Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.056%

Price spread now: GMX against Paradex−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.076% cheaper against Paradex than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DOGE-USD-PERP	0.09860	0.0100	pay 0.0100% / 8h	6h 20m	$18K	$5K	30x
Short	GMX DOGE/USD [ETH-USDC]	0.09853	L +0.0211% / S −0.0184%	get 0.0023% / 1h	20m 47s	$286K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee GMXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $17.69
Price spread: −0.076% → 0.000%: −$7.57
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$5.88
Costs to cover: 0.160%
Break-even: 9.3 days

Slippage unknown: Paradex: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DOGE on 43 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_DOGEUSD	−0.0052%	1h	0.09852	−0.079%	$5.3M	$40.3M	50x	as long as short
Bitget DOGEUSDT	−0.0037%	8h	0.09841	−0.193%	$139.3M	$346.5M	75x	as long as short
Gate DOGE_USDT	−0.0003%	8h	0.09848	−0.122%	$252.8M	$148.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09862	+0.019%	$493K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09852	−0.080%	$33K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.794%	$6K	$240K	12x	as long as short
Bybit DOGEUSDT	+0.0040%	8h	0.09844	−0.163%	$166.0M	$511.9M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0065%	1h	0.09856	−0.039%	$552K	$297K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09856	−0.040%	$814K	$6.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09860	−0.001%	$1K	$542K	10x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09860	−0.001%	$506K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09855	−0.054%	$122.2M	$111.4M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09849	−0.112%	$4.9M	$58.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09866	+0.059%	$315K	$475K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09848	−0.122%	$325.1M	$1.66B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09847	−0.133%	$115.9M	$1.14B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09866	+0.060%	$17K	$307K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09868	+0.082%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09850	−0.102%	$111.2M	$256.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09855	−0.051%	$65.4M	$47.7M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09848	−0.122%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09853	−0.072%	$312K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09845	−0.148%	$1.2M	$7.9M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09857	−0.030%	$258K	$133.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09856	−0.041%	$629K	$4.0M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09860	−0.001%	$139K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09856	−0.043%	$246K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09855	−0.051%	$68K	$423K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09865	+0.048%	$34K	$2.0M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09854	−0.062%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09859	−0.007%	$6.0M	$66.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09854	−0.062%	$89.9M	$15.7M	50x	as long as short
Paradex DOGE-USD-PERPlong	+0.0100%	8h	0.09860	long leg	$18K	$5K	30x
Extended DOGE-USD	+0.0104%	1h	0.09846	−0.148%	$482K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09854	−0.064%	$19K	—	3x	as long as short
Phoenix DOGE	+0.0161%	1h	0.09864	+0.037%	$18K	$355K	10x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.09869	+0.088%	$454	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0205%	1h	0.09866	+0.059%	$2K	—	20x	as long as short
GMX DOGE/USD [ETH-USDC]short	L +0.0211% / S −0.0184%	1h	0.09853	−0.076%	$286K	—	200x
BloFin DOGE-USDT	+0.0220%	8h	0.09865	+0.050%	$15.4M	$26.0M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09863	+0.030%	$2.2M	$34.7M	50x	as long as short
dYdX DOGE-USD	+0.0249%	1h	0.09864	+0.035%	$232K	$69K	10x	as long as short
RISEx DOGE/USDC	+0.0565%	1h	0.09867	+0.075%	$409K	$451K	10x	as long as short