Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0074%/8h= +8.2% APRpaid last 24h +0.013%

Price spread now: Reya against Paradex−0.032%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.032% cheaper against Paradex than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 34 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DOGE-USD-PERP	0.09951	0.0100	pay 0.0100% / 8h	2h 11m	$18K	$5K	30x
Short	Reya DOGERUSDPERP	0.09947	0.0175	get 0.0022% / 1h	11m 01s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.032%Rate

Funding earned: $15.63
Price spread: −0.032% → 0.000%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $2.46
Costs to cover: 0.100%
Break-even: 5.9 days

Slippage unknown: Paradex: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Paradex and Reya: 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 44 venues

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
Bitget DOGEUSDT	−0.0281%	8h	0.09940	−0.106%	$152.4M	$261.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09942	−0.088%	$367K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09943	−0.072%	$621K	$106K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09946	−0.042%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0078%	8h	0.09947	−0.036%	$237.1M	$120.8M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09936	−0.147%	$15K	$225K	10x	as long as short
dYdX DOGE-USD	+0.0083%	1h	0.09944	−0.067%	$223K	$44K	10x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09945	−0.056%	$842	$344K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09946	−0.041%	$782K	$5.1M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09941	−0.096%	$630K	$698K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09944	−0.062%	$4.8M	$40.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09945	−0.060%	$335K	$495K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09952	+0.012%	$315.2M	$1.27B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09946	−0.046%	$159.0M	$399.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09951	+0.004%	$109.0M	$895.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09956	+0.055%	$28K	$76K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09949	−0.016%	$112.0M	$220.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09945	−0.056%	$65.2M	$39.3M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09948	−0.026%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09913	−0.377%	$933K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09926	−0.248%	$264K	$112.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09909	−0.419%	$632K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09920	−0.307%	$143K	$226K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09945	−0.058%	$272K	$529K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09941	−0.096%	$57K	$396K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09913	−0.378%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09946	−0.049%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09940	−0.106%	$2K	$3.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09941	−0.095%	$6.0M	$47.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09949	−0.016%	$92.3M	$19.0M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09947	−0.035%	$381K	$14K	10x	as long as short
Paradex DOGE-USD-PERPlong	+0.0100%	8h	0.09951	long leg	$18K	$5K	30x
Extended DOGE-USD	+0.0104%	1h	0.09938	−0.129%	$547K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09942	−0.091%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09953	+0.020%	$525	$4K	10x	as long as short
Reya DOGERUSDPERPshort	+0.0175%	1h	0.09947	−0.032%	$2K	—	20x
BloFin DOGE-USDT	+0.0220%	8h	0.09949	−0.016%	$15.2M	$23.9M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09932	−0.187%	$2.0M	$22.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0247%	1h	0.09947	−0.031%	$318K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0262%	1h	0.09956	+0.055%	$526K	$931K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0288%	1h	0.09941	−0.099%	$6.0M	$31.8M	50x	as long as short
Hyperliquid DOGE	+0.0418%	1h	0.09959	+0.087%	$109.6M	$79.6M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09957	+0.060%	$312K	$472K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09930	−0.207%	$5K	$180K	12x	as long as short