Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Phemex+0.198%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.180%−$18 · spread now +0.198%, 7d avg +0.014%

Together, before fees−0.145%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.184% dearer against Phemex than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DOGEUSDT	0.1010	0.0100	pay 0.0100% / 8h	7h 07m	$93.2M	$18.0M	50x
Short	ApeX Omni DOGEUSDT	0.1012	0.0100	get 0.0013% / 1h	7m 05s	$149K	$268K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now +0.198%Rate

Funding earned: $0
Price spread: +0.198% → +0.014%: $18.4
Slippage, 4 orders: −$30.97
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$34.57
Costs to cover: 0.530%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; ApeX Omni: live order book, 64 min ago.

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 Phemex live order book, 2 min ago	2.47 bp	11.4 bp −$11	17.6 bp −$176	32.8 bp −$3,280	doesn't fit
Sell ApeX Omni live order book, 64 min ago	5.05 bp	10.1 bp −$10	44.0 bp −$440	doesn't fit	doesn't fit

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	−0.0165%	8h	0.1010	−0.030%	$153.3M	$271.6M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1010	+0.007%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1009	−0.059%	$416K	$4.9M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1009	−0.127%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0011%	1h	0.1008	−0.197%	$226K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1011	+0.113%	$798K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1008	−0.149%	$846	$423K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1008	−0.173%	$517K	$972K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1010	−0.007%	$5.1M	$46.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1009	−0.102%	$336K	$512K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1010	+0.030%	$321.2M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1010	−0.040%	$161.0M	$438.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1010	−0.040%	$111.8M	$974.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1009	−0.119%	$28K	$74K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1009	−0.067%	$387K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1010	+0.010%	$245.8M	$131.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1011	+0.050%	$113.7M	$226.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1010	0.000%	$66.4M	$42.5M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1011	+0.069%	—	$76.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1011	+0.059%	$367K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1009	−0.111%	$996K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1011	+0.110%	$272K	$124.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1011	+0.088%	$645K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDTshort	+0.0100%	1h	0.1012	+0.198%	$149K	$268K	25x
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1008	−0.198%	$265K	$635K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1010	−0.010%	$74K	$426K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	−0.029%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1010	+0.034%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1010	0.000%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1008	−0.191%	$6.0M	$53.0M	75x	as long as short
Phemex DOGEUSDTlong	+0.0100%	8h	0.1010	long leg	$93.2M	$18.0M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1009	−0.077%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1010	−0.015%	$534K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1010	−0.019%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0146%	1h	0.1010	+0.020%	$608K	$119K	25x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1008	−0.156%	$532	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0182%	1h	0.1008	−0.171%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1010	+0.040%	$15.6M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1010	+0.030%	$2.0M	$25.3M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1013	+0.271%	$66K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0271%	1h	0.1008	−0.153%	$317K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1009	−0.124%	$326K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0768%	1h	0.1012	+0.188%	$123.7M	$95.7M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1012	+0.198%	$5K	$239K	12x	as long as short