Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%

Price spread now: Extended against Phemex−0.040%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.040%, 7d avg −0.058%

Together, before fees+0.041%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DOGEUSDT	0.1004	0.0100	pay 0.0100% / 8h	1h 09m	$92.9M	$19.2M	50x
Short	Extended DOGE-USD	0.1003	0.0104	get 0.0013% / 1h	9m 01s	$554K	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0.84
Price spread: −0.040% → −0.058%: $1.81
Slippage, 4 orders: −$23.33
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.68
Costs to cover: 0.403%
Break-even: 321.0 days

Slippage from Phemex: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	2.49 bp	13.5 bp −$13	30.8 bp −$308	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.99 bp	5.2 bp −$5	5.5 bp −$55	12.4 bp −$1,240	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	−0.0258%	8h	0.1003	−0.100%	$153.1M	$266.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.015%	$415K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1003	−0.070%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0037%	1h	0.1002	−0.144%	$225K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0049%	1h	0.1003	−0.016%	$608K	$109K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1002	−0.131%	$66K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1004	+0.068%	$791K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1003	−0.040%	$838	$371K	10x	as long as short
Gate DOGE_USDT	+0.0099%	8h	0.1003	−0.050%	$241.7M	$125.1M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	−0.100%	$571K	$863K	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	0.1004	−0.009%	$4.9M	$44.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1003	−0.074%	$334K	$504K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1004	+0.010%	$319.1M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1003	−0.040%	$158.9M	$421.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1004	0.000%	$109.2M	$933.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1003	−0.010%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.078%	$384K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1004	0.000%	$112.0M	$218.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	−0.010%	$66.1M	$41.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1003	−0.040%	—	$74.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.148%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1003	−0.057%	$277K	$116.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	−0.020%	$633K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1003	−0.060%	$147K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1003	−0.060%	$267K	$541K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	−0.050%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	−0.051%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	−0.003%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1004	+0.020%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1004	+0.043%	$6.0M	$50.6M	75x	as long as short
Phemex DOGEUSDTlong	+0.0100%	8h	0.1004	long leg	$92.9M	$19.2M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1003	−0.091%	$18K	$5K	30x	as long as short
Extended DOGE-USDshort	+0.0104%	1h	0.1003	−0.040%	$554K	$3.6M	50x
Aevo DOGE-PERP	+0.0104%	1h	0.1003	−0.026%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1003	−0.030%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1004	+0.047%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1005	+0.100%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	−0.050%	$15.3M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0248% / S −0.0216%	1h	0.1003	−0.079%	$351K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1004	+0.018%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0401%	1h	0.1004	+0.050%	$536K	$959K	15x	as long as short
Hyperliquid DOGE	+0.0502%	1h	0.1005	+0.139%	$114.7M	$84.9M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1004	+0.001%	$314K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1006	+0.239%	$5K	$239K	12x	as long as short