Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.031%

Price spread now: 01 Exchange against Phemex−0.002%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on 01 Exchange

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DOGEUSDT	0.09967	0.0100	pay 0.0100% / 8h	7h 03m	$91.0M	$16.2M	50x
Short	01 Exchange DOGEUSD	0.09967	0.0216	get 0.0027% / 1h	3m 36s	$459	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.002%Rate

Funding earned: $24.36
Price spread: −0.002% → 0.000%: −$0.2
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $5.16
Costs to cover: 0.190%
Break-even: 5.5 days

Slippage unknown: Phemex: live order book, 6 min ago; 01 Exchange: 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 Phemex live order book, 6 min ago	2.51 bp	12.2 bp −$12	26.9 bp −$269	48.5 bp −$4,852	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 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
Kraken Futures PF_DOGEUSD	−0.0095%	1h	0.09970	+0.026%	$5.4M	$40.7M	50x	as long as short
Bitget DOGEUSDT	−0.0021%	8h	0.09955	−0.120%	$140.6M	$347.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09961	−0.061%	$515K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09965	−0.020%	$33K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.649%	$6K	$242K	12x	as long as short
Gate DOGE_USDT	+0.0067%	8h	0.09959	−0.080%	$252.4M	$157.2M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09963	−0.040%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09973	+0.059%	$828K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09964	−0.030%	$832	$544K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09954	−0.125%	$516K	$1.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09971	+0.045%	$124.4M	$113.5M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09965	−0.020%	$5.0M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09967	−0.004%	$324K	$474K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09965	−0.020%	$329.0M	$1.69B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09958	−0.090%	$166.4M	$520.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09962	−0.050%	$117.0M	$1.18B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09967	0.000%	$17K	$307K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09946	−0.216%	$380K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09963	−0.040%	$114.3M	$266.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09964	−0.030%	$66.4M	$49.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09961	−0.060%	—	$49.9M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09966	−0.010%	$307K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09962	−0.052%	$1.1M	$8.3M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09954	−0.130%	$266K	$138.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09955	−0.120%	$636K	$4.1M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09960	−0.070%	$142K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09959	−0.076%	$259K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09968	+0.010%	$72K	$451K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09961	−0.061%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09969	+0.020%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09980	+0.130%	$6.0M	$67.6M	75x	as long as short
Phemex DOGEUSDTlong	+0.0100%	8h	0.09967	long leg	$91.0M	$16.2M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09965	−0.025%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09958	−0.086%	$483K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09970	+0.025%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0111%	1h	0.09973	+0.059%	$558K	$301K	25x	as long as short
Reya DOGERUSDPERP	+0.0203%	1h	0.09956	−0.108%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09968	+0.010%	$2.2M	$35.4M	50x	as long as short
01 Exchange DOGEUSDshort	+0.0216%	1h	0.09967	−0.002%	$459	$4K	10x
BloFin DOGE-USDT	+0.0220%	8h	0.09956	−0.110%	$15.3M	$27.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0304%	1h	0.09966	−0.013%	$360K	—	200x	as long as short
dYdX DOGE-USD	+0.0350%	1h	0.09965	−0.017%	$234K	$72K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09970	+0.030%	$404K	$450K	10x	as long as short