Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Polymarket Perps+0.283%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs+$1as in the Price arb table
costs, in and out, $10k−$290.285% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.277%+$28 on $10k
Price spread, last 4 days (all we have)−0.895%−$89 · spread now +0.283%, 7d avg −0.008%
Together, before fees−0.618%−$62 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: Bybit is 0.291% dearer against Polymarket Perps than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps DOGE-USD0.099230.0100pay 0.0013% / 1h30m 01s$256K$642K10x
ShortBybit DOGEUSDT0.099510.0100get 0.0100% / 8h6h 30m$157.5M$442.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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

Funding earned
$0
Price spread: +0.283% → −0.008%
$29.14
Slippage, 4 orders
−$9.52
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$0.62
Costs to cover
0.285%
Break-even
from the start
Slippage from Polymarket Perps: live order book, 38 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 38 min ago2.98 bp7.9 bp −$88.3 bp −$83doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.50 bp7.1 bp −$79.4 bp −$9420.7 bp −$2,06942.9 bp −$21.4K

DOGE on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0119%8h0.09943+0.203%$150.7M$273.3M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09920−0.032%$389K$5.0M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09925+0.016%$23K150xas long as short
dYdX DOGE-USD+0.0019%1h0.09914−0.086%$223K$51K10xas long as short
Kraken Futures PF_DOGEUSD+0.0067%1h0.09940+0.168%$5.8M$34.1M50xas long as short
Lighter DOGE+0.0096%1h0.09947+0.240%$772K$6.0M15xas long as short
Katana Perps DOGE-USD+0.0099%8h0.09917−0.059%$828$427K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09928+0.046%$510K$981K10xas long as short
Aster DOGEUSDT+0.0100%8h0.09935+0.121%$4.7M$48.3M75xas long as short
Pacifica DOGE+0.0100%1h0.09916−0.073%$327K$504K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09952+0.294%$315.1M$1.43B75xas long as short
Bybit DOGEUSDTshort+0.0100%8h0.09951+0.283%$157.5M$442.2M75x
OKX DOGE-USDT-SWAP+0.0100%8h0.09954+0.313%$109.4M$979.7M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09937+0.142%$128K$178K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09870−0.533%$378K$5K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09943+0.203%$241.1M$131.9M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09949+0.263%$110.4M$229.3M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09950+0.273%$65.8M$43.0M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09948+0.253%$76.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09946+0.233%$344K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.09898−0.251%$985K$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09884−0.395%$271K$128.3M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09885−0.382%$621K$4.5M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09880−0.432%$144K$276K25xas long as short
Polymarket Perps DOGE-USDlong+0.0100%1h0.09923long leg$256K$642K10x
Orderly PERP_DOGE_USDC+0.0100%8h0.09932+0.092%$70K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09930+0.069%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09927+0.041%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09939+0.162%$2K$3.7M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09936+0.128%$5.9M$54.8M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09939+0.162%$91.6M$17.2M50xas long as short
Extended DOGE-USD+0.0104%1h0.09948+0.251%$525K$3.9M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09936+0.129%$19K3xas long as short
Paradex DOGE-USD-PERP+0.0112%8h0.09904−0.190%$18K$6K30xas long as short
Reya DOGERUSDPERP+0.0184%1h0.09923−0.001%$2K20xas long as short
01 Exchange DOGEUSD+0.0192%1h0.09928+0.054%$529$4K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.09910−0.130%$2.0M$24.9M50xas long as short
Phoenix DOGE+0.0241%1h0.09898−0.250%$64K$284K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0245% / S −0.0267%1h0.09924+0.009%$309K200xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0314%1h0.09935+0.119%$594K$118K25xas long as short
RISEx DOGE/USDC+0.0563%1h0.09931+0.077%$399K$367K10xas long as short
Hyperliquid DOGE+0.0716%1h0.09956+0.336%$121.2M$97.5M10xas long as short
Injective DOGE/USDC PERP+0.1004%1h0.09940+0.172%$5K$239K12xas long as short