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Funding arb · Price arb /

DOGE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0939%/8h= +102.8% APRnext payment +$1.17 per $10,000 · paid last 24h +0.200%
Price spread now: Injective against Polymarket Perps−0.045%7-day average +0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs+$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$760.758% of the position
Long on Polymarket PerpsShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+1.856%+$186 on $10k
Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.045%, 7d avg +0.206%
Together, before fees+1.896%+$190 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.251% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.206%). If the spread goes back, that is −$25 on $10k: about 21 hours of funding at the current rate (+$28 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps DOGE-USD0.099450.0100pay 0.0013% / 1h3m 17s$255K$556K10x
ShortInjective DOGE/USDC PERP0.099400.1039get 0.0130% / 1h3m 17s$5K$239K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$197.09
Price spread: −0.045% → +0.206%
−$25.13
Slippage, 4 orders
−$67.8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$96.14
Costs to cover
0.758%
Break-even
3.6 days
Slippage from Polymarket Perps: live order book, 9 min ago; Injective: live order book, 11 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, 9 min ago3.03 bp8.3 bp −$88.5 bp −$85doesn't fitdoesn't fit
Sell Injective live order book, 11 min ago30.21 bp30.2 bp −$30doesn't fitdoesn't fitdoesn't fit

DOGE on 44 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−0.0212%8h0.09951+0.065%$152.0M$270.4M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09921−0.240%$395K$4.8M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09956+0.119%$24K—150xas long as short
dYdX DOGE-USD+0.0067%1h0.09938−0.064%$223K$44K10xas long as short
Gate DOGE_USDT+0.0069%8h0.09950+0.055%$242.3M$129.3M75xas long as short
Lighter DOGE+0.0096%1h0.09941−0.033%$779K$5.6M15xas long as short
Katana Perps DOGE-USD+0.0098%8h0.09936−0.085%$960$394K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09947+0.030%$510K$977K10xas long as short
Aster DOGEUSDT+0.0100%8h0.09940−0.049%$4.8M$46.1M75xas long as short
Pacifica DOGE+0.0100%1h0.09940−0.042%$331K$511K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09955+0.108%$316.5M$1.39B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09957+0.126%$157.2M$435.0M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09959+0.146%$109.6M$954.4M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09945+0.005%$28K$82K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.09954+0.096%$111.6M$223.2M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09954+0.096%$65.8M$42.2M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09950+0.055%—$3.4M—as long as short
Variational Omni DOGE+0.0100%8h0.09893−0.516%$994K$8.1M—as long as short
edgeX DOGEUSDC+0.0100%4h0.09911−0.339%$256K$120.7M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09912−0.327%$623K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09910−0.347%$145K$252K25xas long as short
Polymarket Perps DOGE-USDlong+0.0100%1h0.09945long leg$255K$556K10x
Orderly PERP_DOGE_USDC+0.0100%8h0.09956+0.116%$72K$446K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09955+0.101%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09955+0.102%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09957+0.126%$2K$3.7M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09958+0.136%$6.0M$52.1M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09958+0.136%$92.0M$19.2M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09909−0.358%$380K$12K10xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09937−0.078%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09954+0.097%$518K$3.7M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09959+0.145%$19K—3xas long as short
Kraken Futures PF_DOGEUSD+0.0105%1h0.09956+0.112%$6.0M$33.7M50xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0122%1h0.09961+0.167%$599K$121K25xas long as short
Reya DOGERUSDPERP+0.0180%1h0.09950+0.060%$2K—20xas long as short
01 Exchange DOGEUSD+0.0216%1h0.09943−0.018%$525$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.09911−0.337%$15.2M$25.2M75xas long as short
Phoenix DOGE+0.0239%1h0.09916−0.285%$66K$281K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.09962+0.176%$2.0M$24.3M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0243% / S −0.0263%1h0.09953+0.086%$307K—200xas long as short
Backpack DOGE_USDC_PERP+0.0304%1h0.09945+0.005%$382K$1.1M15xas long as short
RISEx DOGE/USDC+0.0708%1h0.099450.000%$314K$477K10xas long as short
Hyperliquid DOGE+0.0814%1h0.09965+0.207%$116.4M$90.3M10xas long as short
Injective DOGE/USDC PERPshort+0.1039%1h0.09940−0.045%$5K$239K12x