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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0055%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against Polymarket Perps+0.131%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$320.322% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.131%, 7d avg +0.001%
Together, before fees−0.119%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.130% dearer against Polymarket Perps than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps DOGE-USD0.099880.0045pay 0.0006% / 1h56m 25s$262K$1.1M10x
ShortNado DOGE-PERP0.10000.0100get 0.0012% / 1h56m 25s$548K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$11.64
Price spread: +0.131% → +0.001%
$13.03
Slippage, 4 orders
−$17.17
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$7.5
Costs to cover
0.322%
Break-even
11.5 days
Slippage from Polymarket Perps: live order book, 2 min ago; Nado: live order book, 2 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, 2 min ago3.71 bp7.8 bp −$810.8 bp −$108doesn't fitdoesn't fit
Sell Nado live order book, 2 min ago1.00 bp8.9 bp −$921.5 bp −$215doesn'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
dYdX DOGE-USD0.0000%1h0.1000+0.126%$225K$70K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09993+0.053%$644K$6.4M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1001+0.223%$34K150xas long as short
Kraken Futures PF_DOGEUSD+0.0002%1h0.1001+0.234%$5.6M$40.6M50xas long as short
Polymarket Perps DOGE-USDlong+0.0045%1h0.09988long leg$262K$1.1M10x
Lighter DOGE+0.0096%1h0.1001+0.175%$738K$6.5M15xas long as short
Nado DOGE-PERPshort+0.0100%1h0.1000+0.131%$548K$1.1M10x
Hyperliquid DOGE+0.0100%1h0.1000+0.131%$124.7M$113.7M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1001+0.226%$4.4M$56.3M75xas long as short
Pacifica DOGE+0.0100%1h0.1000+0.126%$320K$524K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.1001+0.261%$325.8M$1.65B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1001+0.231%$163.0M$510.5M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1001+0.261%$114.1M$1.16B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1002+0.311%$385K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1001+0.191%$246.6M$148.6M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1000+0.121%$114.2M$248.9M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09996+0.081%$66.5M$49.0M75xas long as short
Bitget DOGEUSDT+0.0100%8h0.1001+0.221%$130.0M$322.6M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09994+0.061%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1002+0.361%$316K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.09995+0.069%$1.1M$8.6Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09998+0.098%$315K$137.6M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1000+0.140%$633K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09990+0.021%$150K$335K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1001+0.251%$65K$464K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1001+0.210%$19K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1001+0.270%$35K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1001+0.241%$2K$5.2M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1002+0.336%$5.9M$66.8M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1003+0.371%$92.2M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09996+0.081%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1001+0.209%$481K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1001+0.245%$19K3xas long as short
Katana Perps DOGE-USD+0.0115%8h0.09995+0.071%$1K$514K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0130%1h0.1002+0.284%$569K$247K25xas long as short
01 Exchange DOGEUSD+0.0160%1h0.1000+0.127%$445$4K10xas long as short
Reya DOGERUSDPERP+0.0193%1h0.09994+0.064%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1003+0.391%$16.2M$26.9M75xas long as short
Arcus DOGE-USD+0.0231%1h0.1001+0.191%$108K$207K10xas long as short
Phoenix DOGE+0.0235%1h0.1000+0.148%$18K$382K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0252% / S −0.0290%1h0.1001+0.215%$324K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.1002+0.311%$2.0M$33.8M50xas long as short
RISEx DOGE/USDC+0.0686%1h0.1000+0.159%$403K$437K10xas long as short
Injective DOGE/USDC PERP+0.1217%1h0.1053+5.428%$6K$242K12xas long as short