Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Polymarket Perps+0.280%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs+$2as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.321%+$32 on $10k

Price spread, last 3 days (all we have)−0.408%−$41 · spread now +0.280%, 7d avg −0.007%

Together, before fees−0.087%−$9 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: OKX is 0.287% 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 −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DOGE-USD	0.1000	0.0100	pay 0.0013% / 1h	34m 20s	$269K	$536K	10x
Short	OKX DOGE-USDT-SWAP	0.1003	0.0100	get 0.0100% / 8h	1h 34m	$109.0M	$923.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee OKXbpOrdersPrice spread, now +0.280%Rate

Funding earned: $0
Price spread: +0.280% → −0.007%: $28.69
Slippage, 4 orders: −$8.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $1.91
Costs to cover: 0.268%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 48 min ago; OKX: 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 Polymarket Perps live order book, 48 min ago	2.65 bp	8.0 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.49 bp	5.5 bp −$5	6.7 bp −$67	16.0 bp −$1,598	38.3 bp −$19.1K

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	−0.0269%	8h	0.1003	+0.240%	$153.2M	$265.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1006	+0.571%	$414K	$4.6M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1003	+0.279%	$607K	$105K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1002	+0.141%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0009%	1h	0.1003	+0.309%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1008	+0.787%	$16K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0086%	8h	0.1001	+0.060%	$240.7M	$123.1M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1004	+0.367%	$786K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1001	+0.110%	$2K	$362K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	+0.045%	$671K	$797K	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	0.1001	+0.109%	$5.2M	$42.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1003	+0.296%	$336K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	+0.102%	$319.4M	$1.31B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	+0.190%	$161.9M	$413.2M	75x	as long as short
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.1003	+0.280%	$109.0M	$923.7M	50x
Arcus DOGE-USD	+0.0100%	1h	0.1002	+0.190%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1017	+1.701%	$390K	$17K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1000	0.000%	$110.1M	$216.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09999	−0.030%	$65.3M	$40.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1001	+0.100%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.713%	$994K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1009	+0.890%	$279K	$114.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1008	+0.777%	$640K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	+1.380%	$149K	$241K	25x	as long as short
Polymarket Perps DOGE-USDlong	+0.0100%	1h	0.1000	long leg	$269K	$536K	10x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	+0.250%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	+0.265%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.208%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1003	+0.320%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1003	+0.312%	$6.0M	$49.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	+0.300%	$92.9M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1003	+0.274%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1003	+0.272%	$554K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1003	+0.302%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1000	−0.008%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1001	+0.111%	$529	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1005	+0.460%	$2.0M	$23.4M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1005	+0.460%	$15.4M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0271%	1h	0.1002	+0.130%	$314K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1003	+0.327%	$6.0M	$32.6M	50x	as long as short
Hyperliquid DOGE	+0.0410%	1h	0.1002	+0.140%	$110.5M	$82.2M	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0411%	1h	0.1006	+0.540%	$538K	$948K	15x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1002	+0.190%	$314K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1009	+0.880%	$5K	$207K	12x	as long as short