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+0.0102%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h 0.000%
Price spread now: SoDEX against Polymarket Perps+0.215%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$250.248% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.006%−$1 on $10k
Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.215%, 7d avg +0.021%
Together, before fees−0.202%−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.194% dearer against Polymarket Perps than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps DOGE-USD0.09985−0.0002get 0.0000% / 1h55m 02s$263K$1.1M10x
ShortSoDEX DOGE-USD0.10010.0100get 0.0013% / 1h55m 02s$2K$5.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$21.45
Price spread: +0.215% → +0.021%
$19.43
Slippage, 4 orders
−$8.77
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$16.11
Costs to cover
0.248%
Break-even
1.7 days
Slippage from Polymarket Perps: live order book, 3 min ago; SoDEX: 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, 3 min ago3.71 bp7.8 bp −$810.8 bp −$108doesn't fitdoesn't fit
Sell SoDEX live order book, 4 min ago0.50 bp4.6 bp −$58.2 bp −$82147.0 bp −$14.7Kdoesn'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
Polymarket Perps DOGE-USDlong−0.0002%1h0.09985long leg$263K$1.1M10x
dYdX DOGE-USD0.0000%1h0.09993+0.085%$224K$70K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1000+0.191%$646K$6.4M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1000+0.163%$34K150xas long as short
Kraken Futures PF_DOGEUSD+0.0002%1h0.1001+0.225%$5.6M$40.6M50xas long as short
Lighter DOGE+0.0096%1h0.1001+0.263%$739K$6.5M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09990+0.060%$547K$1.1M10xas long as short
Hyperliquid DOGE+0.0100%1h0.1002+0.305%$124.9M$113.8M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1001+0.288%$4.4M$56.3M75xas long as short
Pacifica DOGE+0.0100%1h0.09994+0.096%$320K$524K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.1001+0.298%$325.8M$1.65B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1001+0.255%$163.0M$510.8M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1001+0.285%$114.2M$1.16B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1002+0.345%$385K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1001+0.205%$246.9M$148.8M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1001+0.225%$114.6M$249.2M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1001+0.255%$66.5M$49.1M75xas long as short
Bitget DOGEUSDT+0.0100%8h0.1001+0.215%$130.0M$322.7M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1000+0.195%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1001+0.235%$315K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.1001+0.233%$1.1M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09995+0.102%$312K$137.7M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1001+0.244%$633K$4.7M10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1001+0.265%$65K$464K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1001+0.252%$19K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1001+0.235%$35K$2.3M30xas long as short
SoDEX DOGE-USDshort+0.0100%1h0.1001+0.215%$2K$5.2M10x
HTX DOGE-USDT+0.0100%8h0.1000+0.202%$5.9M$66.9M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1001+0.255%$92.1M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09992+0.076%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1001+0.208%$481K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1001+0.277%$19K3xas long as short
Katana Perps DOGE-USD+0.0114%8h0.09986+0.015%$1K$516K10xas long as short
01 Exchange DOGEUSD+0.0160%1h0.09994+0.093%$444$4K10xas long as short
Reya DOGERUSDPERP+0.0193%1h0.09989+0.043%$2K20xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0220%1h0.1001+0.304%$569K$248K25xas long as short
BloFin DOGE-USDT+0.0220%8h0.1001+0.275%$16.2M$26.9M75xas long as short
Arcus DOGE-USD+0.0231%1h0.1000+0.175%$108K$207K10xas long as short
Phoenix DOGE+0.0235%1h0.1000+0.182%$18K$382K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0252% / S −0.0290%1h0.10000+0.152%$324K200xas long as short
ApeX Omni DOGEUSDT+0.0288%1h0.1000+0.155%$150K$336K25xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.1001+0.245%$2.0M$33.8M50xas long as short
RISEx DOGE/USDC+0.0686%1h0.09998+0.131%$403K$437K10xas long as short
Injective DOGE/USDC PERP+0.1217%1h0.1053+5.463%$6K$242K12xas long as short