Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.064%

Price spread now: Bitget against Reya+0.011%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya DOGERUSDPERP	0.09854	0.0206	pay 0.0026% / 1h	58m 14s	$2K	—	20x
Short	Bitget DOGEUSDT	0.09855	−0.0038	pay 0.0038% / 8h	5h 58m	$139.6M	$306.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Reya. 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 ReyabpFee BitgetbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$51.25
Price spread: +0.011% → 0.000%: $1.07
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.18
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	0.51 bp	7.2 bp −$7	8.5 bp −$85	14.9 bp −$1,487	24.6 bp −$12.3K

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DOGE on 43 exchanges

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
Kraken Futures PF_DOGEUSD	−0.0139%	1h	0.09861	+0.075%	$5.3M	$39.8M	50x	as long as short
Bitget DOGEUSDTshort	−0.0038%	8h	0.09855	+0.011%	$139.6M	$306.2M	75x
Kalshi KXDOGEPERP	0.0000%	8h	0.09877	+0.235%	$529K	$6.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09857	+0.034%	$33K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0004%	1h	0.09863	+0.092%	$552K	$294K	25x	as long as short
Bybit DOGEUSDT	+0.0025%	8h	0.09858	+0.041%	$166.2M	$494.8M	75x	as long as short
Gate DOGE_USDT	+0.0033%	8h	0.09858	+0.041%	$253.8M	$143.6M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.861%	$6K	$240K	12x	as long as short
Lighter DOGE	+0.0096%	1h	0.09876	+0.226%	$816K	$6.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09865	+0.112%	$2K	$541K	10x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09856	+0.026%	$510K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09869	+0.153%	$122.4M	$108.5M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09860	+0.063%	$4.9M	$57.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09868	+0.144%	$315K	$457K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09861	+0.072%	$325.5M	$1.60B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09864	+0.102%	$118.4M	$1.11B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09866	+0.122%	$17K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09869	+0.154%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09861	+0.072%	$113.6M	$247.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09861	+0.072%	$65.2M	$45.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09860	+0.061%	—	$46.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09863	+0.092%	$312K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09851	−0.028%	$1.3M	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09857	+0.026%	$265K	$132.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09867	+0.129%	$620K	$3.9M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09860	+0.061%	$139K	$343K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09854	+0.006%	$243K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09862	+0.082%	$68K	$418K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09865	+0.109%	$34K	$1.9M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09861	+0.072%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09872	+0.187%	$6.0M	$65.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09864	+0.102%	$89.9M	$15.4M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09858	+0.039%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09855	+0.008%	$482K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09860	+0.061%	$19K	—	3x	as long as short
Phoenix DOGE	+0.0161%	1h	0.09868	+0.142%	$18K	$311K	10x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09864	+0.104%	$454	$4K	10x	as long as short
Reya DOGERUSDPERPlong	+0.0206%	1h	0.09854	long leg	$2K	—	20x
GMX DOGE/USD [ETH-USDC]	L +0.0211% / S −0.0184%	1h	0.09865	+0.108%	$286K	—	200x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09866	+0.122%	$15.4M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0264%	1h	0.09867	+0.133%	$2.2M	$33.1M	50x	as long as short
dYdX DOGE-USD	+0.0267%	1h	0.09877	+0.233%	$232K	$67K	10x	as long as short
RISEx DOGE/USDC	+0.0587%	1h	0.09867	+0.127%	$409K	$412K	10x	as long as short