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

DOGE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.013%
Price spread now: Bybit against Reya−0.076%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.076% cheaper against Reya than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya DOGERUSDPERP0.098450.0174pay 0.0022% / 1h30m 14s$2K20x
ShortBybit DOGEUSDT0.098380.0100get 0.0100% / 8h2h 30m$155.9M$396.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$15.48
Price spread: −0.076% → 0.000%
−$7.6
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$40.08
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Bybit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Bybit live order book, 4 min ago0.51 bp7.2 bp −$715.1 bp −$15126.8 bp −$2,68248.0 bp −$24.0K
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 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−0.0279%8h0.09833−0.127%$151.3M$260.1M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09856+0.105%$358K$4.3M2.8xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.09845−0.009%$615K$103K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S −0.0001%1h0.09844−0.020%$32K150xas long as short
Gate DOGE_USDT+0.0064%8h0.09842−0.035%$234.2M$119.4M75xas long as short
Phoenix DOGE+0.0080%1h0.09840−0.054%$15K$225K10xas long as short
dYdX DOGE-USD+0.0091%1h0.09861+0.156%$221K$44K10xas long as short
Katana Perps DOGE-USD+0.0095%8h0.09855+0.097%$1K$336K10xas long as short
Lighter DOGE+0.0096%1h0.09845−0.009%$781K$5.1M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09851+0.061%$625K$694K10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.09847+0.018%$4.8M$40.4M75xas long as short
Pacifica DOGE+0.0100%1h0.09858+0.125%$335K$505K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09844−0.016%$312.3M$1.26B75xas long as short
Bybit DOGEUSDTshort+0.0100%8h0.09838−0.076%$155.9M$396.8M75x
OKX DOGE-USDT-SWAP+0.0100%8h0.09845−0.005%$107.5M$880.8M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09863+0.178%$28K$75K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09838−0.076%$377K$19K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.09847+0.015%$117.5M$214.9M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09852+0.066%$64.7M$39.1M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09844−0.015%$73.3Mas long as short
Variational Omni DOGE+0.0100%8h0.09851+0.057%$915K$7.8Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09847+0.020%$261K$112.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09867+0.218%$627K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09840−0.056%$140K$223K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09847+0.012%$270K$528K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09844−0.015%$56K$397K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09841−0.046%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09861+0.158%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09844−0.015%$2K$3.3M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09855+0.097%$5.9M$46.6M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09843−0.025%$91.3M$19.0M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09858+0.128%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09839−0.063%$548K$3.6M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09845−0.006%$19K3xas long as short
Reya DOGERUSDPERPlong+0.0174%1h0.09845long leg$2K20x
01 Exchange DOGEUSD+0.0192%1h0.09859+0.139%$521$4K10xas long as short
Backpack DOGE_USDC_PERP+0.0214%1h0.09868+0.229%$521K$931K15xas long as short
BloFin DOGE-USDT+0.0220%8h0.09860+0.147%$15.1M$23.7M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0224%1h0.09856+0.107%$2.0M$22.1M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0243% / S −0.0263%1h0.09843−0.026%$303K200xas long as short
Kraken Futures PF_DOGEUSD+0.0291%1h0.09839−0.063%$5.9M$31.6M50xas long as short
Hyperliquid DOGE+0.0428%1h0.09861+0.157%$109.0M$78.8M10xas long as short
RISEx DOGE/USDC+0.0536%1h0.09866+0.203%$309K$472K10xas long as short
Injective DOGE/USDC PERP+0.1013%1h0.09880+0.351%$32K$153K12xas long as short