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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0532%/8h= +58.2% APRnext payment +$0.66 per $10,000 · paid last 24h +0.115%
Price spread now: Hyperliquid against Reya+0.336%7-day average · you sell dearer than you buy
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 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.336% dearer against Reya than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya DOGERUSDPERP0.099230.0184pay 0.0023% / 1h29m 56s$2K20x
ShortHyperliquid DOGE0.099560.0716get 0.0089% / 1h29m 56s$121.2M$97.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$111.66
Price spread: +0.336% → 0.000%
$33.64
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$130.3
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; Hyperliquid: 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 Hyperliquid live order book, 4 min ago0.30 bp5.6 bp −$68.0 bp −$80doesn't fitdoesn't fit
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 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−0.0119%8h0.09943+0.203%$150.7M$273.3M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09920−0.031%$389K$5.0M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09925+0.017%$23K150xas long as short
dYdX DOGE-USD+0.0019%1h0.09914−0.085%$223K$51K10xas long as short
Kraken Futures PF_DOGEUSD+0.0067%1h0.09940+0.169%$5.8M$34.1M50xas long as short
Lighter DOGE+0.0096%1h0.09947+0.241%$772K$6.0M15xas long as short
Katana Perps DOGE-USD+0.0099%8h0.09917−0.059%$828$427K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09928+0.047%$510K$981K10xas long as short
Aster DOGEUSDT+0.0100%8h0.09935+0.122%$4.7M$48.3M75xas long as short
Pacifica DOGE+0.0100%1h0.09916−0.072%$327K$504K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09952+0.295%$315.1M$1.43B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09951+0.284%$157.5M$442.2M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09954+0.314%$109.4M$979.7M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09937+0.143%$128K$178K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09870−0.532%$378K$5K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09943+0.203%$241.1M$131.9M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09949+0.264%$110.4M$229.3M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09950+0.274%$65.8M$43.0M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09948+0.254%$76.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09946+0.234%$344K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.09898−0.250%$985K$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09884−0.395%$271K$128.3M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09885−0.381%$621K$4.5M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09880−0.432%$144K$276K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09923+0.001%$256K$642K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09932+0.093%$70K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09930+0.070%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09927+0.042%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09939+0.163%$2K$3.7M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09936+0.129%$5.9M$54.8M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09939+0.163%$91.6M$17.2M50xas long as short
Extended DOGE-USD+0.0104%1h0.09948+0.252%$525K$3.9M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09936+0.130%$19K3xas long as short
Paradex DOGE-USD-PERP+0.0112%8h0.09904−0.190%$18K$6K30xas long as short
Reya DOGERUSDPERPlong+0.0184%1h0.09923long leg$2K20x
01 Exchange DOGEUSD+0.0192%1h0.09928+0.055%$529$4K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.09910−0.129%$2.0M$24.9M50xas long as short
Phoenix DOGE+0.0241%1h0.09898−0.249%$64K$284K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0245% / S −0.0267%1h0.09924+0.010%$309K200xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0314%1h0.09935+0.120%$594K$118K25xas long as short
RISEx DOGE/USDC+0.0563%1h0.09931+0.077%$399K$367K10xas long as short
Hyperliquid DOGEshort+0.0716%1h0.09956+0.336%$121.2M$97.5M10x
Injective DOGE/USDC PERP+0.1004%1h0.09940+0.173%$5K$239K12xas long as short