Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.014%

Price spread now: Katana Perps against Reya−0.081%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Katana Perps

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 days—no 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 Katana Perps is 0.081% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya DOGERUSDPERP	0.1005	0.0177	pay 0.0022% / 1h	19m 15s	$2K	—	20x
Short	Katana Perps DOGE-USD	0.1004	0.0097	get 0.0097% / 8h	1h 19m	$839	$371K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$16.82
Price spread: −0.081% → 0.000%: −$8.07
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$34.69
Costs to cover: 0.098%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Katana Perps: no order-book sample. 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 Katana Perps no order-book sample	—	—	—	—	—

Reya and Katana Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DOGEUSDT	−0.0263%	8h	0.1003	−0.180%	$153.2M	$266.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	−0.055%	$419K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1004	−0.056%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1005	−0.031%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1004	−0.063%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1009	+0.370%	$67K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0092%	8h	0.1004	−0.120%	$241.8M	$124.4M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1005	−0.016%	$792K	$5.4M	15x	as long as short
Katana Perps DOGE-USDshort	+0.0097%	8h	0.1004	−0.081%	$839	$371K	10x
Nado DOGE-PERP	+0.0100%	1h	0.1004	−0.096%	$578K	$856K	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	0.1005	−0.025%	$5.0M	$43.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1005	−0.033%	$335K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1004	−0.054%	$319.9M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1004	−0.101%	$159.2M	$421.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1004	−0.071%	$109.5M	$931.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	−0.031%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.131%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1004	−0.061%	$110.7M	$217.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1004	−0.071%	$66.0M	$41.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1004	−0.081%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.220%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	+0.280%	$276K	$116.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1008	+0.267%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1009	+0.407%	$148K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	−0.051%	$268K	$541K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1004	−0.081%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1004	−0.090%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1005	+0.008%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1004	−0.071%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1004	−0.074%	$6.0M	$50.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1004	−0.051%	$93.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	−0.065%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1004	−0.110%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	−0.052%	$19K	—	3x	as long as short
Reya DOGERUSDPERPlong	+0.0177%	1h	0.1005	long leg	$2K	—	20x
01 Exchange DOGEUSD	+0.0184%	1h	0.1004	−0.046%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1005	+0.039%	$2.0M	$23.6M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1005	−0.021%	$15.3M	$24.9M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0222%	1h	0.1005	−0.010%	$340K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1004	−0.072%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0409%	1h	0.1005	−0.031%	$537K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0450%	1h	0.1005	+0.049%	$111.7M	$83.1M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1005	−0.026%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1006	+0.108%	$5K	$223K	12x	as long as short