Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0463%/8h= −50.7% APRpaid last 24h −0.158%

Price spread now: Binance against RISEx+0.141%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.332%−$33 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.141%, 7d avg −0.046%

Together, before fees−0.488%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.187% dearer against RISEx than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of −0.046%): +$19 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09961	0.0563	pay 0.0070% / 1h	22m 59s	$401K	$367K	10x
Short	Binance DOGEUSDT	0.09975	0.0100	get 0.0100% / 8h	6h 22m	$315.9M	$1.43B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now +0.141%Rate

Funding earned: −$97.21
Price spread: +0.141% → −0.046%: $18.69
Slippage, 4 orders: −$5.22
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99.74
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from RISEx: live order book, 45 min ago; Binance: live order book, 6 min ago.

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 RISEx live order book, 45 min ago	1.49 bp	4.5 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.50 bp	6.1 bp −$6	8.3 bp −$83	21.3 bp −$2,126	52.1 bp −$26.1K

DOGE on 43 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	−0.0111%	8h	0.09969	+0.077%	$151.1M	$273.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09955	−0.067%	$391K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09954	−0.074%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.09961	−0.001%	$224K	$49K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0067%	1h	0.09959	−0.024%	$5.8M	$34.2M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09970	+0.082%	$826K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09955	−0.064%	$832	$428K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09953	−0.089%	$530K	$990K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09959	−0.023%	$4.6M	$48.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09964	+0.022%	$327K	$503K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDTshort	+0.0100%	8h	0.09975	+0.141%	$315.9M	$1.43B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09975	+0.137%	$158.0M	$441.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09979	+0.177%	$109.9M	$981.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09967	+0.057%	$128K	$178K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09984	+0.225%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09963	+0.017%	$241.5M	$132.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09979	+0.177%	$111.1M	$229.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09979	+0.177%	$66.0M	$43.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09954	−0.074%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09961	−0.003%	$340K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09990	+0.286%	$985K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09982	+0.211%	$282K	$128.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09978	+0.167%	$627K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09970	+0.087%	$146K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09951	−0.104%	$256K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09960	−0.014%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09959	−0.022%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09960	−0.016%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09962	+0.007%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09958	−0.038%	$5.9M	$54.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09963	+0.017%	$91.8M	$17.0M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09977	+0.156%	$558K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09959	−0.027%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0110%	8h	0.09958	−0.032%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0182%	1h	0.09962	+0.005%	$595K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0184%	1h	0.09956	−0.051%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09959	−0.020%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09956	−0.054%	$2.0M	$25.1M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09998	+0.369%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09953	−0.082%	$310K	—	200x	as long as short
RISEx DOGE/USDClong	+0.0563%	1h	0.09961	long leg	$401K	$367K	10x
Hyperliquid DOGE	+0.0706%	1h	0.09979	+0.174%	$121.8M	$97.5M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09980	+0.187%	$5K	$239K	12x	as long as short