Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0756%/8h= −82.8% APRpaid last 24h −0.190%

Price spread now: Bitget against RISEx−0.294%7-day average −0.083% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.384%−$38 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.294%, 7d avg −0.083%

Together, before fees−0.115%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bitget is 0.211% cheaper against RISEx than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09877	0.0695	pay 0.0087% / 1h	47m 54s	$399K	$411K	10x
Short	Bitget DOGEUSDT	0.09848	−0.0061	pay 0.0061% / 8h	4h 47m	$148.9M	$275.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.294%Rate

Funding earned: −$158.74
Price spread: −0.294% → −0.083%: −$21.06
Slippage, 4 orders: −$11.99
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$209.79
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from RISEx: live order book, 10 min ago; Bitget: live order book, 1 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, 10 min ago	3.54 bp	6.5 bp −$7	12.8 bp −$128	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.51 bp	7.9 bp −$8	9.4 bp −$94	24.9 bp −$2,492	53.9 bp −$26.9K

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 DOGEUSDTshort	−0.0061%	8h	0.09848	−0.294%	$148.9M	$275.0M	75x
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.09860	−0.172%	$5.7M	$35.4M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09864	−0.134%	$431K	$5.2M	2.8x	as long as short
dYdX DOGE-USD	+0.0001%	1h	0.09857	−0.206%	$221K	$49K	10x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09863	−0.147%	$23K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0014%	1h	0.09865	−0.119%	$589K	$118K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0026%	1h	0.09860	−0.172%	$257K	$830K	10x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09869	−0.081%	$2K	$448K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09869	−0.077%	$744K	$6.2M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09864	−0.132%	$523K	$1.0M	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	0.09865	−0.117%	$4.5M	$48.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09863	−0.146%	$320K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09857	−0.200%	$314.7M	$1.45B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09856	−0.213%	$158.7M	$443.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09858	−0.192%	$110.0M	$984.1M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09930	+0.537%	$381K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09852	−0.253%	$241.8M	$133.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09854	−0.233%	$111.0M	$233.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09856	−0.213%	$65.1M	$43.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09849	−0.283%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09864	−0.132%	$309K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09868	−0.093%	$979K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09908	+0.311%	$295K	$129.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09916	+0.391%	$624K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09870	−0.071%	$143K	$283K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09865	−0.121%	$69K	$436K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09863	−0.146%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09871	−0.066%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09861	−0.162%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09864	−0.132%	$5.9M	$57.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09865	−0.121%	$90.7M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09861	−0.165%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09852	−0.250%	$495K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09860	−0.168%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09875	−0.024%	$526	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0188%	1h	0.09862	−0.150%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09855	−0.223%	$15.4M	$24.9M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.09913	+0.363%	$64K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09863	−0.145%	$309K	—	200x	as long as short
Hyperliquid DOGE	+0.0278%	1h	0.09876	−0.014%	$120.2M	$100.1M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.09865	−0.121%	$2.3M	$26.5M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.09886	+0.091%	$117K	$189K	10x	as long as short
RISEx DOGE/USDClong	+0.0695%	1h	0.09877	long leg	$399K	$411K	10x
Injective DOGE/USDC PERP	+0.1004%	1h	0.09890	+0.132%	$5K	$239K	12x	as long as short