Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0647%/8h= −70.8% APRpaid last 24h −0.158%

Price spread now: HTX against RISEx+0.027%7-day average −0.017% · 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−$21as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.327%−$33 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.027%, 7d avg −0.017%

Together, before fees−0.409%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.044% dearer against RISEx than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.017%): +$4 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 4 days (−0.327% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09989	0.0747	pay 0.0093% / 1h	54m 15s	$402K	$367K	10x
Short	HTX DOGE-USDT	0.09992	0.0100	get 0.0100% / 8h	5h 54m	$5.9M	$55.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$135.84
Price spread: +0.027% → −0.017%: $4.39
Slippage, 4 orders: −$7.31
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$156.76
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from RISEx: live order book, 9 min ago; HTX: live order book, 5 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, 9 min ago	2.51 bp	5.5 bp −$6	13.7 bp −$137	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.45 bp	7.0 bp −$7	11.3 bp −$113	35.3 bp −$3,531	doesn't fit

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	−0.0091%	8h	0.09970	−0.195%	$150.9M	$273.3M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09988	−0.017%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09993	+0.033%	$394K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09974	−0.159%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09998	+0.084%	$813K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09967	−0.225%	$833	$430K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09975	−0.145%	$532K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09976	−0.139%	$4.7M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09988	−0.013%	$328K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09988	−0.014%	$318.5M	$1.43B	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09978	−0.115%	$159.7M	$437.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09980	−0.095%	$111.1M	$981.8M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	+0.005%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09979	−0.105%	$242.3M	$131.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09985	−0.045%	$113.4M	$228.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09980	−0.095%	$66.0M	$43.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09979	−0.105%	—	$76.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09977	−0.125%	$334K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.354%	$998K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09950	−0.396%	$292K	$128.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09953	−0.364%	$625K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	−0.395%	$146K	$274K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09969	−0.202%	$255K	$730K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09985	−0.045%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09987	−0.024%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09976	−0.131%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09996	+0.065%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.09992	+0.027%	$5.9M	$55.9M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09986	−0.035%	$92.0M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09992	+0.026%	$561K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09992	+0.022%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0105%	8h	0.09985	−0.041%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0130%	1h	0.09993	+0.036%	$597K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0186%	1h	0.09970	−0.193%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09990	+0.004%	$532	$4K	10x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09951	−0.386%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09972	−0.170%	$310K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09995	+0.055%	$2.3M	$25.9M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09994	+0.045%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0421%	1h	0.09989	−0.010%	$121.6M	$99.5M	10x	as long as short
RISEx DOGE/USDClong	+0.0747%	1h	0.09989	long leg	$402K	$367K	10x
Arcus DOGE-USD	+0.0781%	1h	0.09998	+0.085%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1002	+0.305%	$5K	$239K	12x	as long as short