Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0518%/8h= −56.7% APRpaid last 24h −0.166%

Price spread now: Katana Perps against RISEx−0.079%7-day average −0.059% · you buy dearer than you sell

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

Long on RISEx Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.400%−$40 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.079%, 7d avg −0.059%

Together, before fees−0.353%−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09996	0.0626	pay 0.0078% / 1h	2m 27s	$402K	$458K	10x
Short	Katana Perps DOGE-USD	0.09988	0.0107	get 0.0107% / 8h	1h 02m	$834	$536K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$108.82
Price spread: −0.079% → −0.059%: −$1.95
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$120.57
Costs to cover: 0.098%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 41 min ago; 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 RISEx live order book, 41 min ago	4.01 bp	7.0 bp −$7	13.6 bp −$136	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

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
Kraken Futures PF_DOGEUSD	−0.0082%	1h	0.1001	+0.121%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09990	−0.059%	$224K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1001	+0.155%	$613K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09981	−0.145%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.343%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0038%	8h	0.09974	−0.219%	$141.5M	$344.4M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0045%	1h	0.09978	−0.176%	$262K	$1.2M	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1002	+0.272%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1000	+0.043%	$847K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09987	−0.089%	$538K	$1.1M	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	0.09993	−0.030%	$4.6M	$58.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09991	−0.047%	$319K	$501K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09991	−0.049%	$329.8M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09981	−0.149%	$164.2M	$521.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09984	−0.119%	$117.0M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1001	+0.108%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09985	−0.109%	$249.8M	$157.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09983	−0.129%	$112.6M	$258.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09984	−0.119%	$66.7M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09988	−0.079%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09998	+0.021%	$303K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	+0.179%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1001	+0.186%	$304K	$140.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.151%	$631K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.241%	$146K	$341K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1000	+0.081%	$70K	$470K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1000	+0.065%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	+0.176%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1001	+0.111%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.110%	$5.9M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	+0.121%	$91.7M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09988	−0.083%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09984	−0.117%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	+0.101%	$19K	—	3x	as long as short
Katana Perps DOGE-USDshort	+0.0107%	8h	0.09988	−0.079%	$834	$536K	10x
Hyperliquid DOGE	+0.0108%	1h	0.09991	−0.045%	$124.4M	$117.0M	10x	as long as short
Reya DOGERUSDPERP	+0.0198%	1h	0.09979	−0.166%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	+0.121%	$16.3M	$27.1M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0240%	1h	0.1001	+0.137%	$574K	$252K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1001	+0.141%	$1.9M	$34.8M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09982	−0.140%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.09995	−0.011%	$444	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.09988	−0.079%	$17K	$308K	10x	as long as short
RISEx DOGE/USDClong	+0.0626%	1h	0.09996	long leg	$402K	$458K	10x