Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0465%/8h= −50.9% APRpaid last 24h −0.167%

Price spread now: OKX against RISEx−0.221%7-day average −0.052% · 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−$42as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.385%−$38 on $10k

Price spread, last 4 days (all we have)+0.255%+$26 · spread now −0.221%, 7d avg −0.052%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and OKX is 0.169% cheaper against RISEx than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09949	0.0565	pay 0.0071% / 1h	58m 18s	$404K	$450K	10x
Short	OKX DOGE-USDT-SWAP	0.09927	0.0100	get 0.0100% / 8h	6h 58m	$116.5M	$1.17B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.221%Rate

Funding earned: −$97.7
Price spread: −0.221% → −0.052%: −$16.88
Slippage, 4 orders: −$8.67
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$139.26
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from RISEx: live order book, 35 min ago; OKX: 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, 35 min ago	3.56 bp	6.6 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.50 bp	6.1 bp −$6	8.0 bp −$80	20.3 bp −$2,030	60.1 bp −$30.0K

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
Kraken Futures PF_DOGEUSD	−0.0052%	1h	0.09933	−0.157%	$5.4M	$40.6M	50x	as long as short
Bitget DOGEUSDT	−0.0024%	8h	0.09932	−0.171%	$140.3M	$347.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09942	−0.070%	$514K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09967	+0.183%	$33K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0012%	1h	0.09940	−0.089%	$557K	$299K	25x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.840%	$6K	$240K	12x	as long as short
Gate DOGE_USDT	+0.0039%	8h	0.09935	−0.141%	$252.6M	$145.5M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09974	+0.251%	$18K	$352K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09942	−0.070%	$826K	$6.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09943	−0.060%	$1K	$544K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09942	−0.065%	$515K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09948	−0.012%	$124.1M	$113.6M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09934	−0.151%	$5.0M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09936	−0.128%	$323K	$473K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09932	−0.170%	$328.1M	$1.69B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09925	−0.241%	$167.2M	$521.0M	75x	as long as short
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.09927	−0.221%	$116.5M	$1.17B	50x
Arcus DOGE-USD	+0.0100%	1h	0.09947	−0.020%	$17K	$307K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09946	−0.035%	$380K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09941	−0.080%	$112.9M	$254.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09942	−0.070%	$66.2M	$48.8M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09937	−0.121%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09949	0.000%	$308K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09958	+0.087%	$1.1M	$8.3M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09967	+0.180%	$264K	$138.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09969	+0.205%	$628K	$4.0M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09970	+0.211%	$142K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09944	−0.050%	$259K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09939	−0.101%	$71K	$451K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09942	−0.071%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09931	−0.181%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09947	−0.020%	$6.0M	$67.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09931	−0.181%	$90.7M	$16.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09935	−0.137%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09932	−0.173%	$483K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09938	−0.112%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09949	−0.004%	$458	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0203%	1h	0.09939	−0.105%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09943	−0.060%	$15.4M	$26.9M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0304%	1h	0.09969	+0.202%	$360K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09938	−0.111%	$2.2M	$35.3M	50x	as long as short
dYdX DOGE-USD	+0.0473%	1h	0.09939	−0.102%	$233K	$62K	10x	as long as short
RISEx DOGE/USDClong	+0.0565%	1h	0.09949	long leg	$404K	$450K	10x