Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against SoDEX−0.035%7-day average −0.019% · 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−$26as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on SoDEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.035%, 7d avg −0.019%

Together, before fees+0.038%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.1001	0.0100	pay 0.0013% / 1h	24m 03s	$2K	$4.0M	10x
Short	Nado DOGE-PERP	0.1001	0.0100	get 0.0012% / 1h	24m 03s	$527K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SoDEX. 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 SoDEXbpFee NadobpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.019%: −$1.61
Slippage, 4 orders: −$8.95
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.56
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; Nado: live order book, 4 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 SoDEX live order book, 5 min ago	0.50 bp	4.5 bp −$4	8.3 bp −$83	141.3 bp −$14.1K	doesn't fit
Sell Nado live order book, 4 min ago	0.50 bp	7.4 bp −$7	19.4 bp −$194	doesn't fit	doesn't fit

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 DOGEUSDT	−0.0041%	8h	0.09998	−0.140%	$151.2M	$276.4M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.1001	+0.008%	$5.7M	$35.6M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1001	+0.025%	$396K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1001	−0.070%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0017%	1h	0.1001	−0.058%	$225K	$49K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0090%	1h	0.1001	−0.006%	$598K	$119K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.038%	$734K	$6.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1002	+0.100%	$905	$454K	10x	as long as short
Nado DOGE-PERPshort	+0.0100%	1h	0.1001	−0.035%	$527K	$1.0M	10x
Aster DOGEUSDT	+0.0100%	8h	0.1001	−0.015%	$4.7M	$49.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1001	+0.022%	$325K	$483K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.025%	$323.2M	$1.47B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1001	−0.070%	$163.1M	$447.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.060%	$113.0M	$1.01B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.076%	$385K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1001	−0.060%	$246.6M	$134.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	0.000%	$112.0M	$235.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	0.000%	$66.2M	$43.7M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	+0.040%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	−0.060%	$321K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.036%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.102%	$300K	$130.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.027%	$638K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.080%	$146K	$287K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1001	+0.010%	$259K	$861K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	−0.010%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1001	−0.027%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	−0.017%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1001	long leg	$2K	$4.0M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.015%	$6.0M	$58.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	−0.010%	$92.1M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1001	−0.012%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1000	−0.096%	$498K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	−0.040%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0189%	1h	0.1000	−0.103%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.1003	+0.139%	$534	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	+0.110%	$15.5M	$25.4M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1004	+0.253%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0269%	1h	0.1000	−0.076%	$313K	—	200x	as long as short
Hyperliquid DOGE	+0.0270%	1h	0.1002	+0.080%	$122.0M	$101.1M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.1001	+0.010%	$2.3M	$27.3M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.1003	+0.220%	$109K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.1003	+0.168%	$405K	$414K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1007	+0.579%	$5K	$239K	12x	as long as short