Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against SoDEX+0.030%7-day average −0.013% · 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−$17as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on SoDEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.030%, 7d avg −0.013%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.043% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.1007	0.0100	pay 0.0013% / 1h	35m 07s	$2K	$3.8M	10x
Short	OKX DOGE-USDT-SWAP	0.1007	0.0100	get 0.0100% / 8h	7h 35m	$110.5M	$970.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.013%: $4.32
Slippage, 4 orders: −$3.39
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$17.07
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; OKX: 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, 4 min ago	0.50 bp	4.6 bp −$5	8.3 bp −$83	132.6 bp −$13.3K	doesn't fit
Sell OKX live order book, 4 min ago	0.50 bp	6.8 bp −$7	9.6 bp −$96	18.5 bp −$1,853	45.8 bp −$22.9K

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
Phemex DOGEUSDT	−0.0250%	8h	0.1007	−0.010%	$93.0M	$18.0M	50x	as long as short
Bitget DOGEUSDT	−0.0188%	8h	0.1007	−0.030%	$153.3M	$270.7M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1007	+0.005%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	+0.018%	$400K	$4.8M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1007	−0.004%	$606K	$121K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1006	−0.070%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0023%	1h	0.1008	+0.103%	$226K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1008	+0.109%	$787K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1006	−0.060%	$2K	$406K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	−0.070%	$517K	$973K	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	0.1007	−0.035%	$5.0M	$46.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1009	+0.201%	$336K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1007	+0.031%	$320.6M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	+0.050%	$159.8M	$437.7M	75x	as long as short
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.1007	+0.030%	$110.5M	$970.2M	50x
Arcus DOGE-USD	+0.0100%	1h	0.1008	+0.050%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−0.183%	$385K	$9K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1007	+0.010%	$244.5M	$128.9M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1007	+0.040%	$113.9M	$224.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1007	+0.020%	$65.9M	$42.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1007	+0.040%	—	$76.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1008	+0.050%	$369K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.347%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1007	+0.034%	$265K	$122.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	−0.120%	$637K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1010	+0.298%	$148K	$267K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	−0.119%	$264K	$553K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1007	−0.030%	$73K	$428K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1007	−0.015%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1007	+0.046%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1007	long leg	$2K	$3.8M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1006	−0.089%	$6.0M	$52.4M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1009	+0.179%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1006	−0.050%	$532K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1007	−0.033%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1006	−0.096%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1007	+0.029%	$532	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1008	+0.060%	$15.3M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1007	+0.030%	$2.0M	$24.9M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1010	+0.271%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.1006	−0.092%	$310K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1007	+0.045%	$319K	$478K	10x	as long as short
Hyperliquid DOGE	+0.0852%	1h	0.1009	+0.169%	$122.0M	$93.5M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1014	+0.695%	$5K	$239K	12x	as long as short