Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against SoDEX−0.020%7-day average −0.011% · you buy dearer than you sell

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

Long on SoDEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.020%, 7d avg −0.011%

Together, before fees+0.006%+$1 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	0.09801	0.0100	pay 0.0013% / 1h	9m 54s	$2K	$5.2M	10x
Short	Orderly PERP_DOGE_USDC	0.09799	0.0100	get 0.0100% / 8h	4h 09m	$67K	$403K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.011%: −$0.9
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.9
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 2 min ago; Orderly: 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 SoDEX live order book, 2 min ago	1.02 bp	5.2 bp −$5	8.7 bp −$87	150.2 bp −$15.0K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 exchanges

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	−0.0080%	1h	0.09803	+0.020%	$5.3M	$38.5M	50x	as long as short
Bitget DOGEUSDT	−0.0056%	8h	0.09812	+0.112%	$138.6M	$288.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09802	+0.009%	$500K	$6.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09801	−0.003%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.438%	$6K	$240K	12x	as long as short
Bybit DOGEUSDT	+0.0034%	8h	0.09815	+0.143%	$165.1M	$490.5M	75x	as long as short
dYdX DOGE-USD	+0.0044%	1h	0.09802	+0.015%	$230K	$75K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0046%	1h	0.09803	+0.023%	$546K	$292K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09809	+0.080%	$797K	$6.3M	15x	as long as short
Gate DOGE_USDT	+0.0097%	8h	0.09814	+0.133%	$252.7M	$145.4M	75x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps DOGE-USD	+0.0100%	8h	0.09800	−0.010%	$938	$528K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09802	+0.011%	$18K	$5K	30x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09803	+0.026%	$510K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09811	+0.100%	$121.5M	$106.3M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09818	+0.173%	$5.0M	$57.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09808	+0.067%	$306K	$449K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09817	+0.167%	$323.9M	$1.59B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09820	+0.194%	$116.5M	$1.09B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09806	+0.051%	$16K	$308K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09816	+0.153%	$122.1M	$255.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09817	+0.163%	$64.4M	$44.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09817	+0.163%	—	$45.9M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09803	+0.020%	$308K	$1.0M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09797	−0.043%	$1.2M	$7.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09815	+0.143%	$256K	$123.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09815	+0.147%	$628K	$3.9M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09820	+0.194%	$138K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09798	−0.031%	$194K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDCshort	+0.0100%	8h	0.09799	−0.020%	$67K	$403K	50x
Derive DOGE-PERP	+0.0100%	1h	0.09798	−0.026%	$18K	$6K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09805	+0.043%	$34K	$1.9M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.09801	long leg	$2K	$5.2M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09805	+0.039%	$6.0M	$64.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09803	+0.020%	$89.0M	$15.7M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09815	+0.143%	$375K	$3K	10x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09812	+0.113%	$499K	$3.2M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09800	−0.011%	$19K	—	3x	as long as short
Phoenix DOGE	+0.0163%	1h	0.09818	+0.177%	$18K	$306K	10x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09806	+0.047%	$451	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0206% / S −0.0201%	1h	0.09800	−0.006%	$277K	—	200x	as long as short
Reya DOGERUSDPERP	+0.0211%	1h	0.09797	−0.038%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09808	+0.071%	$15.3M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09811	+0.102%	$2.3M	$32.7M	50x	as long as short
RISEx DOGE/USDC	+0.0631%	1h	0.09807	+0.066%	$405K	$382K	10x	as long as short