Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.26 per $10,000 · paid last 24h +0.029%
Price spread now: Coinbase International against ApeX Omni+0.105%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$570.574% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.083%−$8 on $10k
Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.105%, 7d avg +0.002%
Together, before fees−0.177%−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.103% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni DOGEUSDT0.10460.0100pay 0.0013% / 1h44m 46s$164K$317K25x
ShortCoinbase International DOGE-PERP-INTX0.10470.0304get 0.0038% / 1h44m 46s$2.0M$32.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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

Funding earned
$42.84
Price spread: +0.105% → +0.002%
$10.31
Slippage, 4 orders
−$37.42
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$4.26
Costs to cover
0.574%
Break-even
7.7 days
Slippage from ApeX Omni: live order book, 8 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 8 min ago4.74 bp19.7 bp −$2054.1 bp −$541doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago2.39 bp10.6 bp −$1119.3 bp −$19366.5 bp −$6,654doesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX DOGE-USD0.0000%1h0.1047+0.125%$235K$70K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1047+0.097%$731K$6.1M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1048+0.231%$25K150xas long as short
Bitget DOGEUSDT+0.0009%8h0.1048+0.172%$141.9M$308.4M75xas long as short
Lighter DOGE+0.0096%1h0.1050+0.339%$749K$6.4M15xas long as short
Nado DOGE-PERP+0.0100%1h0.1048+0.167%$569K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1048+0.233%$5.0M$53.2M75xas long as short
Pacifica DOGE+0.0100%1h0.1048+0.169%$338K$510K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1048+0.220%$348.0M$1.57B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1048+0.182%$173.2M$486.8M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX DOGE-USDT-SWAP+0.0100%8h0.1048+0.172%$120.1M$1.15B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1047+0.061%$402K$11K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1048+0.153%$258.9M$141.7M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1048+0.191%$117.5M$239.9M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1049+0.258%$69.0M$47.3M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1047+0.067%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1049+0.249%$354K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.1044−0.175%$1.2M$8.4Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1045−0.072%$335K$134.5M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1043−0.249%$659K$4.5M10xas long as short
ApeX Omni DOGEUSDTlong+0.0100%1h0.1046long leg$164K$317K25x
Polymarket Perps DOGE-USD+0.0100%1h0.1048+0.163%$269K$889K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1049+0.268%$74K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1049+0.270%$26K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1050+0.337%$36K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1049+0.287%$2K$4.9M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1048+0.215%$6.2M$63.2M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1049+0.287%$96.5M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0104%8h0.1047+0.142%$19K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.1048+0.177%$505K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1049+0.300%$20K3xas long as short
Katana Perps DOGE-USD+0.0125%8h0.1047+0.048%$1K$485K10xas long as short
Reya DOGERUSDPERP+0.0191%1h0.1048+0.207%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1049+0.277%$16.3M$27.5M75xas long as short
Phoenix DOGE+0.0235%1h0.1045−0.128%$19K$292K10xas long as short
Kraken Futures PF_DOGEUSD+0.0240%1h0.1049+0.257%$5.6M$37.7M50xas long as short
01 Exchange DOGEUSD+0.0256%1h0.1048+0.192%$466$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0261% / S −0.0320%1h0.1048+0.188%$346K200xas long as short
Coinbase International DOGE-PERP-INTXshort+0.0304%1h0.1047+0.105%$2.0M$32.1M50x
Deribit DOGE_USDC-PERPETUAL+0.0437%1h0.1050+0.335%$591K$242K25xas long as short
Hyperliquid DOGE+0.0582%1h0.1049+0.277%$130.1M$107.4M10xas long as short
Arcus DOGE-USD+0.0634%1h0.1049+0.249%$113K$200K10xas long as short
RISEx DOGE/USDC+0.0728%1h0.1048+0.186%$423K$426K10xas long as short
Injective DOGE/USDC PERP+0.1062%1h0.1053+0.669%$6K$242K12xas long as short