Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.028%

Price spread now: Binance against Arcus−0.024%46s7-day average −0.011% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.270% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.024%, 7d avg −0.011%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DOGE-USD	0.09829	0.0100	pay 0.0013% / 1h	31m 48s	$16K	$306K	10x
Short	Binance DOGEUSDT	0.09827	0.0100	get 0.0100% / 8h	7h 31m	$325.3M	$1.71B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.011%: −$1.36
Slippage, 4 orders: −$12.53
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.39
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Arcus: live order book, 62 min ago; Binance: live order book, 12 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 Arcus live order book, 62 min ago	2.52 bp	7.6 bp −$8	24.2 bp −$242	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.50 bp	5.5 bp −$6	7.6 bp −$76	19.0 bp −$1,899	45.2 bp −$22.6K

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
Kraken Futures PF_DOGEUSD	−0.0097%	1h	0.09825	−0.043%	$5.4M	$40.6M	50x	as long as short
Bitget DOGEUSDT	−0.0014%	8h	0.09816	−0.132%	$139.2M	$346.6M	75x	as long as short
Gate DOGE_USDT	−0.0001%	8h	0.09824	−0.051%	$248.3M	$154.0M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09809	−0.200%	$537K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09819	−0.106%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.132%	$6K	$242K	12x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09885	+0.572%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09834	+0.052%	$820K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09822	−0.071%	$2K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09815	−0.137%	$531K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09829	+0.004%	$122.6M	$116.9M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09829	0.000%	$4.9M	$58.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09835	+0.060%	$319K	$484K	20x	as long as short
Binance DOGEUSDTshort	+0.0100%	8h	0.09827	−0.024%	$325.3M	$1.71B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09820	−0.092%	$162.5M	$520.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09822	−0.071%	$113.9M	$1.18B	50x	as long as short
Arcus DOGE-USDlong	+0.0100%	1h	0.09829	long leg	$16K	$306K	10x
Bulk DOGE-USD	+0.0100%	1h	0.09875	+0.468%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09828	−0.010%	$117.0M	$259.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09827	−0.020%	$65.8M	$49.3M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09823	−0.061%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09824	−0.051%	$298K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09876	+0.477%	$1.1M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09876	+0.473%	$300K	$139.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09875	+0.468%	$621K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09900	+0.722%	$141K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09822	−0.072%	$256K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09824	−0.051%	$70K	$465K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09878	+0.501%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09824	−0.054%	$34K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09822	−0.071%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09831	+0.020%	$5.9M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09827	−0.020%	$89.8M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09832	+0.034%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09820	−0.087%	$479K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09823	−0.060%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0127%	1h	0.09826	−0.026%	$557K	$295K	25x	as long as short
Reya DOGERUSDPERP	+0.0202%	1h	0.09813	−0.160%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09828	−0.010%	$1.9M	$34.6M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09830	+0.010%	$15.3M	$26.6M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09833	+0.038%	$453	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0207%	1h	0.09817	−0.117%	$295K	—	200x	as long as short
dYdX DOGE-USD	+0.0595%	1h	0.09834	+0.050%	$231K	$74K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09835	+0.057%	$395K	$449K	10x	as long as short