Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.023%

Price spread now: Katana Perps against Arcus−0.010%7-day average −0.029% · you buy dearer than you sell

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

Long on Arcus Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.010%, 7d avg −0.029%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DOGE-USD	0.1002	0.0231	pay 0.0029% / 1h	6m 05s	$27K	$300K	10x
Short	Katana Perps DOGE-USD	0.1002	0.0111	get 0.0111% / 8h	2h 06m	$1K	$527K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$25.3
Price spread: −0.010% → −0.029%: $1.88
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$31.72
Costs to cover: 0.083%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 38 min ago; Katana Perps: 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 Arcus live order book, 38 min ago	2.01 bp	7.9 bp −$8	16.6 bp −$166	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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 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
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	+0.059%	$599K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	+0.019%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.1002	−0.009%	$5.7M	$40.2M	50x	as long as short
dYdX DOGE-USD	+0.0026%	1h	0.1001	−0.117%	$225K	$69K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0042%	1h	0.1001	−0.050%	$269K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1003	+0.071%	$856K	$6.8M	15x	as long as short
Bitget DOGEUSDT	+0.0098%	8h	0.1001	−0.090%	$143.0M	$343.1M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	−0.065%	$540K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1002	+0.010%	$4.4M	$57.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	−0.078%	$320K	$514K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1002	+0.014%	$329.3M	$1.70B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.030%	$165.8M	$519.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	0.000%	$117.9M	$1.19B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09955	−0.641%	$382K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	0.000%	$248.7M	$155.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	+0.040%	$112.3M	$257.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	+0.020%	$66.6M	$49.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1002	+0.030%	—	$80.7M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	+0.040%	$315K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09997	−0.222%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09982	−0.365%	$313K	$139.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09997	−0.223%	$636K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.190%	$148K	$345K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	+0.040%	$64K	$478K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	+0.030%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.057%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	+0.030%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1002	+0.058%	$5.9M	$68.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	−0.020%	$92.0M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1001	−0.043%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	−0.053%	$487K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	+0.050%	$19K	—	3x	as long as short
Katana Perps DOGE-USDshort	+0.0111%	8h	0.1002	−0.010%	$1K	$527K	10x
Hyperliquid DOGE	+0.0115%	1h	0.1003	+0.120%	$124.2M	$116.2M	10x	as long as short
Reya DOGERUSDPERP	+0.0195%	1h	0.1002	−0.002%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.1003	+0.082%	$446	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0209%	1h	0.1003	+0.070%	$575K	$252K	25x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	−0.060%	$15.9M	$27.1M	75x	as long as short
Arcus DOGE-USDlong	+0.0231%	1h	0.1002	long leg	$27K	$300K	10x
Phoenix DOGE	+0.0240%	1h	0.1000	−0.169%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0294%	1h	0.1002	+0.016%	$316K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1002	+0.010%	$2.0M	$34.5M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.1003	+0.060%	$406K	$453K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.100%	$6K	$242K	12x	as long as short