Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.033%

Price spread now: Deribit against Aster−0.018%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.018%, 7d avg +0.012%

Together, before fees−0.130%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.030% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DOGEUSDT	0.1005	0.0100	pay 0.0100% / 8h	1h 18m	$5.0M	$43.8M	75x
Short	Deribit DOGE_USDC-PERPETUAL	0.1004	0	get 0.0000% / 1h	18m 26s	$608K	$109K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$21
Price spread: −0.018% → +0.012%: −$2.99
Slippage, 4 orders: −$10.53
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$49.53
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Deribit: live order book, 65 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 Aster live order book, 6 min ago	0.50 bp	4.5 bp −$4	4.9 bp −$49	12.3 bp −$1,228	doesn't fit
Sell Deribit live order book, 65 min ago	3.01 bp	7.1 bp −$7	100.7 bp −$1,007	doesn't fit	doesn't fit

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
Bitget DOGEUSDT	−0.0262%	8h	0.1003	−0.113%	$153.2M	$266.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	−0.017%	$419K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUALshort	0.0000%	1h	0.1004	−0.018%	$608K	$109K	25x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1004	−0.032%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1004	−0.025%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1009	+0.408%	$67K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1005	+0.039%	$792K	$5.4M	15x	as long as short
Gate DOGE_USDT	+0.0096%	8h	0.1004	−0.053%	$241.9M	$124.4M	75x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1004	−0.083%	$838	$371K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1005	+0.007%	$570K	$861K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDTlong	+0.0100%	8h	0.1005	long leg	$5.0M	$43.8M	75x
Pacifica DOGE	+0.0100%	1h	0.1005	+0.010%	$335K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1004	−0.020%	$319.9M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1004	−0.053%	$159.2M	$421.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1004	−0.023%	$109.4M	$931.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	+0.017%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.169%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1004	−0.013%	$112.2M	$217.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1004	−0.023%	$66.1M	$41.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1004	−0.043%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.258%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	+0.317%	$276K	$116.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1008	+0.305%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1009	+0.445%	$148K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	−0.063%	$268K	$542K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1004	−0.043%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1004	−0.052%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1005	+0.045%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1004	−0.033%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1004	−0.036%	$6.0M	$50.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1004	−0.013%	$93.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	−0.011%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1004	−0.038%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	−0.014%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1004	−0.052%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1004	−0.052%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1005	+0.076%	$2.0M	$23.6M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1005	+0.017%	$15.3M	$24.9M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0222%	1h	0.1005	+0.028%	$340K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1004	−0.034%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0409%	1h	0.1005	+0.007%	$537K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0453%	1h	0.1006	+0.096%	$111.7M	$83.2M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1005	+0.017%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1006	+0.146%	$5K	$223K	12x	as long as short