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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h −0.025%
Price spread now: Nado against Backpack−0.498%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$380.377% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.010%−$1 on $10k
Price spread, last 3 days (all we have)+0.651%+$65 · spread now −0.498%, 7d avg −0.003%
Together, before fees+0.641%+ Points / potential airdropNado: Active · farm board+$64 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.495% cheaper against Backpack than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack DOGE_USDC_PERP0.10030.0100pay 0.0013% / 1h55m 27s$382K$1.1M15x
ShortNado DOGE-PERP0.099830.0100get 0.0012% / 1h55m 27s$512K$977K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Backpack. 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
$0
Price spread: −0.498% → −0.003%
−$49.54
Slippage, 4 orders
−$20.71
Fee Backpack: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$87.25
Costs to cover
0.377%
Break-even
never at this rate
Slippage from Backpack: live order book, 4 min ago; Nado: live order book, 18 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 Backpack live order book, 4 min ago0.50 bp6.8 bp −$713.8 bp −$138doesn't fitdoesn't fit
Sell Nado live order book, 18 min ago1.51 bp7.2 bp −$718.3 bp −$183doesn't fitdoesn'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
Phemex DOGEUSDT−0.1396%8h0.1002−0.140%$92.5M$19.1M50xas long as short
Gate DOGE_USDT−0.0248%8h0.09983−0.498%$241.7M$126.2M75xas long as short
Bitget DOGEUSDT−0.0204%8h0.09975−0.578%$152.4M$270.9M75xas long as short
Kraken Futures PF_DOGEUSD−0.0077%1h0.1002−0.080%$6.0M$33.7M50xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1001−0.185%$409K$4.8M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1001−0.191%$24K150xas long as short
dYdX DOGE-USD+0.0043%1h0.09995−0.381%$224K$44K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0089%1h0.1002−0.124%$603K$121K25xas long as short
Lighter DOGE+0.0096%1h0.1001−0.277%$858K$5.6M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.09986−0.468%$999$398K10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado DOGE-PERPshort+0.0100%1h0.09983−0.498%$512K$977K10x
Aster DOGEUSDT+0.0100%8h0.10000−0.329%$4.9M$46.4M75xas long as short
Pacifica DOGE+0.0100%1h0.1000−0.326%$333K$511K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09983−0.495%$317.7M$1.39B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09985−0.478%$157.6M$436.5M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09986−0.468%$110.3M$961.7M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09983−0.498%$28K$82K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09980−0.528%$382K$12K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.09999−0.339%$111.1M$222.3M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1001−0.239%$66.0M$42.3M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09986−0.468%$76.2Mas long as short
Backpack DOGE_USDC_PERPlong+0.0100%1h0.1003long leg$382K$1.1M15x
Variational Omni DOGE+0.0100%8h0.1002−0.148%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09996−0.373%$261K$121.3M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1001−0.272%$629K$4.6M10xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09981−0.523%$264K$567K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1002−0.159%$73K$446K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1002−0.163%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1002−0.100%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1002−0.100%$2K$3.7M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1002−0.130%$6.0M$52.2M75xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09986−0.471%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09987−0.462%$620K$3.9M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1001−0.189%$19K3xas long as short
01 Exchange DOGEUSD+0.0168%1h0.09980−0.532%$527$4K10xas long as short
Reya DOGERUSDPERP+0.0180%1h0.09976−0.568%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1000−0.329%$15.3M$25.4M75xas long as short
Phoenix DOGE+0.0239%1h0.1001−0.265%$67K$283K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.1002−0.090%$2.0M$24.5M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0244% / S −0.0263%1h0.1001−0.243%$309K200xas long as short
ApeX Omni DOGEUSDT+0.0539%1h0.1001−0.229%$147K$253K25xas long as short
RISEx DOGE/USDC+0.0701%1h0.09984−0.488%$316K$478K10xas long as short
Hyperliquid DOGE+0.0836%1h0.1002−0.136%$118.3M$91.3M10xas long as short
Injective DOGE/USDC PERP+0.0973%1h0.1002−0.130%$5K$239K12xas long as short