Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Derive against Binance−0.001%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DOGEUSDT	0.09967	0.0100	pay 0.0100% / 8h	5h 58m	$317.8M	$1.43B	75x
Short	Derive DOGE-PERP	0.09966	0.0100	get 0.0013% / 1h	58m 15s	$24K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Binance. 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 BinancebpFee DerivebpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → 0.000%: −$0.11
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$16.11
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 16 min ago; Derive: 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 Binance live order book, 16 min ago	0.50 bp	5.5 bp −$6	7.6 bp −$76	19.2 bp −$1,916	41.5 bp −$20.8K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 43 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	−0.0093%	8h	0.09961	−0.056%	$150.8M	$273.2M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09975	+0.080%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09978	+0.111%	$394K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09965	−0.019%	$23K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09978	+0.113%	$811K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09974	+0.075%	$834	$429K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09964	−0.031%	$531K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09967	+0.002%	$4.6M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09977	+0.104%	$328K	$482K	20x	as long as short
Binance DOGEUSDTlong	+0.0100%	8h	0.09967	long leg	$317.8M	$1.43B	75x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09953	−0.136%	$159.2M	$436.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09954	−0.126%	$110.9M	$978.9M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.494%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09965	−0.016%	$241.9M	$130.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09965	−0.016%	$113.4M	$228.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09977	+0.105%	$66.0M	$43.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09966	−0.006%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09979	+0.125%	$334K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09973	+0.062%	$995K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09978	+0.114%	$295K	$129.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09982	+0.150%	$627K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	+0.135%	$146K	$273K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09972	+0.054%	$256K	$695K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09966	−0.006%	$70K	$440K	50x	as long as short
Derive DOGE-PERPshort	+0.0100%	1h	0.09966	−0.001%	$24K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.09969	+0.028%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09969	+0.024%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09960	−0.071%	$5.9M	$55.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09960	−0.066%	$91.7M	$16.9M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09966	−0.009%	$560K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09965	−0.017%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0106%	8h	0.09977	+0.107%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0141%	1h	0.09969	+0.023%	$596K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0185%	1h	0.09966	−0.003%	$2K	—	20x	as long as short
Phoenix DOGE	+0.0241%	1h	0.1000	+0.338%	$65K	$281K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09963	−0.033%	$310K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09973	+0.064%	$2.3M	$25.7M	50x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.09981	+0.143%	$532	$4K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0307%	1h	0.09966	−0.002%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0405%	1h	0.09976	+0.098%	$121.3M	$99.5M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09982	+0.150%	$402K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09988	+0.215%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1001	+0.436%	$5K	$239K	12x	as long as short