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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h −0.053%
Price spread now: Deribit against BloFin+0.160%57s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$340.345% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.370%−$37 on $10k
Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.160%, 7d avg −0.011%
Together, before fees−0.500%−$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.171% dearer against BloFin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.370%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin DOGE-USDT0.10010.0220pay 0.0220% / 8h1h 10m$16.3M$27.1M75x
ShortDeribit DOGE_USDC-PERPETUAL0.10030.0369get 0.0046% / 1h10m 23s$575K$252K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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
$31.29
Price spread: +0.160% → −0.011%
$17.07
Slippage, 4 orders
−$15.5
Fee BloFin: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$13.86
Costs to cover
0.345%
Break-even
3.9 days
Slippage from BloFin: live order book, 4 min ago; Deribit: live order book, 33 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 BloFin live order book, 4 min ago2.00 bp8.0 bp −$89.5 bp −$9520.7 bp −$2,07140.1 bp −$20.1K
Sell Deribit live order book, 33 min ago4.51 bp9.5 bp −$9doesn't fitdoesn't fitdoesn't fit

DOGE on 43 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
Kraken Futures PF_DOGEUSD−0.0082%1h0.1002+0.132%$5.7M$40.5M50xas long as short
dYdX DOGE-USD0.0000%1h0.1001−0.029%$225K$69K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1002+0.072%$613K$6.6M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1001+0.045%$36K150xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+5.195%$6K$242K12xas long as short
Bitget DOGEUSDT+0.0045%8h0.1001+0.030%$142.1M$344.1M75xas long as short
Polymarket Perps DOGE-USD+0.0051%1h0.1001−0.030%$263K$1.2M10xas long as short
Phoenix DOGE+0.0080%1h0.1001−0.040%$18K$382K10xas long as short
Lighter DOGE+0.0096%1h0.1003+0.188%$850K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.1001−0.010%$540K$1.1M10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.1001+0.045%$4.6M$58.7M75xas long as short
Pacifica DOGE+0.0100%1h0.1001+0.034%$319K$501K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1002+0.061%$330.6M$1.72B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1002+0.090%$165.2M$521.1M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1002+0.120%$117.4M$1.21B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1001−0.033%$384K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1001+0.040%$250.5M$157.5M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1001+0.040%$112.2M$258.5M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1001+0.030%$66.8M$49.9M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1002+0.090%$53.2Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.10010.000%$303K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.1000−0.093%$1.1M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09993−0.172%$303K$140.0M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09994−0.157%$630K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09990−0.200%$148K$340K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1002+0.110%$70K$470K50xas long as short
SunX DOGE-USDT+0.0100%8h0.1002+0.114%$35K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1002+0.120%$2K$5.4M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1002+0.100%$5.9M$69.0M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1002+0.120%$91.9M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1001−0.008%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1002+0.066%$488K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1002+0.113%$19K3xas long as short
Katana Perps DOGE-USD+0.0108%8h0.1001+0.010%$1K$536K10xas long as short
Hyperliquid DOGE+0.0134%1h0.1002+0.070%$124.5M$116.7M10xas long as short
Reya DOGERUSDPERP+0.0198%1h0.1000−0.063%$2K20xas long as short
BloFin DOGE-USDTlong+0.0220%8h0.1001long leg$16.3M$27.1M75x
Coinbase International DOGE-PERP-INTX+0.0240%1h0.1003+0.160%$1.9M$34.8M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0297%1h0.1001+0.037%$315K200xas long as short
01 Exchange DOGEUSD+0.0264%1h0.1002+0.085%$446$4K10xas long as short
Deribit DOGE_USDC-PERPETUALshort+0.0369%1h0.1003+0.160%$575K$252K25x
Arcus DOGE-USD+0.0387%1h0.1001−0.020%$17K$308K10xas long as short
RISEx DOGE/USDC+0.0626%1h0.1002+0.068%$403K$458K10xas long as short