Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.033%

Price spread now: Binance against Deribit+0.027%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now +0.027%, 7d avg −0.001%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.028% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DOGE_USDC-PERPETUAL	0.09935	0	get 0.0000% / 1h	0m 09s	$621K	$106K	25x
Short	Binance DOGEUSDT	0.09938	0.0100	get 0.0100% / 8h	2h 00m	$314.5M	$1.27B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.027%Rate

Funding earned: $21
Price spread: +0.027% → −0.001%: $2.8
Slippage, 4 orders: −$10.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.4
Costs to cover: 0.272%
Break-even: 8.1 days

Slippage from Deribit: live order book, 24 min ago; Binance: live order book, 14 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 Deribit live order book, 24 min ago	3.01 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.50 bp	6.1 bp −$6	9.2 bp −$92	18.3 bp −$1,829	45.1 bp −$22.5K

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	−0.0275%	8h	0.09933	−0.024%	$152.2M	$261.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09929	−0.066%	$361K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUALlong	0.0000%	1h	0.09935	long leg	$621K	$106K	25x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09931	−0.040%	$32K	—	150x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09924	−0.117%	$15K	$225K	10x	as long as short
Gate DOGE_USDT	+0.0082%	8h	0.09936	+0.006%	$237.3M	$121.5M	75x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09929	−0.064%	$841	$347K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09939	+0.032%	$758K	$5.3M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09925	−0.100%	$618K	$704K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09935	−0.005%	$4.9M	$40.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09929	−0.059%	$334K	$496K	20x	as long as short
Binance DOGEUSDTshort	+0.0100%	8h	0.09938	+0.027%	$314.5M	$1.27B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09938	+0.026%	$158.9M	$399.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09943	+0.076%	$108.8M	$896.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09933	−0.024%	$28K	$76K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09940	+0.046%	$110.6M	$221.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09937	+0.016%	$65.3M	$39.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09935	−0.004%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09932	−0.033%	$939K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09951	+0.158%	$264K	$112.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09906	−0.297%	$628K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09900	−0.356%	$143K	$228K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09926	−0.091%	$271K	$529K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09933	−0.024%	$57K	$396K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09932	−0.032%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09938	+0.022%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09932	−0.034%	$2K	$3.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09932	−0.038%	$6.0M	$47.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09935	−0.004%	$92.1M	$19.0M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09939	+0.038%	$381K	$14K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09928	−0.078%	$18K	$5K	30x	as long as short
dYdX DOGE-USD	+0.0103%	1h	0.09927	−0.090%	$223K	$44K	10x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09930	−0.051%	$548K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09935	−0.009%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.09932	−0.037%	$524	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0175%	1h	0.09930	−0.050%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09938	+0.026%	$15.1M	$23.9M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09935	−0.004%	$2.0M	$22.6M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0247%	1h	0.09931	−0.049%	$317K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0256%	1h	0.09945	+0.097%	$525K	$932K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0288%	1h	0.09932	−0.032%	$5.9M	$31.9M	50x	as long as short
Hyperliquid DOGE	+0.0410%	1h	0.09945	+0.092%	$109.3M	$80.0M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09935	+0.001%	$312K	$474K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09960	+0.248%	$5K	$180K	12x	as long as short