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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.024%
Price spread now: Reya against Derive−0.085%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Funding pays, the price is against you. Reya is 0.085% cheaper against Derive than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive DOGE-PERP0.099060.0100pay 0.0013% / 1h35m 49s$18K$7K10x
ShortReya DOGERUSDPERP0.098980.0199get 0.0025% / 1h35m 49s$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Derive. 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
$20.84
Price spread: −0.085% → 0.000%
−$8.53
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Reya: 3 bp × 2 orders
−$6
Net
$0.31
Costs to cover
0.120%
Break-even
6.9 days
Slippage unknown: Derive: no order-book sample; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell Reya no order-book sample
Derive and Reya: 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 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
Kraken Futures PF_DOGEUSD−0.0060%1h0.09904−0.023%$5.6M$40.8M50xas long as short
dYdX DOGE-USD0.0000%1h0.09901−0.059%$222K$69K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09907+0.004%$579K$6.6M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09902−0.046%$35K150xas long as short
Bitget DOGEUSDT+0.0019%8h0.09899−0.075%$140.2M$347.5M75xas long as short
Polymarket Perps DOGE-USD+0.0025%1h0.09895−0.119%$257K$1.2M10xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+6.295%$6K$242K12xas long as short
Lighter DOGE+0.0096%1h0.09911+0.048%$832K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09895−0.120%$535K$1.1M10xas long as short
Hyperliquid DOGE+0.0100%1h0.09910+0.034%$123.3M$117.2M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.09906−0.004%$4.5M$59.0M75xas long as short
Pacifica DOGE+0.0100%1h0.09904−0.028%$317K$504K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09907+0.004%$327.1M$1.72B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09901−0.055%$164.1M$525.5M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09905−0.014%$115.3M$1.20B50xas long as short
Arcus DOGE-USD+0.0100%1h0.09895−0.115%$17K$308K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09910+0.036%$381K$15K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09902−0.044%$248.2M$156.8M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09908+0.016%$116.9M$258.6M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09907+0.006%$65.9M$49.9M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09906−0.004%$53.3Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09903−0.034%$300K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09895−0.119%$1.0M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09924+0.174%$301K$139.8M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09929+0.223%$625K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09970+0.642%$143K$344K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09903−0.034%$71K$471K50xas long as short
Derive DOGE-PERPlong+0.0100%1h0.09906long leg$18K$7K10x
SunX DOGE-USDT+0.0100%8h0.09905−0.012%$35K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09902−0.044%$2K$5.5M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09903−0.031%$5.9M$69.1M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09905−0.014%$90.7M$16.8M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09898−0.090%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09904−0.022%$485K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09904−0.024%$19K3xas long as short
Katana Perps DOGE-USD+0.0107%8h0.09896−0.105%$827$540K10xas long as short
Phoenix DOGE+0.0160%1h0.09978+0.723%$18K$382K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0174%1h0.09908+0.015%$568K$252K25xas long as short
Reya DOGERUSDPERPshort+0.0199%1h0.09898−0.085%$2K20x
Coinbase International DOGE-PERP-INTX+0.0216%1h0.09909+0.026%$1.9M$34.9M50xas long as short
BloFin DOGE-USDT+0.0220%8h0.09909+0.026%$15.3M$26.9M75xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0297%1h0.09903−0.039%$312K200xas long as short
01 Exchange DOGEUSD+0.0264%1h0.09900−0.066%$440$4K10xas long as short
RISEx DOGE/USDC+0.0731%1h0.09902−0.044%$403K$462K10xas long as short