Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.013%

Price spread now: HTX against dYdX+0.032%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.032%, 7d avg +0.038%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.09985	0	get 0.0000% / 1h	51m 51s	$224K	$69K	10x
Short	HTX DOGE-USDT	0.09988	0.0100	get 0.0100% / 8h	1h 51m	$5.9M	$68.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $21
Price spread: +0.032% → +0.038%: −$0.67
Slippage, 4 orders: −$69.31
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$70.99
Costs to cover: 0.913%
Break-even: 30.7 days

Slippage from dYdX: live order book, 57 min ago; HTX: live order book, 2 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 dYdX live order book, 57 min ago	23.51 bp	28.5 bp −$29	59.9 bp −$599	70.4 bp −$7,038	74.6 bp −$37.3K
Sell HTX live order book, 2 min ago	0.70 bp	7.7 bp −$8	11.6 bp −$116	34.8 bp −$3,475	doesn't fit

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
Kraken Futures PF_DOGEUSD	−0.0083%	1h	0.09994	+0.087%	$5.7M	$40.4M	50x	as long as short
Polymarket Perps DOGE-USD	−0.0034%	1h	0.09979	−0.058%	$268K	$1.2M	10x	as long as short
dYdX DOGE-USDlong	0.0000%	1h	0.09985	long leg	$224K	$69K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09994	+0.087%	$595K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09990	+0.045%	$34K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.457%	$6K	$242K	12x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1001	+0.203%	$18K	$382K	10x	as long as short
Bitget DOGEUSDT	+0.0083%	8h	0.09973	−0.122%	$142.2M	$343.9M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1000	+0.149%	$853K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09981	−0.047%	$539K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09981	−0.042%	$4.5M	$58.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09991	+0.059%	$320K	$501K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09981	−0.038%	$327.8M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09978	−0.072%	$165.2M	$520.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09982	−0.032%	$117.1M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	+0.049%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09976	−0.092%	$250.3M	$153.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09982	−0.032%	$110.5M	$257.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09981	−0.042%	$66.4M	$50.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09982	−0.032%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09990	+0.049%	$321K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09992	+0.066%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09998	+0.125%	$313K	$140.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09999	+0.139%	$639K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1001	+0.249%	$150K	$337K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09994	+0.089%	$66K	$467K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09992	+0.068%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09994	+0.086%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09994	+0.089%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.09988	+0.032%	$5.9M	$68.9M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09993	+0.079%	$91.8M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09990	+0.046%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09977	−0.079%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09992	+0.069%	$19K	—	3x	as long as short
Hyperliquid DOGE	+0.0107%	1h	0.09998	+0.128%	$123.9M	$116.2M	10x	as long as short
Katana Perps DOGE-USD	+0.0110%	8h	0.09988	+0.029%	$834	$530K	10x	as long as short
Reya DOGERUSDPERP	+0.0196%	1h	0.09984	−0.013%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09985	−0.002%	$16.3M	$27.0M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09987	+0.019%	$2.0M	$34.5M	50x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.09992	+0.074%	$444	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0294%	1h	0.09989	+0.034%	$315K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0321%	1h	0.09997	+0.116%	$574K	$252K	25x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.09991	+0.059%	$27K	$300K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.09994	+0.087%	$402K	$456K	10x	as long as short