Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.009%

Price spread now: Katana Perps against dYdX−0.017%7-day average −0.006% · you buy dearer than you sell

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

Long on dYdX Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.017%, 7d avg −0.006%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, 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	0.09983	0	get 0.0000% / 1h	47m 06s	$224K	$70K	10x
Short	Katana Perps DOGE-USD	0.09981	0.0114	get 0.0114% / 8h	2h 47m	$1K	$517K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.017%Rate

Funding earned: $23.9
Price spread: −0.017% → −0.006%: −$1.09
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $9.01
Costs to cover: 0.138%
Break-even: 4.4 days

Slippage unknown: dYdX: live order book, 2 min ago; Katana Perps: 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 dYdX live order book, 2 min ago	23.51 bp	28.5 bp −$29	59.9 bp −$599	70.4 bp −$7,038	74.6 bp −$37.3K
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX DOGE-USDlong	0.0000%	1h	0.09983	long leg	$224K	$70K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09985	+0.023%	$646K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09975	−0.078%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09977	−0.062%	$5.5M	$39.6M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0010%	1h	0.09973	−0.101%	$266K	$1.2M	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0051%	1h	0.09978	−0.051%	$567K	$248K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09982	−0.012%	$740K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09978	−0.042%	$540K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09978	−0.046%	$4.5M	$56.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09986	+0.036%	$320K	$516K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09978	−0.047%	$325.3M	$1.66B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09975	−0.077%	$162.5M	$512.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09978	−0.047%	$114.9M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1000	+0.177%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09972	−0.107%	$245.9M	$149.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09977	−0.057%	$114.2M	$250.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09977	−0.057%	$66.3M	$49.2M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09975	−0.077%	$131.8M	$325.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09976	−0.067%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09976	−0.067%	$309K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1000	+0.201%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09977	−0.060%	$312K	$138.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.246%	$633K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.173%	$148K	$337K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09976	−0.067%	$64K	$464K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09972	−0.103%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09981	−0.016%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09975	−0.077%	$2K	$5.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09975	−0.075%	$5.9M	$67.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09977	−0.057%	$91.8M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09983	+0.008%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09970	−0.124%	$480K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09974	−0.087%	$19K	—	3x	as long as short
Katana Perps DOGE-USDshort	+0.0114%	8h	0.09981	−0.017%	$1K	$517K	10x
Hyperliquid DOGE	+0.0117%	1h	0.09982	−0.003%	$124.5M	$114.1M	10x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09985	+0.022%	$444	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0194%	1h	0.09976	−0.070%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09979	−0.037%	$16.0M	$26.9M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.09992	+0.093%	$108K	$207K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09981	−0.015%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0251% / S −0.0288%	1h	0.09975	−0.079%	$322K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09978	−0.047%	$2.0M	$33.8M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.09988	+0.050%	$403K	$439K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.482%	$6K	$242K	12x	as long as short