Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.003%

Price spread now: OKX against dYdX−0.004%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

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

costs, in and out, $10k−$920.919% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.004%, 7d avg −0.003%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, 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	0.09936	0	get 0.0000% / 1h	28m 17s	$223K	$49K	10x
Short	OKX DOGE-USDT-SWAP	0.09936	0.0100	get 0.0100% / 8h	5h 28m	$111.1M	$984.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $21
Price spread: −0.004% → −0.003%: −$0.14
Slippage, 4 orders: −$71.88
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$71.02
Costs to cover: 0.919%
Break-even: 30.7 days

Slippage from dYdX: live order book, 36 min ago; OKX: live order book, 6 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, 36 min ago	33.36 bp	40.8 bp −$41	123.6 bp −$1,236	172.1 bp −$17.2K	181.7 bp −$90.9K
Sell OKX live order book, 6 min ago	0.50 bp	5.9 bp −$6	8.4 bp −$84	18.7 bp −$1,865	40.3 bp −$20.1K

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	−0.0088%	8h	0.09930	−0.065%	$150.3M	$273.5M	75x	as long as short
dYdX DOGE-USDlong	0.0000%	1h	0.09936	long leg	$223K	$49K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09972	+0.361%	$443K	$5.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09935	−0.016%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0072%	1h	0.09937	+0.005%	$594K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09947	+0.106%	$773K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09940	+0.036%	$994	$444K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09939	+0.031%	$530K	$993K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09942	+0.052%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09944	+0.076%	$327K	$483K	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	0.09937	+0.008%	$318.6M	$1.44B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09933	−0.034%	$160.1M	$442.0M	75x	as long as short
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.09936	−0.004%	$111.1M	$984.6M	50x
Bulk DOGE-USD	+0.0100%	1h	0.09985	+0.487%	$383K	$2K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09933	−0.034%	$241.8M	$132.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09940	+0.036%	$111.7M	$230.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09938	+0.016%	$65.8M	$43.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09935	−0.014%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09939	+0.026%	$327K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09990	+0.544%	$989K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09969	+0.326%	$297K	$130.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09994	+0.577%	$633K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09990	+0.539%	$146K	$278K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09932	−0.048%	$253K	$734K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09933	−0.034%	$70K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09931	−0.052%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09938	+0.015%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09938	+0.016%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09938	+0.016%	$5.9M	$56.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09945	+0.086%	$91.5M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.09939	+0.028%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09933	−0.032%	$499K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09936	−0.004%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0187%	1h	0.09938	+0.019%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09940	+0.037%	$530	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09945	+0.086%	$15.6M	$25.1M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09961	+0.244%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09936	−0.006%	$309K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09942	+0.056%	$2.3M	$26.1M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0308%	1h	0.09936	−0.003%	$5.7M	$35.1M	50x	as long as short
Hyperliquid DOGE	+0.0485%	1h	0.09949	+0.125%	$121.6M	$99.8M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09942	+0.055%	$400K	$366K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09950	+0.137%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1002	+0.841%	$5K	$239K	12x	as long as short