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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.017%
Price spread now: Deribit against edgeX−0.105%75s7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.315% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.197%−$20 on $10k
Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.105%, 7d avg +0.024%
Together, before fees−0.040%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.129% cheaper against edgeX than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of +0.024%). If the spread goes back, that is −$13 on $10k: about 4.3 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.197%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX DOGEUSDC0.10010.0100pay 0.0050% / 4h1h 00m$304K$140.2M20x
ShortDeribit DOGE_USDC-PERPETUAL0.099960.0200get 0.0025% / 1h0m 10s$573K$252K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. 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
$21
Price spread: −0.105% → +0.024%
−$12.9
Slippage, 4 orders
−$15.49
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$23.39
Costs to cover
0.315%
Break-even
14.8 days
Slippage from edgeX: live order book, 4 min ago; Deribit: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 4 min ago2.00 bp6.5 bp −$66.9 bp −$6913.9 bp −$1,390doesn't fit
Sell Deribit live order book, 44 min ago4.51 bp9.5 bp −$9doesn't fitdoesn't fitdoesn't fit

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−0.0083%1h0.09993−0.136%$5.6M$40.6M50xas long as short
dYdX DOGE-USD0.0000%1h0.09972−0.349%$224K$69K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09984−0.227%$612K$6.6M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09991−0.151%$35K150xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+5.232%$6K$242K12xas long as short
Bitget DOGEUSDT+0.0036%8h0.09978−0.285%$141.5M$344.4M75xas long as short
Polymarket Perps DOGE-USD+0.0047%1h0.09985−0.215%$263K$1.2M10xas long as short
Phoenix DOGE+0.0080%1h0.1002+0.166%$18K$382K10xas long as short
Lighter DOGE+0.0096%1h0.09999−0.076%$847K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09993−0.135%$538K$1.1M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.09990−0.167%$4.6M$58.8M75xas long as short
Pacifica DOGE+0.0100%1h0.09978−0.287%$318K$501K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09990−0.167%$329.8M$1.72B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09983−0.235%$164.4M$522.2M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09987−0.195%$117.4M$1.21B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09979−0.273%$383K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09979−0.275%$249.6M$157.9M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09987−0.195%$112.2M$259.0M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09993−0.135%$66.8M$50.0M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09982−0.245%$53.4Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09989−0.175%$302K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09969−0.377%$1.1M$8.7Mas long as short
edgeX DOGEUSDClong+0.0100%4h0.1001long leg$304K$140.2M20x
GRVT DOGE_USDT_Perp+0.0100%8h0.1000−0.035%$631K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1002+0.135%$146K$341K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09991−0.155%$70K$470K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1000−0.041%$19K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09998−0.089%$34K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09993−0.135%$2K$5.4M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09992−0.148%$5.9M$69.1M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09994−0.125%$91.6M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09988−0.189%$18K$5K30xas long as short
Hyperliquid DOGE+0.0104%1h0.09989−0.171%$124.3M$117.0M10xas long as short
Extended DOGE-USD+0.0104%1h0.09989−0.177%$490K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09992−0.145%$19K3xas long as short
Katana Perps DOGE-USD+0.0107%8h0.09987−0.195%$2K$536K10xas long as short
Reya DOGERUSDPERP+0.0198%1h0.09990−0.162%$2K20xas long as short
Deribit DOGE_USDC-PERPETUALshort+0.0200%1h0.09996−0.105%$573K$252K25x
BloFin DOGE-USDT+0.0220%8h0.09979−0.275%$16.2M$27.1M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.09995−0.115%$1.9M$34.8M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0297%1h0.09992−0.145%$315K200xas long as short
01 Exchange DOGEUSD+0.0264%1h0.09997−0.093%$445$4K10xas long as short
Arcus DOGE-USD+0.0387%1h0.09990−0.165%$17K$308K10xas long as short
RISEx DOGE/USDC+0.0626%1h0.09998−0.080%$402K$458K10xas long as short