Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Arcus against Gate−0.111%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.111%, 7d avg +0.032%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.143% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DOGE_USDT	0.09895	0.0100	pay 0.0100% / 8h	7h 38m	$250.6M	$153.5M	75x
Short	Arcus DOGE-USD	0.09884	0.0100	get 0.0013% / 1h	38m 13s	$16K	$306K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → +0.032%: −$14.34
Slippage, 4 orders: −$17.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$51.5
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Arcus: live order book, 56 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 Gate live order book, 6 min ago	0.50 bp	10.2 bp −$10	17.7 bp −$177	33.5 bp −$3,352	52.8 bp −$26.4K
Sell Arcus live order book, 56 min ago	2.52 bp	8.4 bp −$8	20.1 bp −$201	doesn't fit	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	−0.0096%	1h	0.09896	+0.008%	$5.5M	$40.6M	50x	as long as short
Bitget DOGEUSDT	−0.0012%	8h	0.09898	+0.030%	$140.6M	$346.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09888	−0.074%	$553K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09888	−0.072%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.417%	$6K	$242K	12x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09902	+0.075%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09902	+0.074%	$826K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09883	−0.121%	$1K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09880	−0.152%	$535K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09909	+0.138%	$123.7M	$116.7M	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	0.09891	−0.036%	$4.9M	$58.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09873	−0.221%	$320K	$484K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09893	−0.020%	$327.4M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09895	0.000%	$163.8M	$520.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09901	+0.061%	$115.5M	$1.19B	50x	as long as short
Arcus DOGE-USDshort	+0.0100%	1h	0.09884	−0.111%	$16K	$306K	10x
Bulk DOGE-USD	+0.0100%	1h	0.09875	−0.202%	$377K	$2K	10x	as long as short
Gate DOGE_USDTlong	+0.0100%	8h	0.09895	long leg	$250.6M	$153.5M	75x
MEXC DOGE_USDT	+0.0100%	8h	0.09901	+0.061%	$118.3M	$258.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09893	−0.020%	$66.3M	$49.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09890	−0.051%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09906	+0.111%	$302K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09878	−0.173%	$1.1M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09885	−0.099%	$300K	$139.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09890	−0.051%	$621K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09890	−0.051%	$141K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09887	−0.081%	$257K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09888	−0.071%	$71K	$465K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09881	−0.137%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09886	−0.093%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09894	−0.010%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09896	+0.006%	$5.8M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09894	−0.010%	$90.4M	$16.5M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09869	−0.258%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09889	−0.061%	$481K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09893	−0.023%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0134%	1h	0.09898	+0.028%	$561K	$294K	25x	as long as short
Reya DOGERUSDPERP	+0.0202%	1h	0.09885	−0.098%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09889	−0.061%	$1.9M	$34.8M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09879	−0.162%	$15.5M	$26.7M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09888	−0.073%	$455	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0238% / S −0.0213%	1h	0.09888	−0.072%	$304K	—	200x	as long as short
dYdX DOGE-USD	+0.0614%	1h	0.09878	−0.175%	$231K	$73K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09888	−0.076%	$398K	$448K	10x	as long as short