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: dYdX against HTX−0.164%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$900.901% of the position

Long on HTX Short on dYdX

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)+0.125%+$13 · spread now −0.164%, 7d avg −0.038%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.126% cheaper against HTX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DOGE-USDT	0.09973	0.0100	pay 0.0100% / 8h	1h 45m	$5.9M	$69.2M	75x
Short	dYdX DOGE-USD	0.09957	0	get 0.0000% / 1h	45m 43s	$224K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against HTX. 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 HTXbpFee dYdXbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$21
Price spread: −0.164% → −0.038%: −$12.62
Slippage, 4 orders: −$68.14
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$123.76
Costs to cover: 0.901%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; dYdX: live order book, 63 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 HTX live order book, 3 min ago	0.05 bp	7.0 bp −$7	12.7 bp −$127	39.1 bp −$3,906	doesn't fit
Sell dYdX live order book, 63 min ago	23.51 bp	47.5 bp −$48	80.4 bp −$804	92.2 bp −$9,225	100.6 bp −$50.3K

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	0.09973	0.000%	$5.7M	$40.5M	50x	as long as short
Polymarket Perps DOGE-USD	−0.0005%	1h	0.09964	−0.097%	$266K	$1.2M	10x	as long as short
dYdX DOGE-USDshort	0.0000%	1h	0.09957	−0.164%	$224K	$69K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09974	+0.010%	$600K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09970	−0.034%	$34K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.581%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0076%	8h	0.09946	−0.275%	$141.8M	$344.2M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1002	+0.448%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09966	−0.070%	$850K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09969	−0.039%	$538K	$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	0.09960	−0.135%	$4.6M	$58.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09960	−0.134%	$319K	$500K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09960	−0.135%	$327.1M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09952	−0.215%	$164.6M	$520.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09955	−0.184%	$116.5M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	+0.166%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09950	−0.235%	$249.7M	$154.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09956	−0.174%	$110.1M	$257.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09963	−0.104%	$66.2M	$50.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09959	−0.144%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09975	+0.016%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09967	−0.067%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09979	+0.053%	$304K	$140.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1000	+0.281%	$640K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.267%	$150K	$337K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09973	−0.004%	$66K	$467K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09973	−0.007%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09977	+0.033%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09977	+0.036%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDTlong	+0.0100%	8h	0.09973	long leg	$5.9M	$69.2M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09972	−0.014%	$91.6M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09958	−0.159%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09952	−0.217%	$486K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09974	+0.006%	$19K	—	3x	as long as short
Hyperliquid DOGE	+0.0108%	1h	0.09970	−0.034%	$123.5M	$116.2M	10x	as long as short
Katana Perps DOGE-USD	+0.0109%	8h	0.09955	−0.184%	$832	$530K	10x	as long as short
Reya DOGERUSDPERP	+0.0196%	1h	0.09968	−0.056%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09975	+0.016%	$16.2M	$27.0M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09974	+0.006%	$1.9M	$34.6M	50x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.09959	−0.142%	$443	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09970	−0.030%	$314K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0282%	1h	0.09977	+0.036%	$572K	$252K	25x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.09954	−0.195%	$27K	$300K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.09960	−0.137%	$401K	$452K	10x	as long as short