Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against Katana Perps+0.085%7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.085% dearer against Katana Perps than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps DOGE-USD	0.09876	0.0099	pay 0.0099% / 8h	6h 35m	$825	$433K	10x
Short	gTrade (Gains Network) DOGE/USD	0.09884	L +0.0001% / S 0.0000%	get 0.0000% / 1h	35m 43s	$23K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Katana Perps. 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 Katana PerpsbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.085%Rate

Funding earned: −$20.69
Price spread: +0.085% → 0.000%: $8.53
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$25.96
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; gTrade (Gains Network): 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 Katana Perps no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Katana Perps and gTrade (Gains Network): 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
Bitget DOGEUSDT	−0.0127%	8h	0.09877	+0.010%	$149.8M	$273.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09894	+0.178%	$388K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USDshort	L +0.0001% / S 0.0000%	1h	0.09884	+0.085%	$23K	—	150x
dYdX DOGE-USD	+0.0023%	1h	0.09882	+0.060%	$222K	$51K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0067%	1h	0.09882	+0.060%	$5.8M	$34.2M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09890	+0.144%	$768K	$6.0M	15x	as long as short
Katana Perps DOGE-USDlong	+0.0099%	8h	0.09876	long leg	$825	$433K	10x
Nado DOGE-PERP	+0.0100%	1h	0.09872	−0.035%	$481K	$980K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09887	+0.111%	$4.6M	$48.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09888	+0.118%	$326K	$504K	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	0.09885	+0.091%	$313.3M	$1.44B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09882	+0.061%	$156.5M	$445.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09883	+0.071%	$108.9M	$974.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09891	+0.152%	$127K	$182K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09870	−0.061%	$378K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09882	+0.061%	$240.3M	$131.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09887	+0.111%	$109.2M	$228.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09888	+0.122%	$65.4M	$43.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09881	+0.051%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09888	+0.122%	$342K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09884	+0.081%	$973K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09843	−0.335%	$270K	$127.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09848	−0.279%	$618K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09850	−0.263%	$144K	$276K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09878	+0.016%	$254K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09888	+0.122%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09886	+0.101%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09888	+0.122%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09888	+0.122%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09890	+0.141%	$5.9M	$54.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09886	+0.101%	$91.2M	$17.4M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09887	+0.112%	$521K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09887	+0.111%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0114%	8h	0.09874	−0.020%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0184%	1h	0.09880	+0.044%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09882	+0.062%	$527	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0185%	1h	0.09889	+0.137%	$591K	$119K	25x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09978	+1.033%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09877	+0.010%	$2.0M	$24.9M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09865	−0.112%	$64K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09881	+0.047%	$308K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09886	+0.098%	$318K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0695%	1h	0.09896	+0.207%	$120.4M	$97.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09870	−0.061%	$5K	$239K	12x	as long as short