Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.015%

Price spread now: Reya against Katana Perps−0.006%7-day average — · you buy dearer than you sell

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

Long on Katana Perps Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps DOGE-USD	0.1011	0.0100	pay 0.0100% / 8h	7h 23m	$844	$412K	10x
Short	Reya DOGERUSDPERP	0.1011	0.0182	get 0.0023% / 1h	23m 32s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.006%Rate

Funding earned: $17.21
Price spread: −0.006% → 0.000%: −$0.64
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Reya: 3 bp × 2 orders: −$6
Net: $6.77
Costs to cover: 0.098%
Break-even: 4.2 days

Slippage unknown: Katana Perps: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Katana Perps and Reya: 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	−0.0177%	8h	0.1010	−0.079%	$153.4M	$270.9M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1010	−0.052%	$6.1M	$33.9M	50x	as long as short
Phemex DOGEUSDT	−0.0051%	8h	0.1009	−0.109%	$93.2M	$17.8M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	−0.040%	$409K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1011	+0.014%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.1009	−0.115%	$227K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0077%	1h	0.1010	−0.060%	$607K	$121K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1010	−0.069%	$789K	$5.8M	15x	as long as short
Katana Perps DOGE-USDlong	+0.0100%	8h	0.1011	long leg	$844	$412K	10x
Nado DOGE-PERP	+0.0100%	1h	0.1010	−0.045%	$518K	$971K	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	0.1009	−0.150%	$5.0M	$46.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1010	−0.079%	$336K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1011	+0.005%	$321.1M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1011	0.000%	$160.5M	$438.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1011	−0.010%	$111.7M	$974.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1011	+0.040%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1007	−0.353%	$386K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1010	−0.099%	$245.8M	$129.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1011	+0.030%	$114.1M	$224.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1011	−0.010%	$66.3M	$42.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1010	−0.049%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1010	−0.030%	$366K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	−0.012%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1009	−0.114%	$265K	$124.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1010	−0.079%	$633K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1008	−0.257%	$148K	$268K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1010	−0.049%	$272K	$629K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1010	−0.099%	$73K	$424K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	−0.107%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1009	−0.174%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1010	−0.099%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	−0.048%	$6.0M	$52.7M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1010	−0.073%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1010	−0.047%	$532K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1010	−0.089%	$19K	—	3x	as long as short
Reya DOGERUSDPERPshort	+0.0182%	1h	0.1011	−0.006%	$2K	—	20x
01 Exchange DOGEUSD	+0.0184%	1h	0.1011	+0.006%	$534	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1010	−0.049%	$15.5M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1010	−0.059%	$2.0M	$25.1M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1010	−0.051%	$66K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.1009	−0.117%	$311K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1011	+0.034%	$327K	$451K	10x	as long as short
Hyperliquid DOGE	+0.0822%	1h	0.1012	+0.129%	$123.4M	$94.9M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1012	+0.139%	$5K	$239K	12x	as long as short