Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%

Price spread now: Backpack against OKX0.000%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days−0.056%−$6 · spread now 0.000%, 7d avg −0.019%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DOGE-USDT-SWAP	0.09899	0.0100	pay 0.0100% / 8h	21m 53s	$115.1M	$1.20B	50x
Short	Backpack DOGE_USDC_PERP	0.09899	0.0100	get 0.0013% / 1h	21m 53s	$301K	$1.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.019%: $1.88
Slippage, 4 orders: −$2.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$21.01
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Backpack: live order book, 2 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 OKX live order book, 2 min ago	0.51 bp	5.5 bp −$6	7.1 bp −$71	16.8 bp −$1,684	42.4 bp −$21.2K
Sell Backpack live order book, 2 min ago	0.51 bp	5.6 bp −$6	18.1 bp −$181	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	−0.0060%	1h	0.09902	+0.027%	$5.5M	$40.8M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09907	+0.076%	$222K	$63K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09916	+0.173%	$580K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09899	+0.004%	$35K	—	150x	as long as short
Bitget DOGEUSDT	+0.0009%	8h	0.09891	−0.081%	$140.3M	$347.8M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0021%	1h	0.09896	−0.035%	$258K	$1.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.374%	$6K	$242K	12x	as long as short
Lighter DOGE	+0.0096%	1h	0.09909	+0.099%	$828K	$6.9M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09900	+0.015%	$535K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09906	+0.066%	$123.3M	$117.2M	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	0.09899	+0.002%	$4.5M	$59.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09912	+0.130%	$322K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09900	+0.010%	$327.0M	$1.73B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09894	−0.051%	$164.0M	$526.2M	75x	as long as short
OKX DOGE-USDT-SWAPlong	+0.0100%	8h	0.09899	long leg	$115.1M	$1.20B	50x
Arcus DOGE-USD	+0.0100%	1h	0.09904	+0.051%	$16K	$311K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09914	+0.151%	$379K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09895	−0.040%	$248.7M	$158.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09899	0.000%	$116.9M	$259.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09899	0.000%	$66.1M	$50.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09897	−0.020%	—	$53.3M	—	as long as short
Backpack DOGE_USDC_PERPshort	+0.0100%	1h	0.09899	0.000%	$301K	$1.3M	15x
Variational Omni DOGE	+0.0100%	8h	0.09875	−0.246%	$1.0M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09889	−0.098%	$300K	$139.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09892	−0.072%	$623K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09890	−0.091%	$142K	$345K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09901	+0.020%	$71K	$473K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09900	+0.012%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09907	+0.084%	$34K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09902	+0.030%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09903	+0.040%	$5.8M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09901	+0.020%	$90.6M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09906	+0.073%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09894	−0.047%	$485K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09904	+0.051%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0106%	8h	0.09900	+0.010%	$827	$542K	10x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09907	+0.082%	$18K	$382K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0164%	1h	0.09905	+0.063%	$569K	$257K	25x	as long as short
Reya DOGERUSDPERP	+0.0200%	1h	0.09897	−0.022%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09905	+0.061%	$1.9M	$35.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09913	+0.141%	$15.5M	$26.9M	75x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09910	+0.106%	$441	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09900	+0.012%	$312K	—	200x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09909	+0.101%	$404K	$461K	10x	as long as short