Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Orderly+0.010%7-day average +0.001% · you sell dearer than you buy

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.010%, 7d avg +0.001%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DOGE_USDC	0.09830	0.0100	pay 0.0100% / 8h	7h 33m	$70K	$465K	50x
Short	Bybit DOGEUSDT	0.09831	0.0100	get 0.0100% / 8h	7h 33m	$162.7M	$520.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.001%: $0.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$16.09
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 6 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 6 min ago	0.51 bp	6.8 bp −$7	8.8 bp −$88	19.6 bp −$1,963	40.7 bp −$20.3K

Orderly: 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
Kraken Futures PF_DOGEUSD	−0.0097%	1h	0.09839	+0.089%	$5.4M	$40.6M	50x	as long as short
Bitget DOGEUSDT	−0.0014%	8h	0.09826	−0.041%	$139.3M	$346.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09832	+0.020%	$538K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09873	+0.433%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.121%	$6K	$242K	12x	as long as short
Gate DOGE_USDT	+0.0041%	8h	0.09825	−0.051%	$248.4M	$153.9M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09885	+0.562%	$18K	$386K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0086%	1h	0.09839	+0.091%	$558K	$294K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09847	+0.169%	$821K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09821	−0.092%	$1K	$547K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09823	−0.066%	$532K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09836	+0.062%	$122.7M	$116.8M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09831	+0.010%	$4.9M	$58.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09830	−0.001%	$319K	$484K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09830	0.000%	$325.4M	$1.71B	75x	as long as short
Bybit DOGEUSDTshort	+0.0100%	8h	0.09831	+0.010%	$162.7M	$520.6M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09833	+0.031%	$114.0M	$1.18B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09827	−0.031%	$16K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09875	+0.458%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09829	−0.010%	$116.3M	$259.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09831	+0.010%	$65.9M	$49.2M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09825	−0.051%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09861	+0.315%	$300K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09876	+0.467%	$1.1M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09876	+0.463%	$300K	$139.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09875	+0.458%	$621K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09900	+0.712%	$141K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09831	+0.005%	$256K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDClong	+0.0100%	8h	0.09830	long leg	$70K	$465K	50x
Derive DOGE-PERP	+0.0100%	1h	0.09878	+0.491%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09841	+0.109%	$34K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09837	+0.071%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09836	+0.059%	$5.8M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09840	+0.102%	$89.9M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09821	−0.090%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09829	−0.006%	$479K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09833	+0.026%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0202%	1h	0.09863	+0.339%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09839	+0.092%	$1.9M	$34.6M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09830	0.000%	$15.3M	$26.6M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09832	+0.018%	$453	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0207%	1h	0.09826	−0.044%	$295K	—	200x	as long as short
dYdX DOGE-USD	+0.0617%	1h	0.09823	−0.067%	$231K	$73K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09831	+0.015%	$395K	$449K	10x	as long as short