Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h +0.027%

Price spread now: Backpack against Paradex+0.018%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DOGE-USD-PERP	0.09977	0.0106	pay 0.0106% / 8h	5h 58m	$18K	$6K	30x
Short	Backpack DOGE_USDC_PERP	0.09979	0.0100	get 0.0013% / 1h	58m 29s	$334K	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. 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 ParadexbpFee BackpackbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$1.23
Price spread: +0.018% → 0.000%: $1.79
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$13.44
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, just now. 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 Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, just now	0.50 bp	7.8 bp −$8	395.0 bp −$3,950	doesn't fit	doesn't fit

Paradex: 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 43 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	−0.0093%	8h	0.09956	−0.213%	$150.7M	$273.2M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09975	−0.027%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09958	−0.197%	$393K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09965	−0.125%	$23K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09981	+0.040%	$812K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09974	−0.032%	$834	$429K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09964	−0.137%	$531K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09971	−0.062%	$4.6M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09977	−0.003%	$328K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09969	−0.084%	$317.9M	$1.43B	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09968	−0.092%	$159.3M	$436.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09969	−0.082%	$111.0M	$980.3M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.386%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09965	−0.122%	$241.9M	$130.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09965	−0.122%	$113.4M	$228.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09977	−0.002%	$66.0M	$43.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09968	−0.092%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERPshort	+0.0100%	1h	0.09979	+0.018%	$334K	$1.1M	15x
Variational Omni DOGE	+0.0100%	8h	0.09973	−0.045%	$995K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09978	+0.007%	$295K	$129.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09982	+0.044%	$627K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	+0.028%	$146K	$273K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09972	−0.052%	$256K	$695K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09966	−0.112%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09968	−0.092%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09975	−0.018%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09970	−0.072%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09973	−0.046%	$5.9M	$55.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09979	+0.018%	$91.9M	$16.9M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09969	−0.081%	$560K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09969	−0.083%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERPlong	+0.0106%	8h	0.09977	long leg	$18K	$6K	30x
Deribit DOGE_USDC-PERPETUAL	+0.0111%	1h	0.09970	−0.073%	$596K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0185%	1h	0.09966	−0.109%	$2K	—	20x	as long as short
Phoenix DOGE	+0.0241%	1h	0.1000	+0.231%	$65K	$281K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09963	−0.139%	$310K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09978	+0.008%	$2.3M	$25.8M	50x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.09981	+0.036%	$532	$4K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09979	+0.015%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0405%	1h	0.09976	−0.009%	$121.3M	$99.5M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09982	+0.043%	$402K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09988	+0.108%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1001	+0.329%	$5K	$239K	12x	as long as short