Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Phemex against Paradex−0.002%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Phemex

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	0.1007	0.0100	pay 0.0100% / 8h	39m 22s	$18K	$5K	30x
Short	Phemex DOGEUSDT	0.1007	0.0100	get 0.0100% / 8h	39m 22s	$93.2M	$19.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$0.08
Price spread: −0.002% → 0.000%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$16.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 5 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 Paradex no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	2.46 bp	14.5 bp −$15	27.3 bp −$273	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 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	−0.0241%	8h	0.1007	−0.082%	$153.3M	$268.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1009	+0.130%	$420K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1007	−0.034%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0058%	1h	0.1008	+0.036%	$609K	$114K	25x	as long as short
dYdX DOGE-USD	+0.0074%	1h	0.1008	+0.085%	$226K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0078%	8h	0.1007	−0.082%	$242.8M	$126.5M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1009	+0.164%	$810K	$5.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1008	+0.027%	$974	$389K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1007	+0.003%	$601K	$899K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1008	+0.017%	$5.0M	$45.3M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1009	+0.117%	$336K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1007	−0.011%	$322.0M	$1.36B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1007	−0.042%	$158.7M	$429.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1007	−0.012%	$109.6M	$950.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1008	+0.057%	$31K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1008	+0.057%	$386K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1007	−0.012%	$112.6M	$220.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1007	−0.012%	$66.2M	$41.8M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1007	−0.022%	—	$75.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1011	+0.318%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1011	+0.336%	$277K	$118.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1011	+0.355%	$637K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1011	+0.355%	$149K	$250K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1007	−0.042%	$260K	$557K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1007	−0.032%	$73K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1008	+0.014%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	+0.033%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	+0.017%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1007	−0.013%	$6.1M	$51.5M	75x	as long as short
Phemex DOGEUSDTshort	+0.0100%	8h	0.1007	−0.002%	$93.2M	$19.2M	50x
Paradex DOGE-USD-PERPlong	+0.0100%	8h	0.1007	long leg	$18K	$5K	30x
Kraken Futures PF_DOGEUSD	+0.0104%	1h	0.1007	0.000%	$6.0M	$33.2M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1008	+0.015%	$552K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	+0.039%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1007	−0.006%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1010	+0.246%	$15.5M	$25.5M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1009	+0.167%	$67K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1008	+0.107%	$2.0M	$24.3M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0271%	1h	0.1007	−0.030%	$316K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1008	+0.056%	$532	$4K	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0434%	1h	0.1008	+0.097%	$539K	$965K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1008	+0.078%	$316K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0943%	1h	0.1009	+0.156%	$118.0M	$88.4M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1008	+0.057%	$5K	$239K	12x	as long as short