Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.029%

Price spread now: 01 Exchange against Phemex+0.003%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on 01 Exchange

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—needs 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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DOGEUSDT	0.09910	0.0100	pay 0.0100% / 8h	10m 51s	$90.6M	$16.9M	50x
Short	01 Exchange DOGEUSD	0.09910	0.0248	get 0.0031% / 1h	10m 51s	$441	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Phemex. 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 PhemexbpFee 01 ExchangebpOrdersPrice spread, now +0.003%Rate

Funding earned: $31.08
Price spread: +0.003% → 0.000%: $0.3
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $12.38
Costs to cover: 0.190%
Break-even: 4.2 days

Slippage unknown: Phemex: live order book, 3 min ago; 01 Exchange: 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 Phemex live order book, 3 min ago	1.01 bp	11.1 bp −$11	15.7 bp −$157	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0060%	1h	0.09911	+0.014%	$5.5M	$40.8M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09905	−0.046%	$579K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09901	−0.092%	$35K	—	150x	as long as short
Bitget DOGEUSDT	+0.0002%	8h	0.09903	−0.071%	$140.4M	$347.8M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.256%	$6K	$242K	12x	as long as short
Polymarket Perps DOGE-USD	+0.0035%	1h	0.09898	−0.122%	$258K	$1.2M	10x	as long as short
dYdX DOGE-USD	+0.0043%	1h	0.09901	−0.089%	$222K	$63K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09916	+0.062%	$827K	$6.9M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09902	−0.081%	$535K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09916	+0.059%	$123.5M	$117.3M	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	0.09906	−0.039%	$5.0M	$59.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09903	−0.073%	$321K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09907	−0.029%	$327.2M	$1.73B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09901	−0.091%	$163.6M	$525.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09905	−0.050%	$115.0M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09907	−0.030%	$16K	$311K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09918	+0.085%	$379K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09903	−0.071%	$249.5M	$158.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09905	−0.050%	$117.1M	$259.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09907	−0.030%	$66.1M	$49.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09905	−0.050%	—	$54.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09911	+0.010%	$302K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09900	−0.098%	$1.0M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09902	−0.084%	$300K	$140.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09909	−0.010%	$627K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	0.000%	$142K	$346K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09903	−0.071%	$71K	$478K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09899	−0.110%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09907	−0.027%	$34K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09908	−0.020%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09908	−0.020%	$5.9M	$69.1M	75x	as long as short
Phemex DOGEUSDTlong	+0.0100%	8h	0.09910	long leg	$90.6M	$16.9M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09899	−0.114%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09904	−0.059%	$485K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09907	−0.031%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0106%	8h	0.09904	−0.061%	$827	$541K	10x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09911	+0.008%	$18K	$382K	10x	as long as short
Reya DOGERUSDPERP	+0.0200%	1h	0.09901	−0.090%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09912	+0.020%	$1.9M	$35.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09913	+0.030%	$15.4M	$26.9M	75x	as long as short
01 Exchange DOGEUSDshort	+0.0248%	1h	0.09910	+0.003%	$441	$4K	10x
Deribit DOGE_USDC-PERPETUAL	+0.0255%	1h	0.09909	−0.011%	$569K	$261K	25x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0313% / S −0.0523%	1h	0.09908	−0.020%	$463K	—	200x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09913	+0.029%	$399K	$456K	10x	as long as short