Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.001%
Price spread now: Nado against Polymarket Perps+0.070%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$310.315% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.070%, 7d avg +0.003%
Together, before fees−0.067%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.067% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps DOGE-USD0.10000.0050pay 0.0006% / 1h21m 51s$263K$1.2M10x
ShortNado DOGE-PERP0.10010.0100get 0.0012% / 1h21m 51s$540K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Polymarket Perps. 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

Funding earned
$10.43
Price spread: +0.070% → +0.003%
$6.74
Slippage, 4 orders
−$16.49
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$14.31
Costs to cover
0.315%
Break-even
16.6 days
Slippage from Polymarket Perps: live order book, 1 min ago; Nado: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 1 min ago2.50 bp9.3 bp −$910.2 bp −$102doesn't fitdoesn't fit
Sell Nado live order book, 2 min ago2.00 bp8.2 bp −$819.6 bp −$196doesn't fitdoesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_DOGEUSD−0.0082%1h0.1000+0.007%$5.6M$40.5M50xas long as short
dYdX DOGE-USD0.0000%1h0.1001+0.018%$225K$69K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1001+0.039%$612K$6.6M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1000−0.013%$36K150xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+5.258%$6K$242K12xas long as short
Polymarket Perps DOGE-USDlong+0.0050%1h0.1000long leg$263K$1.2M10x
Bitget DOGEUSDT+0.0057%8h0.1001+0.010%$142.1M$344.3M75xas long as short
Phoenix DOGE+0.0080%1h0.1002+0.169%$18K$382K10xas long as short
Lighter DOGE+0.0096%1h0.1001+0.077%$847K$6.8M15xas long as short
Nado DOGE-PERPshort+0.0100%1h0.1001+0.070%$540K$1.1M10x
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.1002+0.144%$4.5M$58.6M75xas long as short
Pacifica DOGE+0.0100%1h0.1001+0.052%$320K$500K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1002+0.154%$330.2M$1.72B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1002+0.110%$165.5M$520.8M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1002+0.170%$117.9M$1.21B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09990−0.140%$384K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1002+0.110%$250.5M$156.7M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1002+0.140%$111.5M$258.2M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1001+0.050%$66.7M$50.1M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1001+0.050%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1001+0.010%$302K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.1001+0.097%$1.1M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1000−0.036%$303K$140.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1001+0.041%$631K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1000−0.040%$150K$338K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.10000.000%$66K$467K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09967−0.373%$19K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1001+0.055%$35K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.10000.000%$2K$5.4M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1000−0.040%$5.9M$68.8M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.10000.000%$91.8M$16.9M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1001+0.024%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1001+0.071%$488K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1000−0.010%$19K3xas long as short
Katana Perps DOGE-USD+0.0108%8h0.1001+0.010%$836$536K10xas long as short
Hyperliquid DOGE+0.0135%1h0.1001+0.100%$124.3M$116.4M10xas long as short
Reya DOGERUSDPERP+0.0197%1h0.1000+0.003%$2K20xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0220%1h0.1001+0.014%$574K$252K25xas long as short
BloFin DOGE-USDT+0.0220%8h0.1000−0.020%$16.2M$27.1M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.1001+0.030%$1.9M$34.9M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0297%1h0.1001+0.012%$315K200xas long as short
01 Exchange DOGEUSD+0.0272%1h0.1002+0.120%$445$4K10xas long as short
Arcus DOGE-USD+0.0387%1h0.1001+0.070%$18K$307K10xas long as short
RISEx DOGE/USDC+0.0626%1h0.1002+0.140%$403K$457K10xas long as short