Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.001%

Price spread now: Paradex against Polymarket Perps+0.086%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Paradex

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.086% dearer against Polymarket Perps than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DOGE-USD	0.1001	0.0050	pay 0.0006% / 1h	16m 20s	$263K	$1.2M	10x
Short	Paradex DOGE-USD-PERP	0.1001	0.0100	get 0.0100% / 8h	1h 16m	$18K	$5K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee ParadexbpOrdersPrice spread, now +0.086%Rate

Funding earned: $10.44
Price spread: +0.086% → 0.000%: $8.58
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $7.01
Costs to cover: 0.120%
Break-even: 2.3 days

Slippage unknown: Polymarket Perps: live order book, 2 min ago; Paradex: 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 Polymarket Perps live order book, 2 min ago	3.49 bp	8.4 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
Kraken Futures PF_DOGEUSD	−0.0082%	1h	0.1002	+0.128%	$5.7M	$40.6M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1001	+0.090%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	+0.127%	$613K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	+0.115%	$36K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.247%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0050%	8h	0.1001	+0.020%	$142.1M	$344.4M	75x	as long as short
Polymarket Perps DOGE-USDlong	+0.0050%	1h	0.1001	long leg	$263K	$1.2M	10x
Phoenix DOGE	+0.0080%	1h	0.1003	+0.205%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.184%	$850K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	+0.035%	$540K	$1.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1002	+0.120%	$4.5M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	+0.110%	$319K	$501K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	+0.094%	$330.0M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1001	+0.070%	$165.5M	$522.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	+0.110%	$117.5M	$1.21B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	+0.227%	$385K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1001	+0.060%	$250.3M	$157.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	+0.110%	$112.2M	$258.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	+0.060%	$66.8M	$50.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1002	+0.100%	—	$53.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	+0.190%	$303K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.127%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.101%	$304K	$140.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.060%	$631K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1003	+0.250%	$148K	$340K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	+0.100%	$70K	$476K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.114%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	+0.110%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.071%	$5.9M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	+0.100%	$91.8M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERPshort	+0.0100%	8h	0.1001	+0.086%	$18K	$5K	30x
Extended DOGE-USD	+0.0104%	1h	0.1001	+0.056%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	+0.098%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.1001	+0.050%	$1K	$537K	10x	as long as short
Hyperliquid DOGE	+0.0137%	1h	0.1002	+0.160%	$124.6M	$116.6M	10x	as long as short
Reya DOGERUSDPERP	+0.0197%	1h	0.1002	+0.108%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	+0.190%	$16.2M	$27.2M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1002	+0.120%	$1.9M	$34.9M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.1001	+0.096%	$315K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1003	+0.233%	$446	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0269%	1h	0.1002	+0.150%	$575K	$253K	25x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1001	+0.050%	$18K	$307K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1002	+0.122%	$403K	$458K	10x	as long as short