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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0108%/8h= +11.9% APRnext payment +$0.14 per $10,000 · paid last 24h +0.012%
Price spread now: Coinbase International against Reya+0.050%48s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.050% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya DOGERUSDPERP0.10000.0196pay 0.0024% / 1h3m 34s$2K20x
ShortCoinbase International DOGE-PERP-INTX0.10010.0304get 0.0038% / 1h3m 34s$2.0M$34.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. 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
$22.78
Price spread: +0.050% → 0.000%
$4.96
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$11.75
Costs to cover
0.160%
Break-even
3.4 days
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Coinbase International live order book, 6 min ago2.00 bp11.0 bp −$1115.2 bp −$15241.8 bp −$4,181doesn't fit
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXDOGEPERP0.0000%8h0.1000−0.010%$598K$6.5M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1001+0.114%$34K150xas long as short
Kraken Futures PF_DOGEUSD+0.0002%1h0.1001+0.065%$5.6M$40.2M50xas long as short
dYdX DOGE-USD+0.0024%1h0.1000−0.015%$225K$69K10xas long as short
Polymarket Perps DOGE-USD+0.0041%1h0.10000−0.032%$268K$1.2M10xas long as short
Bitget DOGEUSDT+0.0094%8h0.09997−0.060%$142.8M$343.3M75xas long as short
Lighter DOGE+0.0096%1h0.1002+0.131%$855K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.1000−0.010%$540K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1001+0.030%$4.4M$58.1M75xas long as short
Pacifica DOGE+0.0100%1h0.1001+0.070%$320K$514K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.1001+0.038%$328.8M$1.70B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1000−0.020%$165.6M$519.9M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1000+0.010%$118.0M$1.19B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09955−0.482%$382K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.10000.000%$248.4M$155.4M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1001+0.050%$112.3M$257.7M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1001+0.050%$66.5M$50.0M75xas long as short
BingX DOGE-USDC+0.0100%8h0.10000.000%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1001+0.060%$314K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.1002+0.157%$1.1M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1001+0.108%$314K$139.9M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1002+0.130%$638K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1002+0.170%$150K$346K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1001+0.110%$64K$478K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1001+0.097%$19K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1002+0.167%$35K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1001+0.050%$2K$5.3M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1002+0.154%$5.9M$68.5M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1001+0.020%$91.9M$17.0M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1001+0.039%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1000+0.005%$487K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1001+0.112%$19K3xas long as short
Katana Perps DOGE-USD+0.0110%8h0.1000+0.010%$1K$527K10xas long as short
Hyperliquid DOGE+0.0114%1h0.1001+0.110%$124.0M$116.3M10xas long as short
Reya DOGERUSDPERPlong+0.0196%1h0.1000long leg$2K20x
01 Exchange DOGEUSD+0.0200%1h0.1001+0.087%$445$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.1001+0.110%$15.9M$27.1M75xas long as short
Arcus DOGE-USD+0.0231%1h0.1001+0.050%$27K$300K10xas long as short
Phoenix DOGE+0.0240%1h0.1001+0.109%$18K$382K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0249%1h0.1002+0.153%$575K$252K25xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0294%1h0.1002+0.121%$316K200xas long as short
Coinbase International DOGE-PERP-INTXshort+0.0304%1h0.1001+0.050%$2.0M$34.5M50x
RISEx DOGE/USDC+0.0686%1h0.1001+0.100%$405K$453K10xas long as short
Injective DOGE/USDC PERP+0.1217%1h0.1053+5.268%$6K$242K12xas long as short