Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0617%/8h= −67.6% APRpaid last 24h −0.167%

Price spread now: HTX against RISEx−0.020%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.376%−$38 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.020%, 7d avg −0.019%

Together, before fees−0.477%−$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09889	0.0717	pay 0.0090% / 1h	20m 18s	$398K	$449K	10x
Short	HTX DOGE-USDT	0.09887	0.0100	get 0.0100% / 8h	7h 20m	$5.9M	$69.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$129.61
Price spread: −0.020% → −0.019%: −$0.12
Slippage, 4 orders: −$11.25
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$158.98
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from RISEx: live order book, 13 min ago; HTX: live order book, 4 min ago.

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 RISEx live order book, 13 min ago	3.56 bp	6.6 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.25 bp	8.0 bp −$8	16.1 bp −$161	51.3 bp −$5,134	doesn't fit

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	−0.0096%	1h	0.09890	+0.006%	$5.5M	$40.9M	50x	as long as short
Bitget DOGEUSDT	−0.0014%	8h	0.09884	−0.052%	$140.0M	$347.0M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09909	+0.201%	$514K	$6.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09883	−0.059%	$33K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0033%	1h	0.09893	+0.042%	$554K	$301K	25x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.480%	$6K	$242K	12x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09887	−0.019%	$18K	$386K	10x	as long as short
Gate DOGE_USDT	+0.0086%	8h	0.09880	−0.093%	$249.5M	$155.5M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.09904	+0.153%	$823K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09899	+0.099%	$827	$545K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09888	−0.012%	$510K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09889	−0.004%	$123.2M	$116.4M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09887	−0.018%	$4.9M	$58.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09902	+0.130%	$321K	$481K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09889	−0.002%	$326.3M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09884	−0.052%	$165.4M	$523.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09889	−0.002%	$114.4M	$1.18B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09906	+0.170%	$16K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09784	−1.062%	$374K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09882	−0.073%	$116.5M	$264.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09883	−0.063%	$65.6M	$49.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09884	−0.052%	—	$53.7M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09904	+0.150%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09898	+0.090%	$1.1M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09856	−0.337%	$261K	$139.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09870	−0.199%	$631K	$4.2M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09870	−0.194%	$140K	$348K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09882	−0.068%	$257K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09890	+0.008%	$71K	$468K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09809	−0.814%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09892	+0.031%	$34K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09890	+0.008%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.09887	−0.020%	$5.9M	$69.2M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09891	+0.018%	$90.4M	$16.4M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09903	+0.141%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09885	−0.041%	$481K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09891	+0.015%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0203%	1h	0.09878	−0.109%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09893	+0.039%	$2.2M	$35.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0215% / S −0.0216%	1h	0.09883	−0.063%	$291K	—	200x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09904	+0.150%	$15.6M	$26.9M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09911	+0.217%	$456	$4K	10x	as long as short
dYdX DOGE-USD	+0.0427%	1h	0.09891	+0.013%	$232K	$74K	10x	as long as short
RISEx DOGE/USDClong	+0.0717%	1h	0.09889	long leg	$398K	$449K	10x