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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0325%/8h= +35.6% APRnext payment +$0.41 per $10,000 · paid last 24h +0.045%
Price spread now: Injective against RISEx+0.282%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$710.710% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.384%+$38 on $10k
Price spread, last 4 days (all we have)−0.439%−$44 · spread now +0.282%, 7d avg +0.147%
Together, before fees−0.056%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Injective is 0.135% dearer against RISEx than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.147%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx DOGE/USDC0.099420.0747pay 0.0093% / 1h25m 58s$400K$366K10x
ShortInjective DOGE/USDC PERP0.099700.1072get 0.0134% / 1h25m 58s$5K$239K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$68.25
Price spread: +0.282% → +0.147%
$13.5
Slippage, 4 orders
−$64.95
Fee RISEx: 3 bp × 2 orders
−$6
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$10.78
Costs to cover
0.710%
Break-even
5.9 days
Slippage from RISEx: live order book, 37 min ago; Injective: live order book, 38 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 RISEx live order book, 37 min ago2.51 bp5.5 bp −$613.7 bp −$137doesn't fitdoesn't fit
Sell Injective live order book, 38 min ago29.97 bp30.0 bp −$30doesn't fitdoesn'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
Bitget DOGEUSDT−0.0088%8h0.09929−0.131%$150.2M$273.5M75xas long as short
dYdX DOGE-USD0.0000%1h0.09929−0.132%$223K$49K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09942+0.004%$441K$5.1M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09928−0.146%$24K150xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0082%1h0.09931−0.111%$593K$118K25xas long as short
Lighter DOGE+0.0096%1h0.09935−0.070%$772K$6.2M15xas long as short
Katana Perps DOGE-USD+0.0099%8h0.09939−0.030%$994$444K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09929−0.126%$529K$993K10xas long as short
Aster DOGEUSDT+0.0100%8h0.09930−0.123%$4.7M$48.7M75xas long as short
Pacifica DOGE+0.0100%1h0.09933−0.092%$326K$483K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09937−0.048%$318.6M$1.44B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09934−0.080%$160.2M$442.4M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09938−0.040%$110.8M$985.2M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09985+0.430%$383K$2K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09932−0.101%$241.4M$132.7M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09936−0.060%$111.5M$230.8M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09929−0.131%$65.7M$43.3M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09925−0.171%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09931−0.111%$327K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.09924−0.176%$983K$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09966+0.242%$296K$128.4M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09960+0.182%$631K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09990+0.483%$146K$278K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09928−0.141%$252K$734K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09928−0.141%$70K$438K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09927−0.154%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09934−0.080%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09931−0.111%$2K$3.9M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09927−0.152%$5.9M$56.5M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09933−0.091%$91.4M$16.6M50xas long as short
Paradex DOGE-USD-PERP+0.0103%8h0.09928−0.139%$18K$6K30xas long as short
Extended DOGE-USD+0.0104%1h0.09933−0.087%$499K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09928−0.141%$19K3xas long as short
Reya DOGERUSDPERP+0.0187%1h0.09932−0.100%$2K20xas long as short
01 Exchange DOGEUSD+0.0208%1h0.09941−0.008%$530$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.09924−0.181%$15.5M$25.0M75xas long as short
Phoenix DOGE+0.0240%1h0.09952+0.097%$65K$288K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0245% / S −0.0267%1h0.09926−0.158%$309K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0248%1h0.09938−0.040%$2.3M$26.1M50xas long as short
Kraken Futures PF_DOGEUSD+0.0308%1h0.09931−0.111%$5.7M$35.1M50xas long as short
Hyperliquid DOGE+0.0500%1h0.09947+0.047%$121.6M$99.9M10xas long as short
RISEx DOGE/USDClong+0.0747%1h0.09942long leg$400K$366K10x
Arcus DOGE-USD+0.0781%1h0.09949+0.070%$128K$179K10xas long as short
Injective DOGE/USDC PERPshort+0.1072%1h0.09970+0.282%$5K$239K12x