Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0081%/8h= +8.8% APRpaid last 24h +0.015%

Price spread now: Reya against SunX−0.076%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.076% cheaper against SunX than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGE-USDT	0.1000	0.0100	pay 0.0100% / 8h	7h 49m	$35K	$2.2M	30x
Short	Reya DOGERUSDPERP	0.09993	0.0181	get 0.0023% / 1h	49m 05s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.076%Rate

Funding earned: $16.93
Price spread: −0.076% → 0.000%: −$7.64
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$4.71
Costs to cover: 0.140%
Break-even: 8.9 days

Slippage unknown: SunX: live order book, 7 min ago; Reya: 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 SunX live order book, 7 min ago	16.51 bp	20.5 bp −$21	26.9 bp −$269	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DOGEUSDT	−0.0199%	8h	0.09992	−0.090%	$152.3M	$270.8M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1000	+0.012%	$6.0M	$33.8M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09992	−0.089%	$396K	$4.9M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09995	−0.064%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0017%	1h	0.09976	−0.246%	$224K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0021%	8h	0.09995	−0.060%	$242.1M	$127.3M	75x	as long as short
Phemex DOGEUSDT	+0.0076%	8h	0.09996	−0.050%	$92.3M	$19.0M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0080%	1h	0.1000	+0.006%	$602K	$120K	25x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09981	−0.200%	$2K	$398K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09987	−0.140%	$513K	$976K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09999	−0.022%	$4.9M	$46.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09981	−0.201%	$333K	$517K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1000	−0.010%	$317.3M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09998	−0.030%	$158.3M	$438.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09998	−0.030%	$110.1M	$964.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09991	−0.100%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09980	−0.210%	$382K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09999	−0.020%	$111.7M	$222.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1000	0.000%	$65.5M	$42.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09999	−0.020%	—	$76.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	+0.050%	$380K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09982	−0.190%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1003	+0.265%	$259K	$121.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	+0.307%	$638K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	−0.210%	$147K	$256K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09986	−0.150%	$263K	$557K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09998	−0.030%	$73K	$446K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09998	−0.034%	$25K	$1K	10x	as long as short
SunX DOGE-USDTlong	+0.0100%	8h	0.1000	long leg	$35K	$2.2M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.1000	0.000%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09988	−0.131%	$6.0M	$52.4M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09974	−0.266%	$18K	$5K	30x	as long as short
Lighter DOGE	+0.0104%	1h	0.1001	+0.054%	$859K	$5.7M	15x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09998	−0.031%	$616K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09998	−0.031%	$19K	—	3x	as long as short
Reya DOGERUSDPERPshort	+0.0181%	1h	0.09993	−0.076%	$2K	—	20x
01 Exchange DOGEUSD	+0.0184%	1h	0.09997	−0.035%	$528	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1000	0.000%	$15.2M	$25.4M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1000	+0.030%	$2.0M	$24.6M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09989	−0.120%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.09995	−0.063%	$308K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.09990	−0.112%	$316K	$478K	10x	as long as short
Hyperliquid DOGE	+0.0800%	1h	0.1002	+0.140%	$119.0M	$91.5M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.09990	−0.110%	$5K	$239K	12x	as long as short