Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%

Price spread now: Backpack against Aster0.000%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now 0.000%, 7d avg −0.009%

Together, before fees−0.075%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DOGEUSDT	0.09978	0.0100	pay 0.0100% / 8h	6h 27m	$4.7M	$48.3M	75x
Short	Backpack DOGE_USDC_PERP	0.09978	0.0100	get 0.0013% / 1h	27m 56s	$345K	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.009%: $0.92
Slippage, 4 orders: −$7.43
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$24.51
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Backpack: live order book, 1 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 Aster live order book, 6 min ago	1.01 bp	5.0 bp −$5	5.5 bp −$55	13.1 bp −$1,306	doesn't fit
Sell Backpack live order book, 1 min ago	0.50 bp	8.8 bp −$9	581.6 bp −$5,816	doesn't fit	doesn't fit

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
Bitget DOGEUSDT	−0.0117%	8h	0.09963	−0.150%	$150.9M	$273.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09951	−0.271%	$391K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09970	−0.083%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0018%	1h	0.09942	−0.357%	$223K	$49K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0066%	1h	0.09975	−0.027%	$5.8M	$34.1M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09982	+0.040%	$779K	$6.0M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09946	−0.321%	$2K	$427K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09963	−0.150%	$527K	$989K	10x	as long as short
Aster DOGEUSDTlong	+0.0100%	8h	0.09978	long leg	$4.7M	$48.3M	75x
Pacifica DOGE	+0.0100%	1h	0.09948	−0.301%	$327K	$503K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09977	−0.010%	$315.9M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09973	−0.050%	$158.0M	$442.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09974	−0.040%	$109.9M	$981.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09965	−0.130%	$128K	$178K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09870	−1.082%	$378K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09975	−0.030%	$242.1M	$132.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09971	−0.070%	$110.6M	$229.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09973	−0.050%	$65.9M	$43.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09972	−0.060%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERPshort	+0.0100%	1h	0.09978	0.000%	$345K	$1.1M	15x
Variational Omni DOGE	+0.0100%	8h	0.09898	−0.802%	$985K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09906	−0.720%	$272K	$128.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09885	−0.932%	$621K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	−0.681%	$145K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09957	−0.212%	$256K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09973	−0.050%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09973	−0.052%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09978	0.000%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09976	−0.020%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09964	−0.137%	$5.9M	$54.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09976	−0.020%	$92.0M	$17.2M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09969	−0.086%	$553K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09975	−0.035%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0111%	8h	0.09950	−0.284%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0184%	1h	0.09962	−0.162%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.09957	−0.207%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09975	−0.030%	$2.0M	$25.1M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09925	−0.533%	$64K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09966	−0.123%	$310K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0261%	1h	0.09976	−0.016%	$596K	$118K	25x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09958	−0.198%	$401K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0721%	1h	0.09990	+0.118%	$121.8M	$97.6M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09950	−0.281%	$5K	$239K	12x	as long as short