Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%

Price spread now: Backpack against Binance+0.038%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Binance Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.038%, 7d avg −0.025%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.063% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DOGEUSDT	0.09988	0.0100	pay 0.0100% / 8h	5h 35m	$319.7M	$1.44B	75x
Short	Backpack DOGE_USDC_PERP	0.09992	0.0100	get 0.0013% / 1h	35m 01s	$329K	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Binance. 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 BinancebpFee BackpackbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → −0.025%: $6.31
Slippage, 4 orders: −$4.41
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$18.1
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Backpack: 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 Binance live order book, 9 min ago	0.50 bp	6.5 bp −$7	9.3 bp −$93	20.0 bp −$1,997	45.1 bp −$22.6K
Sell Backpack live order book, 4 min ago	0.50 bp	5.5 bp −$6	112.8 bp −$1,128	doesn't fit	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
Bitget DOGEUSDT	−0.0092%	8h	0.09980	−0.082%	$151.1M	$273.8M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09968	−0.202%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09992	+0.042%	$444K	$5.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09993	+0.046%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09998	+0.098%	$793K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09974	−0.142%	$901	$437K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09985	−0.032%	$532K	$993K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09996	+0.074%	$4.7M	$48.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09975	−0.129%	$328K	$483K	20x	as long as short
Binance DOGEUSDTlong	+0.0100%	8h	0.09988	long leg	$319.7M	$1.44B	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09988	−0.002%	$161.0M	$441.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09990	+0.018%	$111.7M	$989.2M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09985	−0.034%	$383K	$2K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09986	−0.022%	$243.8M	$132.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09989	+0.008%	$112.8M	$230.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09996	+0.078%	$66.1M	$43.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09989	+0.008%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERPshort	+0.0100%	1h	0.09992	+0.038%	$329K	$1.1M	15x
Variational Omni DOGE	+0.0100%	8h	0.09987	−0.016%	$981K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09958	−0.306%	$296K	$129.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09964	−0.238%	$634K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09960	−0.282%	$145K	$278K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09983	−0.054%	$255K	$734K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09997	+0.088%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09996	+0.081%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09996	+0.076%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09999	+0.108%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09986	−0.024%	$5.9M	$56.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09997	+0.088%	$92.0M	$16.7M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0104%	8h	0.09977	−0.112%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09986	−0.020%	$524K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09997	+0.091%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0160%	1h	0.09999	+0.104%	$597K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0186%	1h	0.09992	+0.035%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09988	−0.007%	$532	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1000	+0.128%	$15.7M	$25.2M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09992	+0.043%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09993	+0.045%	$311K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.1000	+0.158%	$2.3M	$26.2M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09996	+0.081%	$5.7M	$35.1M	50x	as long as short
Hyperliquid DOGE	+0.0454%	1h	0.1000	+0.148%	$122.1M	$99.7M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09987	−0.016%	$402K	$365K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09991	+0.028%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1002	+0.319%	$5K	$239K	12x	as long as short