Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%

Price spread now: dYdX against Binance−0.007%49s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$860.856% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.007%, 7d avg −0.010%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DOGEUSDT	0.09991	0.0100	pay 0.0100% / 8h	1h 01m	$329.8M	$1.72B	75x
Short	dYdX DOGE-USD	0.09990	0	get 0.0000% / 1h	1m 57s	$224K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$21
Price spread: −0.007% → −0.010%: $0.24
Slippage, 4 orders: −$65.56
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$106.31
Costs to cover: 0.856%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; dYdX: live order book, 42 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, 12 min ago	0.50 bp	5.5 bp −$6	6.8 bp −$68	19.1 bp −$1,906	48.1 bp −$24.1K
Sell dYdX live order book, 42 min ago	31.06 bp	37.1 bp −$37	87.6 bp −$876	105.9 bp −$10.6K	117.5 bp −$58.8K

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	−0.0083%	1h	0.09987	−0.040%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USDshort	0.0000%	1h	0.09990	−0.007%	$224K	$69K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09980	−0.105%	$612K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09981	−0.093%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.398%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0038%	8h	0.09981	−0.097%	$141.6M	$344.4M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0045%	1h	0.09978	−0.125%	$262K	$1.2M	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1002	+0.324%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09993	+0.025%	$846K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09987	−0.037%	$538K	$1.1M	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	0.09988	−0.027%	$4.5M	$58.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09991	+0.005%	$319K	$501K	20x	as long as short
Binance DOGEUSDTlong	+0.0100%	8h	0.09991	long leg	$329.8M	$1.72B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09985	−0.057%	$164.2M	$521.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09991	+0.003%	$116.9M	$1.21B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1001	+0.160%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09985	−0.057%	$249.8M	$157.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09989	−0.017%	$112.6M	$258.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09988	−0.027%	$66.8M	$50.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09988	−0.027%	—	$53.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09986	−0.047%	$302K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	+0.230%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1001	+0.238%	$304K	$140.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.203%	$631K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.293%	$146K	$341K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09982	−0.087%	$70K	$470K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1000	+0.116%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09992	+0.018%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09986	−0.047%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09985	−0.062%	$5.9M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09989	−0.017%	$91.5M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09988	−0.032%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09983	−0.080%	$490K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09985	−0.057%	$19K	—	3x	as long as short
Hyperliquid DOGE	+0.0107%	1h	0.09994	+0.030%	$124.4M	$117.0M	10x	as long as short
Katana Perps DOGE-USD	+0.0107%	8h	0.09988	−0.027%	$834	$536K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0181%	1h	0.09987	−0.038%	$573K	$252K	25x	as long as short
Reya DOGERUSDPERP	+0.0198%	1h	0.09979	−0.115%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	+0.173%	$16.3M	$27.1M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09985	−0.057%	$1.9M	$34.7M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09982	−0.088%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.09995	+0.041%	$444	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.09988	−0.027%	$17K	$308K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.09996	+0.052%	$402K	$458K	10x	as long as short