Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Binance−0.030%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.030%, 7d avg −0.013%

Together, before fees+0.109%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DOGEUSDT	0.09977	0.0100	pay 0.0100% / 8h	1h 01m	$329.3M	$1.72B	75x
Short	Nado DOGE-PERP	0.09974	0.0100	get 0.0012% / 1h	1m 21s	$537K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.013%: −$1.72
Slippage, 4 orders: −$11.67
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.39
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Nado: live order book, 2 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, 13 min ago	0.50 bp	5.5 bp −$6	6.8 bp −$68	19.1 bp −$1,906	48.1 bp −$24.1K
Sell Nado live order book, 2 min ago	2.00 bp	8.5 bp −$8	19.0 bp −$190	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
Kraken Futures PF_DOGEUSD	−0.0083%	1h	0.09987	+0.098%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09985	+0.080%	$224K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09980	+0.032%	$612K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09981	+0.044%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.543%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0037%	8h	0.09967	−0.100%	$141.4M	$344.4M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0044%	1h	0.09972	−0.050%	$262K	$1.2M	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1002	+0.462%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09998	+0.207%	$847K	$6.8M	15x	as long as short
Nado DOGE-PERPshort	+0.0100%	1h	0.09974	−0.030%	$537K	$1.1M	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09977	+0.001%	$4.5M	$58.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09990	+0.133%	$319K	$501K	20x	as long as short
Binance DOGEUSDTlong	+0.0100%	8h	0.09977	long leg	$329.3M	$1.72B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09972	−0.050%	$164.0M	$521.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09977	0.000%	$117.1M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1001	+0.298%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09971	−0.060%	$249.5M	$157.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09976	−0.010%	$112.1M	$259.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09975	−0.020%	$66.7M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09973	−0.040%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09986	+0.090%	$302K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	+0.368%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1001	+0.296%	$304K	$140.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1000	+0.261%	$631K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.431%	$146K	$341K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09975	−0.020%	$70K	$470K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1000	+0.254%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09992	+0.155%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09986	+0.090%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09985	+0.075%	$5.9M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09989	+0.120%	$91.5M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09988	+0.108%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09984	+0.067%	$490K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09978	+0.010%	$19K	—	3x	as long as short
Hyperliquid DOGE	+0.0105%	1h	0.09980	+0.034%	$124.2M	$117.0M	10x	as long as short
Katana Perps DOGE-USD	+0.0107%	8h	0.09977	0.000%	$834	$536K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0181%	1h	0.09987	+0.099%	$573K	$252K	25x	as long as short
Reya DOGERUSDPERP	+0.0198%	1h	0.09974	−0.032%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	+0.311%	$16.3M	$27.1M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09985	+0.080%	$1.9M	$34.7M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09982	+0.049%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.09978	+0.009%	$444	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.09982	+0.050%	$17K	$308K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.09982	+0.050%	$401K	$458K	10x	as long as short