Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0526%/8h= +57.6% APRpaid last 24h +0.166%

Price spread now: RISEx against Binance+0.020%7-day average +0.044% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.375%+$38 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.020%, 7d avg +0.044%

Together, before fees+0.369%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.024% cheaper against Binance than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.044%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DOGEUSDT	0.1002	0.0100	pay 0.0100% / 8h	1h 18m	$330.3M	$1.72B	75x
Short	RISEx DOGE/USDC	0.1003	0.0626	get 0.0078% / 1h	18m 31s	$404K	$458K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.020%Rate

Funding earned: $110.38
Price spread: +0.020% → +0.044%: −$2.36
Slippage, 4 orders: −$10.86
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $81.16
Costs to cover: 0.269%
Break-even: 1.9 days

Slippage from Binance: live order book, 11 min ago; RISEx: live order book, 25 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, 11 min ago	0.50 bp	5.5 bp −$6	6.2 bp −$62	19.7 bp −$1,972	51.1 bp −$25.6K
Sell RISEx live order book, 25 min ago	4.01 bp	7.0 bp −$7	14.5 bp −$145	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
Kraken Futures PF_DOGEUSD	−0.0082%	1h	0.1001	−0.117%	$5.7M	$40.6M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1002	−0.040%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	−0.088%	$613K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	−0.007%	$36K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.048%	$6K	$242K	12x	as long as short
Polymarket Perps DOGE-USD	+0.0052%	1h	0.1001	−0.100%	$263K	$1.2M	10x	as long as short
Bitget DOGEUSDT	+0.0053%	8h	0.1002	−0.070%	$142.3M	$344.5M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1003	+0.015%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	−0.019%	$850K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	−0.125%	$540K	$1.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1002	−0.011%	$4.5M	$58.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	−0.011%	$320K	$501K	20x	as long as short
Binance DOGEUSDTlong	+0.0100%	8h	0.1002	long leg	$330.3M	$1.72B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.060%	$165.5M	$521.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	−0.030%	$117.5M	$1.21B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	+0.037%	$385K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	−0.050%	$250.8M	$157.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	−0.010%	$112.1M	$258.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	−0.020%	$66.9M	$50.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1002	−0.030%	—	$53.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	−0.130%	$303K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.062%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1000	−0.229%	$303K	$140.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1000	−0.219%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1003	+0.060%	$148K	$340K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.020%	$67K	$473K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	−0.066%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1001	−0.130%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1002	−0.061%	$5.9M	$68.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	−0.130%	$91.9M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1002	−0.031%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	−0.065%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	−0.146%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.1002	−0.070%	$1K	$537K	10x	as long as short
Hyperliquid DOGE	+0.0138%	1h	0.1003	+0.070%	$124.7M	$116.6M	10x	as long as short
Reya DOGERUSDPERP	+0.0197%	1h	0.1002	−0.037%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	−0.150%	$16.2M	$27.2M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1002	−0.020%	$1.9M	$34.9M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.1001	−0.154%	$315K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0260%	1h	0.1001	−0.114%	$574K	$252K	25x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1003	+0.033%	$446	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1002	−0.050%	$18K	$307K	10x	as long as short
RISEx DOGE/USDCshort	+0.0626%	1h	0.1003	+0.020%	$404K	$458K	10x