Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h −0.005%

Price spread now: Derive against Bitget+0.018%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DOGEUSDT	0.09967	−0.0268	get 0.0268% / 8h	1h 30m	$152.2M	$265.7M	75x
Short	Derive DOGE-PERP	0.09969	0.0100	get 0.0013% / 1h	30m 59s	$24K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Bitget. 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 BitgetbpFee DerivebpOrdersPrice spread, now +0.018%Rate

Funding earned: $77.28
Price spread: +0.018% → 0.000%: $1.81
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: $61.09
Costs to cover: 0.180%
Break-even: 1.5 days

Slippage unknown: Bitget: live order book, 3 min ago; Derive: no order-book sample. Net counts fees only.

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 Bitget live order book, 3 min ago	0.50 bp	7.6 bp −$8	10.2 bp −$102	26.6 bp −$2,664	61.3 bp −$30.6K
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 DOGEUSDTlong	−0.0268%	8h	0.09967	long leg	$152.2M	$265.7M	75x
Kalshi KXDOGEPERP	0.0000%	8h	0.09982	+0.149%	$415K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09978	+0.108%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0008%	1h	0.09986	+0.189%	$224K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0071%	1h	0.09973	+0.059%	$604K	$109K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1003	+0.678%	$19K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0089%	8h	0.09967	0.000%	$239.5M	$123.4M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.09972	+0.052%	$780K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09977	+0.100%	$2K	$366K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09979	+0.120%	$568K	$851K	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	0.09966	−0.006%	$5.1M	$43.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09989	+0.217%	$334K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09974	+0.070%	$318.2M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09969	+0.020%	$159.5M	$417.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09969	+0.020%	$108.6M	$920.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09990	+0.231%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1017	+2.058%	$390K	$17K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09975	+0.080%	$109.3M	$216.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09974	+0.070%	$65.0M	$40.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09973	+0.060%	—	$74.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+1.067%	$994K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.581%	$279K	$115.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+0.983%	$634K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.532%	$147K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09975	+0.081%	$268K	$539K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09969	+0.020%	$72K	$432K	50x	as long as short
Derive DOGE-PERPshort	+0.0100%	1h	0.09969	+0.018%	$24K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.09984	+0.170%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09972	+0.050%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09971	+0.037%	$6.0M	$50.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09966	−0.010%	$92.3M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09986	+0.193%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09973	+0.063%	$552K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09973	+0.060%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.09979	+0.122%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09987	+0.202%	$527	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09973	+0.060%	$2.0M	$23.3M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09973	+0.060%	$15.4M	$24.8M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.09975	+0.084%	$312K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0365%	1h	0.09974	+0.071%	$5.9M	$32.7M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0383%	1h	0.09973	+0.060%	$533K	$952K	15x	as long as short
Hyperliquid DOGE	+0.0407%	1h	0.09979	+0.118%	$110.1M	$82.4M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.09990	+0.236%	$313K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1002	+0.532%	$5K	$207K	12x	as long as short