Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h −0.005%
Price spread now: dYdX against Bitget+0.108%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$700.704% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.108%, 7d avg +0.031%
Together, before fees−0.080%−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and dYdX is 0.077% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.031%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget DOGEUSDT0.1003−0.0262get 0.0262% / 8h1h 18m$153.2M$266.4M75x
ShortdYdX DOGE-USD0.10040.0014get 0.0002% / 1h18m 00s$225K$44K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
$57.97
Price spread: +0.108% → +0.031%
$7.69
Slippage, 4 orders
−$48.35
Fee Bitget: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$4.69
Costs to cover
0.704%
Break-even
7.6 days
Slippage from Bitget: live order book, 1 min ago; dYdX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago0.50 bp7.5 bp −$79.9 bp −$9926.6 bp −$2,65963.0 bp −$31.5K
Sell dYdX live order book, 1 min ago21.87 bp26.9 bp −$2778.2 bp −$78296.9 bp −$9,689106.9 bp −$53.4K

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDTlong−0.0262%8h0.1003long leg$153.2M$266.4M75x
Kalshi KXDOGEPERP0.0000%8h0.1004+0.120%$418K$4.7M2.8xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.1004+0.073%$608K$109K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S −0.0001%1h0.1004+0.101%$32K150xas long as short
dYdX DOGE-USDshort+0.0014%1h0.1004+0.108%$225K$44K10x
Phoenix DOGE+0.0081%1h0.1009+0.541%$67K$222K10xas long as short
Lighter DOGE+0.0096%1h0.1004+0.104%$791K$5.4M15xas long as short
Gate DOGE_USDT+0.0096%8h0.1004+0.050%$241.7M$124.5M75xas long as short
Katana Perps DOGE-USD+0.0097%8h0.1004+0.050%$838$371K10xas long as short
Nado DOGE-PERP+0.0100%1h0.1005+0.140%$570K$861K10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.1004+0.079%$4.9M$43.8M75xas long as short
Pacifica DOGE+0.0100%1h0.1005+0.143%$335K$509K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1004+0.106%$319.6M$1.32B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1004+0.070%$159.2M$421.0M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1004+0.090%$109.4M$931.4M50xas long as short
Arcus DOGE-USD+0.0100%1h0.1005+0.150%$28K$76K10xas long as short
Bulk DOGE-USD+0.0100%1h0.1006+0.302%$386K$14K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.1004+0.080%$112.1M$217.7M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1004+0.110%$66.1M$41.0M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1004+0.100%$74.8Mas long as short
Variational Omni DOGE+0.0100%8h0.1007+0.391%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1008+0.451%$276K$116.4M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1008+0.438%$634K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1009+0.578%$148K$245K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1004+0.070%$268K$542K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1004+0.090%$73K$432K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1004+0.076%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1005+0.187%$36K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1004+0.080%$2K$3.6M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1004+0.115%$6.0M$50.4M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1003+0.030%$93.0M$19.2M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1004+0.122%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1004+0.040%$559K$3.6M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1004+0.090%$19K3xas long as short
Reya DOGERUSDPERP+0.0177%1h0.1004+0.081%$2K20xas long as short
01 Exchange DOGEUSD+0.0184%1h0.1004+0.081%$530$4K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0216%1h0.1005+0.140%$2.0M$23.6M50xas long as short
BloFin DOGE-USDT+0.0220%8h0.1005+0.150%$15.3M$24.9M75xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0246% / S −0.0193%1h0.1004+0.107%$361K200xas long as short
Kraken Futures PF_DOGEUSD+0.0363%1h0.1004+0.045%$5.9M$32.8M50xas long as short
Backpack DOGE_USDC_PERP+0.0410%1h0.1004+0.110%$536K$956K15xas long as short
Hyperliquid DOGE+0.0454%1h0.1005+0.159%$111.7M$83.2M10xas long as short
RISEx DOGE/USDC+0.0702%1h0.1005+0.150%$315K$476K10xas long as short
Injective DOGE/USDC PERP+0.0966%1h0.1006+0.279%$5K$223K12xas long as short