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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h 0.000%
Price spread now: SoDEX against Bybit+0.041%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.226% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.041%, 7d avg +0.011%
Together, before fees−0.035%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit DOGEUSDT0.097750.0010pay 0.0010% / 8h4h 45m$164.3M$493.4M75x
ShortSoDEX DOGE-USD0.097790.0100get 0.0013% / 1h45m 01s$2K$5.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. 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
$18.97
Price spread: +0.041% → +0.011%
$3.01
Slippage, 4 orders
−$3.59
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$0.61
Costs to cover
0.226%
Break-even
7.2 days
Slippage from Bybit: live order book, 2 min ago; SoDEX: live order book, 2 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 Bybit live order book, 2 min ago0.51 bp6.0 bp −$68.6 bp −$8618.8 bp −$1,88141.9 bp −$20.9K
Sell SoDEX live order book, 2 min ago0.51 bp4.6 bp −$58.2 bp −$82150.7 bp −$15.1Kdoesn't fit

DOGE on 44 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_DOGEUSD−0.0080%1h0.09780+0.056%$5.3M$39.0M50xas long as short
Bitget DOGEUSDT−0.0053%8h0.09772−0.031%$137.9M$289.0M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09774−0.013%$500K$6.1M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09772−0.033%$32K150xas long as short
Bybit DOGEUSDTlong+0.0010%8h0.09775long leg$164.3M$493.4M75x
Injective DOGE/USDC PERP+0.0033%1h0.1053+7.724%$6K$240K12xas long as short
dYdX DOGE-USD+0.0062%1h0.09768−0.067%$229K$75K10xas long as short
Gate DOGE_USDT+0.0071%8h0.09777+0.020%$251.5M$143.2M75xas long as short
Lighter DOGE+0.0096%1h0.09785+0.101%$799K$6.3M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.09768−0.072%$935$532K10xas long as short
Show all 44 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex DOGE-USD-PERP+0.0100%8h0.09767−0.079%$18K$5K30xas long as short
Nado DOGE-PERP+0.0100%1h0.09774−0.010%$508K$1.1M10xas long as short
Hyperliquid DOGE+0.0100%1h0.09786+0.113%$121.0M$107.3M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09779+0.041%$4.9M$57.5M75xas long as short
Pacifica DOGE+0.0100%1h0.09771−0.039%$309K$442K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09779+0.046%$322.4M$1.60B75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09782+0.072%$116.1M$1.09B50xas long as short
Arcus DOGE-USD+0.0100%1h0.097750.000%$15K$308K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09772−0.035%$373K$5K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.09780+0.051%$113.9M$252.0M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09780+0.051%$64.0M$45.3M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09774−0.010%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09778+0.031%$309K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.09748−0.276%$1.1M$7.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09745−0.308%$255K$125.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09770−0.050%$625K$3.9M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09750−0.256%$137K$345K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09773−0.024%$205K$1.2M10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09774−0.010%$67K$421K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09774−0.011%$18K$6K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09776+0.012%$34K$1.9M30xas long as short
SoDEX DOGE-USDshort+0.0100%1h0.09779+0.041%$2K$5.2M10x
HTX DOGE-USDT+0.0100%8h0.09785+0.105%$5.9M$64.6M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09779+0.041%$88.9M$15.7M50xas long as short
Extended DOGE-USD+0.0104%1h0.09773−0.023%$495K$3.4M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09774−0.011%$19K3xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0139%1h0.09778+0.032%$545K$292K25xas long as short
Phoenix DOGE+0.0163%1h0.09773−0.024%$18K$306K10xas long as short
01 Exchange DOGEUSD+0.0184%1h0.09778+0.027%$450$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0206% / S −0.0187%1h0.09771−0.040%$286K200xas long as short
Reya DOGERUSDPERP+0.0209%1h0.09772−0.032%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.097750.000%$15.4M$25.7M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0248%1h0.09780+0.051%$2.3M$32.7M50xas long as short
RISEx DOGE/USDC+0.0631%1h0.09777+0.015%$404K$392K10xas long as short