Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.033%

Price spread now: Binance against Deribit−0.022%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

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

costs, in and out, $10k−$290.289% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.022%, 7d avg −0.012%

Together, before fees+0.175%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DOGE_USDC-PERPETUAL	0.09980	0	get 0.0000% / 1h	25m 49s	$601K	$117K	25x
Short	Binance DOGEUSDT	0.09978	0.0100	get 0.0100% / 8h	25m 49s	$316.4M	$1.37B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now −0.022%Rate

Funding earned: $21
Price spread: −0.022% → −0.012%: −$1
Slippage, 4 orders: −$11.94
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.94
Costs to cover: 0.289%
Break-even: 10.0 days

Slippage from Deribit: live order book, 53 min ago; Binance: live order book, 3 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 Deribit live order book, 53 min ago	4.98 bp	8.5 bp −$8	14.4 bp −$144	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.50 bp	5.5 bp −$6	7.8 bp −$78	16.8 bp −$1,676	38.8 bp −$19.4K

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 DOGEUSDT	−0.0238%	8h	0.09973	−0.067%	$152.0M	$269.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09986	+0.066%	$413K	$4.8M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUALlong	0.0000%	1h	0.09980	long leg	$601K	$117K	25x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09978	−0.014%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0054%	1h	0.09973	−0.064%	$224K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0076%	8h	0.09984	+0.043%	$240.5M	$127.3M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.09983	+0.033%	$790K	$5.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.09979	−0.007%	$2K	$390K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09981	+0.013%	$514K	$975K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09987	+0.077%	$4.9M	$45.6M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09982	+0.023%	$333K	$510K	20x	as long as short
Binance DOGEUSDTshort	+0.0100%	8h	0.09978	−0.022%	$316.4M	$1.37B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09974	−0.057%	$157.0M	$431.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09975	−0.047%	$108.8M	$945.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09988	+0.083%	$31K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1001	+0.278%	$383K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09985	+0.053%	$112.0M	$221.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09979	−0.007%	$65.6M	$41.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09988	+0.083%	—	$75.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09978	−0.014%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09998	+0.182%	$274K	$119.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.345%	$636K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1001	+0.304%	$147K	$250K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09974	−0.053%	$256K	$557K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09978	−0.017%	$73K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09976	−0.037%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09983	+0.031%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09978	−0.017%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09975	−0.050%	$6.0M	$51.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09980	+0.003%	$92.3M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09980	0.000%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09982	+0.021%	$525K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09979	−0.007%	$19K	—	3x	as long as short
Kraken Futures PF_DOGEUSD	+0.0105%	1h	0.09976	−0.041%	$5.9M	$33.4M	50x	as long as short
Reya DOGERUSDPERP	+0.0179%	1h	0.09979	−0.010%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09993	+0.133%	$15.4M	$25.2M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09986	+0.059%	$527	$4K	10x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1001	+0.270%	$67K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09981	+0.013%	$2.0M	$24.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0273%	1h	0.09978	−0.013%	$314K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0366%	1h	0.09987	+0.073%	$533K	$966K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.09989	+0.088%	$313K	$474K	10x	as long as short
Hyperliquid DOGE	+0.0891%	1h	0.09995	+0.150%	$117.4M	$89.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1003	+0.504%	$5K	$239K	12x	as long as short