Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.026%

Price spread now: Gate against Deribit−0.153%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.153%, 7d avg −0.022%

Together, before fees+0.257%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.131% cheaper against Deribit than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of −0.022%). If the spread goes back, that is −$13 on $10k: about 6.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DOGE_USDC-PERPETUAL	0.09953	0.0001	pay 0.0000% / 1h	14m 01s	$622K	$106K	25x
Short	Gate DOGE_USDT	0.09938	0.0072	get 0.0072% / 8h	2h 14m	$236.8M	$120.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.153%Rate

Funding earned: $14.91
Price spread: −0.153% → −0.022%: −$13.1
Slippage, 4 orders: −$14.78
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.97
Costs to cover: 0.368%
Break-even: 23.4 days

Slippage from Deribit: live order book, 10 min ago; Gate: live order book, 5 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, 10 min ago	3.01 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.50 bp	10.9 bp −$11	19.0 bp −$190	29.2 bp −$2,918	48.3 bp −$24.1K

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	−0.0281%	8h	0.09921	−0.324%	$152.1M	$261.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09938	−0.157%	$368K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUALlong	+0.0001%	1h	0.09953	long leg	$622K	$106K	25x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09948	−0.053%	$32K	—	150x	as long as short
Gate DOGE_USDTshort	+0.0072%	8h	0.09938	−0.153%	$236.8M	$120.6M	75x
Phoenix DOGE	+0.0080%	1h	0.09978	+0.246%	$15K	$225K	10x	as long as short
dYdX DOGE-USD	+0.0089%	1h	0.09929	−0.242%	$223K	$44K	10x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09932	−0.213%	$841	$344K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09950	−0.032%	$782K	$5.1M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09932	−0.213%	$629K	$698K	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	0.09946	−0.070%	$4.8M	$40.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09931	−0.225%	$335K	$495K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09934	−0.192%	$314.6M	$1.27B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09929	−0.243%	$158.4M	$399.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09934	−0.193%	$109.1M	$893.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09937	−0.163%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09975	+0.219%	$382K	$15K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09943	−0.102%	$113.0M	$220.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09948	−0.052%	$65.2M	$39.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09938	−0.153%	—	$73.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09913	−0.403%	$933K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09944	−0.095%	$264K	$112.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09945	−0.087%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	−0.133%	$144K	$226K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09932	−0.213%	$272K	$528K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09951	−0.022%	$57K	$397K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09949	−0.043%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09933	−0.205%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09950	−0.032%	$2K	$3.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09952	−0.016%	$6.0M	$47.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09946	−0.072%	$92.2M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09928	−0.250%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09929	−0.247%	$547K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09951	−0.022%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09935	−0.186%	$525	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0174%	1h	0.09937	−0.162%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09941	−0.123%	$15.2M	$23.9M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09935	−0.183%	$2.0M	$22.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0247%	1h	0.09948	−0.049%	$317K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0254%	1h	0.09945	−0.082%	$525K	$931K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0287%	1h	0.09949	−0.041%	$6.0M	$31.8M	50x	as long as short
Hyperliquid DOGE	+0.0416%	1h	0.09947	−0.059%	$109.6M	$79.4M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09937	−0.163%	$312K	$472K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09950	−0.032%	$5K	$180K	12x	as long as short