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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.031%
Price spread now: Coinbase International against edgeX+0.114%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$340.338% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.082%−$8 on $10k
Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.114%, 7d avg +0.045%
Together, before fees−0.147%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.069% dearer against edgeX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.045%. Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% 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
LongedgeX DOGEUSDC0.098870.0100pay 0.0050% / 4h2h 29m$304K$138.9M20x
ShortCoinbase International DOGE-PERP-INTX0.098980.0304get 0.0038% / 1h29m 21s$2.0M$33.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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
$42.84
Price spread: +0.114% → +0.045%
$6.9
Slippage, 4 orders
−$14.8
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$15.94
Costs to cover
0.338%
Break-even
4.4 days
Slippage from edgeX: live order book, 5 min ago; Coinbase International: live order book, 5 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 edgeX live order book, 5 min ago1.01 bp6.5 bp −$76.9 bp −$6914.0 bp −$1,400doesn't fit
Sell Coinbase International live order book, 5 min ago2.02 bp9.3 bp −$915.8 bp −$15838.4 bp −$3,843doesn't fit

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
Kalshi KXDOGEPERP0.0000%8h0.09881−0.056%$639K$6.4M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09886−0.012%$34K150xas long as short
Kraken Futures PF_DOGEUSD+0.0002%1h0.09895+0.079%$5.6M$39.8M50xas long as short
Polymarket Perps DOGE-USD+0.0029%1h0.09885−0.013%$267K$1.2M10xas long as short
dYdX DOGE-USD+0.0045%1h0.09878−0.085%$222K$70K10xas long as short
Lighter DOGE+0.0096%1h0.09891+0.038%$843K$6.7M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09891+0.048%$535K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09891+0.038%$4.4M$57.0M75xas long as short
Pacifica DOGE+0.0100%1h0.09888+0.011%$316K$516K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09891+0.040%$323.0M$1.68B75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit DOGEUSDT+0.0100%8h0.09881−0.058%$162.3M$516.4M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09884−0.028%$114.8M$1.16B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09900+0.134%$380K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09889+0.023%$246.5M$151.7M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09893+0.063%$109.8M$253.2M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09892+0.053%$65.5M$49.5M75xas long as short
Bitget DOGEUSDT+0.0100%8h0.09880−0.068%$132.8M$332.7M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09886−0.008%$80.3Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09894+0.073%$298K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09877−0.099%$1.0M$8.7Mas long as short
edgeX DOGEUSDClong+0.0100%4h0.09887long leg$304K$138.9M20x
GRVT DOGE_USDT_Perp+0.0100%8h0.09882−0.048%$628K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09890+0.033%$147K$339K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09882−0.048%$63K$469K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09882−0.044%$18K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09885−0.021%$34K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09894+0.073%$2K$5.3M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09889+0.028%$5.9M$67.8M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09895+0.083%$91.0M$17.0M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09883−0.043%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09888+0.011%$482K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09885−0.023%$19K3xas long as short
Katana Perps DOGE-USD+0.0112%8h0.09895+0.083%$2K$524K10xas long as short
Hyperliquid DOGE+0.0113%1h0.09898+0.115%$123.1M$115.0M10xas long as short
01 Exchange DOGEUSD+0.0184%1h0.09900+0.131%$440$4K10xas long as short
Reya DOGERUSDPERP+0.0194%1h0.09890+0.032%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09887+0.002%$16.0M$26.7M75xas long as short
Arcus DOGE-USD+0.0231%1h0.09906+0.195%$107K$207K10xas long as short
Phoenix DOGE+0.0240%1h0.09885−0.017%$18K$382K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0286%1h0.09887+0.004%$316K200xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0286%1h0.09896+0.093%$562K$247K25xas long as short
Coinbase International DOGE-PERP-INTXshort+0.0304%1h0.09898+0.114%$2.0M$33.8M50x
RISEx DOGE/USDC+0.0686%1h0.09901+0.149%$399K$442K10xas long as short
Injective DOGE/USDC PERP+0.1217%1h0.1053+6.506%$6K$242K12xas long as short