Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.038%

Price spread now: HTX against GMX−0.021%7-day average −0.002% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.123%−$12 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.021%, 7d avg −0.002%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DOGE/USD [ETH-USDC]	0.1007	L +0.0246% / S −0.0270%	pay 0.0031% / 1h	23m 38s	$315K	—	200x
Short	HTX DOGE-USDT	0.1007	0.0100	get 0.0100% / 8h	1h 23m	$6.0M	$50.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$30.66
Price spread: −0.021% → −0.002%: −$1.87
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$56.53
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 5 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	0.05 bp	7.0 bp −$7	14.1 bp −$141	46.6 bp −$4,661	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0264%	8h	0.1005	−0.214%	$153.5M	$266.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	−0.034%	$419K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1006	−0.049%	$609K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1007	−0.005%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0007%	1h	0.1005	−0.163%	$226K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09976	−0.930%	$66K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0092%	8h	0.1006	−0.144%	$242.2M	$124.1M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1006	−0.086%	$793K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1006	−0.104%	$842	$370K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	−0.099%	$578K	$855K	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	0.1005	−0.188%	$5.0M	$43.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1005	−0.163%	$336K	$508K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1005	−0.164%	$320.2M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1006	−0.124%	$159.7M	$420.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1006	−0.114%	$109.6M	$932.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1007	−0.015%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	−1.031%	$382K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1006	−0.134%	$111.2M	$217.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1005	−0.233%	$66.1M	$40.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1006	−0.094%	—	$74.6M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.588%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1000	−0.678%	$276K	$115.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	−0.551%	$630K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.690%	$146K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	−0.074%	$268K	$540K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1006	−0.084%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1006	−0.090%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	+0.072%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1007	−0.045%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.1007	−0.021%	$6.0M	$50.3M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.1006	−0.065%	$93.2M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1005	−0.237%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1006	−0.144%	$556K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1006	−0.079%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1007	−0.024%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1007	−0.027%	$532	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1008	+0.055%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1004	−0.323%	$15.4M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]long	L +0.0246% / S −0.0270%	1h	0.1007	long leg	$315K	—	200x
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1006	−0.060%	$6.0M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0413%	1h	0.1007	+0.015%	$538K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0435%	1h	0.1006	−0.124%	$111.3M	$82.7M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	−0.005%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1005	−0.194%	$5K	$207K	12x	as long as short