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

DOGE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0590%/8h= +64.6% APRpaid last 24h +0.009%
Price spread now: Arcus against HTX+0.176%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$290.288% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.005%+$1 on $10k
Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.176%, 7d avg −0.020%
Together, before fees−0.114%−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Arcus is 0.196% dearer against HTX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.020%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.005% in total (about 0.5% 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
LongHTX DOGE-USDT0.10010.0100pay 0.0100% / 8h4h 22m$6.0M$58.1M75x
ShortArcus DOGE-USD0.10030.0690get 0.0086% / 1h22m 09s$109K$199K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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
$123.96
Price spread: +0.176% → −0.020%
$19.57
Slippage, 4 orders
−$12.34
Fee HTX: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$114.69
Costs to cover
0.288%
Break-even
0.5 days
Slippage from HTX: live order book, 2 min ago; Arcus: live order book, 32 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 HTX live order book, 2 min ago0.70 bp8.1 bp −$815.2 bp −$15246.1 bp −$4,605doesn't fit
Sell Arcus live order book, 32 min ago2.02 bp8.1 bp −$826.4 bp −$264doesn't fitdoesn'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
Bitget DOGEUSDT−0.0040%8h0.09982−0.264%$150.9M$276.5M75xas long as short
Kraken Futures PF_DOGEUSD−0.0032%1h0.09998−0.101%$5.7M$35.7M50xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1001−0.034%$396K$5.2M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1000−0.082%$24K150xas long as short
dYdX DOGE-USD+0.0016%1h0.09998−0.103%$224K$49K10xas long as short
Lighter DOGE+0.0096%1h0.1000−0.068%$733K$6.3M15xas long as short
Katana Perps DOGE-USD+0.0097%8h0.1001+0.036%$904$456K10xas long as short
Nado DOGE-PERP+0.0100%1h0.1001−0.004%$526K$1.0M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09999−0.091%$4.7M$49.4M75xas long as short
Pacifica DOGE+0.0100%1h0.1001−0.026%$325K$483K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09999−0.090%$323.8M$1.47B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09998−0.104%$163.1M$447.5M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1000−0.084%$112.8M$1.01B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1002+0.112%$385K$85910xas long as short
Gate DOGE_USDT+0.0100%8h0.09981−0.274%$246.0M$134.9M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09984−0.244%$111.6M$235.6M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09984−0.244%$66.1M$43.7M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09986−0.224%$77.0Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09984−0.244%$321K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.1002+0.072%$1.1M$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1003+0.240%$300K$130.4M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1001+0.063%$638K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1004+0.316%$146K$288K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1001−0.004%$258K$863K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1000−0.054%$70K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1000−0.048%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1002+0.119%$36K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09999−0.094%$2K$4.0M10xas long as short
HTX DOGE-USDTlong+0.0100%8h0.1001long leg$6.0M$58.1M75x
Phemex DOGEUSDT+0.0100%8h0.09989−0.194%$91.9M$16.9M50xas long as short
Paradex DOGE-USD-PERP+0.0101%8h0.1001+0.007%$18K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.09998−0.099%$498K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1000−0.069%$19K3xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0140%1h0.1000−0.039%$598K$119K25xas long as short
Reya DOGERUSDPERP+0.0190%1h0.1001−0.032%$2K20xas long as short
01 Exchange DOGEUSD+0.0208%1h0.1002+0.138%$534$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.09995−0.134%$15.6M$25.4M75xas long as short
Phoenix DOGE+0.0242%1h0.1003+0.203%$65K$288K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0247% / S −0.0269%1h0.1000−0.082%$313K200xas long as short
Hyperliquid DOGE+0.0262%1h0.09993−0.154%$121.8M$101.4M10xas long as short
Coinbase International DOGE-PERP-INTX+0.0296%1h0.1001−0.024%$2.3M$27.3M50xas long as short
Arcus DOGE-USDshort+0.0690%1h0.1003+0.176%$109K$199K10x
RISEx DOGE/USDC+0.0695%1h0.1002+0.121%$405K$413K10xas long as short
Injective DOGE/USDC PERP+0.1004%1h0.1005+0.416%$5K$239K12xas long as short