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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0866%/8h= +94.8% APRpaid last 24h +0.201%
Price spread now: Injective against HTX+0.227%55s7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs+$72as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$760.758% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.475%+$148 on $10k
Price spread, last 3 days (all we have)−0.337%−$34 · spread now +0.227%, 7d avg +0.161%
Together, before fees+1.138%+$114 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Injective is 0.066% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.161%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX DOGE-USDT0.10040.0100pay 0.0100% / 8h1h 19m$6.0M$50.3M75x
ShortInjective DOGE/USDC PERP0.10060.0966get 0.0121% / 1h19m 21s$5K$223K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$181.85
Price spread: +0.227% → +0.161%
$6.62
Slippage, 4 orders
−$63.77
Fee HTX: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$112.68
Costs to cover
0.758%
Break-even
2.7 days
Slippage from HTX: live order book, 5 min ago; Injective: live order book, 65 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, 5 min ago1.44 bp7.8 bp −$813.5 bp −$13546.0 bp −$4,604doesn't fit
Sell Injective live order book, 65 min ago30.12 bp30.1 bp −$30doesn't fitdoesn'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−0.0263%8h0.1003−0.042%$153.2M$266.4M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1007+0.320%$418K$4.7M2.8xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.1004+0.063%$608K$109K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S −0.0001%1h0.1005+0.088%$32K150xas long as short
dYdX DOGE-USD+0.0014%1h0.1004+0.056%$225K$44K10xas long as short
Phoenix DOGE+0.0081%1h0.1009+0.489%$67K$222K10xas long as short
Gate DOGE_USDT+0.0092%8h0.1004+0.068%$241.9M$124.4M75xas long as short
Lighter DOGE+0.0096%1h0.1005+0.108%$792K$5.4M15xas long as short
Katana Perps DOGE-USD+0.0097%8h0.1004+0.038%$839$371K10xas long as short
Nado DOGE-PERP+0.0100%1h0.1004+0.023%$578K$856K10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.1005+0.079%$5.0M$43.7M75xas long as short
Pacifica DOGE+0.0100%1h0.1005+0.086%$335K$509K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1005+0.119%$320.1M$1.32B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1004+0.078%$159.3M$421.0M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1004+0.048%$109.5M$931.2M50xas long as short
Arcus DOGE-USD+0.0100%1h0.1005+0.088%$28K$76K10xas long as short
Bulk DOGE-USD+0.0100%1h0.1006+0.250%$386K$14K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.1005+0.157%$110.8M$217.5M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1004+0.048%$66.0M$41.0M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1005+0.128%$74.8Mas long as short
Variational Omni DOGE+0.0100%8h0.1007+0.339%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1008+0.399%$276K$116.4M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1008+0.386%$634K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1009+0.526%$148K$245K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1004+0.068%$268K$541K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1004+0.038%$73K$432K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1004+0.029%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1005+0.127%$36K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1004−0.002%$2K$3.6M10xas long as short
HTX DOGE-USDTlong+0.0100%8h0.1004long leg$6.0M$50.3M75x
Phemex DOGEUSDT+0.0100%8h0.1004−0.012%$93.0M$19.2M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1004+0.053%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1004+0.018%$559K$3.6M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1004+0.067%$19K3xas long as short
Reya DOGERUSDPERP+0.0177%1h0.1005+0.119%$2K20xas long as short
01 Exchange DOGEUSD+0.0184%1h0.1004+0.073%$530$4K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0216%1h0.1006+0.227%$2.0M$23.7M50xas long as short
BloFin DOGE-USDT+0.0220%8h0.1007+0.347%$15.4M$25.1M75xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0246% / S −0.0222%1h0.1005+0.109%$340K200xas long as short
Kraken Futures PF_DOGEUSD+0.0363%1h0.1003−0.033%$5.9M$32.8M50xas long as short
Backpack DOGE_USDC_PERP+0.0413%1h0.1004+0.078%$537K$956K15xas long as short
Hyperliquid DOGE+0.0451%1h0.1007+0.277%$111.7M$83.1M10xas long as short
RISEx DOGE/USDC+0.0702%1h0.1005+0.093%$315K$476K10xas long as short
Injective DOGE/USDC PERPshort+0.0966%1h0.1006+0.227%$5K$223K12x