Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against HTX−0.133%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.133%, 7d avg −0.048%

Together, before fees+0.191%+ Points / potential airdropNado: Active · farm board+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.086% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DOGE-USDT	0.09893	0.0100	pay 0.0100% / 8h	5h 06m	$5.9M	$56.9M	75x
Short	Nado DOGE-PERP	0.09879	0.0100	get 0.0012% / 1h	6m 15s	$525K	$999K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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

Position, each leg$Hold fordaysFee HTXbpFee NadobpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.048%: −$8.56
Slippage, 4 orders: −$12.67
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$40.22
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Nado: live order book, 57 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 HTX live order book, 3 min ago	0.86 bp	7.6 bp −$8	12.4 bp −$124	41.8 bp −$4,175	doesn't fit
Sell Nado live order book, 57 min ago	1.50 bp	8.5 bp −$8	19.5 bp −$195	doesn't fit	doesn't fit

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	−0.0072%	8h	0.09880	−0.128%	$149.5M	$274.2M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09893	+0.003%	$222K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09897	+0.048%	$427K	$5.2M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09889	−0.035%	$591K	$118K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09887	−0.055%	$23K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09898	+0.050%	$749K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09887	−0.058%	$893	$444K	10x	as long as short
Nado DOGE-PERPshort	+0.0100%	1h	0.09879	−0.133%	$525K	$999K	10x
Aster DOGEUSDT	+0.0100%	8h	0.09888	−0.048%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09900	+0.078%	$325K	$484K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09894	+0.013%	$316.5M	$1.45B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09895	+0.023%	$159.3M	$441.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09895	+0.023%	$110.0M	$984.9M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	+0.740%	$382K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09885	−0.078%	$241.5M	$134.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09891	−0.017%	$110.2M	$232.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09881	−0.118%	$65.4M	$43.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09889	−0.037%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09908	+0.155%	$325K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09931	+0.383%	$982K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09941	+0.491%	$296K	$128.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09944	+0.522%	$633K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	+0.478%	$145K	$281K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09880	−0.131%	$251K	$749K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09888	−0.048%	$69K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09887	−0.053%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09907	+0.149%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09892	−0.007%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDTlong	+0.0100%	8h	0.09893	long leg	$5.9M	$56.9M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09897	+0.043%	$91.1M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0102%	8h	0.09893	−0.002%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09886	−0.063%	$496K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09887	−0.058%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0188%	1h	0.09887	−0.056%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09888	−0.046%	$527	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09908	+0.155%	$15.5M	$25.0M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09962	+0.705%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09888	−0.052%	$309K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09897	+0.043%	$2.3M	$26.3M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0309%	1h	0.09893	+0.005%	$5.7M	$35.3M	50x	as long as short
Hyperliquid DOGE	+0.0502%	1h	0.09898	+0.057%	$120.7M	$99.4M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09889	−0.042%	$399K	$390K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09897	+0.043%	$117K	$189K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09960	+0.680%	$5K	$239K	12x	as long as short