Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1117%/8h= −122.3% APRpaid last 24h −0.211%

Price spread now: edgeX against Injective−6.072%7-day average −0.217% · you buy dearer than you sell

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

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.493%−$149 on $10k

Price spread, last 4 days (all we have)+6.096%+$610 · spread now −6.072%, 7d avg −0.217%

Together, before fees+4.603%+ Points / potential airdropedgeX: Active · farm board+$460 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and edgeX is 5.855% cheaper against Injective than usual: you would sell low and buy high (−$585 if the spread goes back to its 7-day average of −0.217%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DOGE/USDC PERP	0.1053	0.1217	pay 0.0152% / 1h	27m 14s	$6K	$242K	12x
Short	edgeX DOGEUSDC	0.09891	0.0100	get 0.0050% / 4h	2h 27m	$304K	$138.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now −6.072%Rate

Funding earned: −$234.47
Price spread: −6.072% → −0.217%: −$585.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$828.96
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 87 min ago; edgeX: live order book, 2 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 Injective live order book, 87 min ago	38.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	2.03 bp	6.5 bp −$7	6.9 bp −$69	14.1 bp −$1,407	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
Kalshi KXDOGEPERP	0.0000%	8h	0.09863	−6.337%	$594K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09850	−6.455%	$33K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09844	−6.519%	$5.6M	$39.8M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0026%	1h	0.09854	−6.423%	$266K	$1.2M	10x	as long as short
dYdX DOGE-USD	+0.0042%	1h	0.09859	−6.368%	$221K	$70K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09857	−6.387%	$841K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09865	−6.315%	$534K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09849	−6.466%	$4.4M	$57.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09866	−6.307%	$316K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09849	−6.465%	$321.6M	$1.68B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09853	−6.429%	$161.9M	$516.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09855	−6.410%	$114.0M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09900	−5.983%	$380K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09855	−6.410%	$244.7M	$151.9M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09856	−6.401%	$107.7M	$253.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09860	−6.363%	$65.3M	$49.5M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09841	−6.543%	$132.3M	$333.2M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09852	−6.439%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09863	−6.334%	$294K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09877	−6.202%	$1.0M	$8.7M	—	as long as short
edgeX DOGEUSDCshort	+0.0100%	4h	0.09891	−6.072%	$304K	$138.6M	20x
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09890	−6.078%	$628K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09890	−6.078%	$147K	$340K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09844	−6.515%	$63K	$469K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09843	−6.522%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09862	−6.344%	$34K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09846	−6.496%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09849	−6.471%	$5.8M	$67.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09848	−6.477%	$90.6M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09864	−6.329%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09841	−6.541%	$480K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09846	−6.500%	$19K	—	3x	as long as short
Hyperliquid DOGE	+0.0104%	1h	0.09868	−6.291%	$122.8M	$115.0M	10x	as long as short
Katana Perps DOGE-USD	+0.0112%	8h	0.09855	−6.410%	$823	$524K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0167%	1h	0.09848	−6.478%	$559K	$247K	25x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.09869	−6.279%	$439	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0194%	1h	0.09858	−6.378%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09854	−6.420%	$15.9M	$26.6M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.09873	−6.239%	$107K	$207K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09885	−6.124%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0286%	1h	0.09853	−6.434%	$315K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09843	−6.524%	$1.9M	$33.7M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.09868	−6.283%	$397K	$442K	10x	as long as short
Injective DOGE/USDC PERPlong	+0.1217%	1h	0.1053	long leg	$6K	$242K	12x