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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.1117%/8h= −122.3% APRnext payment $1.40 per $10,000 · paid last 24h −0.211%
Price spread now: SoDEX against Injective−5.366%62s7-day average −0.195% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.743%−$74 on $10k
Price spread, last 4 days (all we have)+5.456%+$546 · spread now −5.366%, 7d avg −0.195%
Together, before fees+4.713%+$471 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 SoDEX is 5.171% cheaper against Injective than usual: you would sell low and buy high (−$517 if the spread goes back to its 7-day average of −0.195%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective DOGE/USDC PERP0.10530.1217pay 0.0152% / 1h49m 57s$6K$242K12x
ShortSoDEX DOGE-USD0.099650.0100get 0.0013% / 1h49m 57s$2K$5.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$234.47
Price spread: −5.366% → −0.195%
−$517.07
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$759.56
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Injective: live order book, 64 min ago; SoDEX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 64 min ago38.06 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell SoDEX live order book, 4 min ago0.50 bp4.5 bp −$58.4 bp −$84153.8 bp −$15.4Kdoesn'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
dYdX DOGE-USD0.0000%1h0.09992−5.105%$224K$70K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09993−5.099%$646K$6.4M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09980−5.221%$34K150xas long as short
Kraken Futures PF_DOGEUSD+0.0002%1h0.09965−5.365%$5.5M$39.6M50xas long as short
Polymarket Perps DOGE-USD+0.0009%1h0.09976−5.258%$265K$1.2M10xas long as short
Lighter DOGE+0.0096%1h0.09972−5.300%$736K$6.5M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09983−5.195%$541K$1.1M10xas long as short
Hyperliquid DOGE+0.0100%1h0.09970−5.321%$124.4M$114.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09972−5.299%$4.4M$56.4M75xas long as short
Pacifica DOGE+0.0100%1h0.09999−5.041%$320K$524K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09971−5.308%$324.5M$1.66B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09970−5.318%$162.6M$512.0M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09974−5.280%$114.3M$1.16B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1000−5.030%$384K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09969−5.328%$245.9M$149.4M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09971−5.309%$114.2M$250.0M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09966−5.356%$66.2M$49.2M75xas long as short
Bitget DOGEUSDT+0.0100%8h0.09969−5.328%$131.7M$325.5M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09971−5.309%$80.1Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09959−5.423%$309K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.1000−5.007%$1.1M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09997−5.062%$312K$137.9M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09999−5.043%$632K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1000−5.033%$150K$336K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09979−5.233%$64K$464K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09977−5.253%$19K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09984−5.185%$35K$2.3M30xas long as short
SoDEX DOGE-USDshort+0.0100%1h0.09965−5.366%$2K$5.2M10x
HTX DOGE-USDT+0.0100%8h0.09964−5.373%$5.9M$67.0M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09969−5.328%$91.7M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09993−5.102%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09965−5.367%$480K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09978−5.242%$19K3xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0111%1h0.09981−5.218%$567K$248K25xas long as short
Katana Perps DOGE-USD+0.0114%8h0.09994−5.090%$1K$516K10xas long as short
01 Exchange DOGEUSD+0.0160%1h0.09999−5.047%$445$4K10xas long as short
Reya DOGERUSDPERP+0.0193%1h0.09980−5.221%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1001−4.986%$16.0M$26.9M75xas long as short
Arcus DOGE-USD+0.0231%1h0.1001−4.986%$108K$207K10xas long as short
Phoenix DOGE+0.0240%1h0.1001−4.971%$18K$382K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0252% / S −0.0289%1h0.09981−5.215%$323K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.09968−5.337%$2.0M$33.8M50xas long as short
RISEx DOGE/USDC+0.0686%1h0.10000−5.038%$403K$439K10xas long as short
Injective DOGE/USDC PERPlong+0.1217%1h0.1053long leg$6K$242K12x