Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%

Price spread now: SoDEX against Katana Perps−0.090%7-day average +0.010% · you buy dearer than you sell

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

Long on Katana Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.090%, 7d avg +0.010%

Together, before fees+0.112%+$11 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: SoDEX is 0.100% cheaper against Katana Perps than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps DOGE-USD	0.1004	0.0099	pay 0.0099% / 8h	5h 51m	$839	$434K	10x
Short	SoDEX DOGE-USD	0.1003	0.0100	get 0.0013% / 1h	51m 57s	$2K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Katana Perps. 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 Katana PerpsbpFee SoDEXbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0.15
Price spread: −0.090% → +0.010%: −$9.98
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.64
Costs to cover: 0.118%
Break-even: 1037.3 days

Slippage unknown: Katana Perps: no order-book sample; SoDEX: 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 Katana Perps no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 2 min ago	0.50 bp	4.5 bp −$5	7.9 bp −$79	146.5 bp −$14.6K	doesn't fit

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DOGE on 43 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	−0.0091%	8h	0.1002	−0.229%	$151.7M	$273.5M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1004	−0.004%	$225K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.004%	$438K	$5.1M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1003	−0.142%	$599K	$118K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1003	−0.131%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.1004	−0.005%	$816K	$6.1M	15x	as long as short
Katana Perps DOGE-USDlong	+0.0099%	8h	0.1004	long leg	$839	$434K	10x
Nado DOGE-PERP	+0.0100%	1h	0.1004	−0.045%	$535K	$989K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1004	−0.082%	$4.7M	$48.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1005	+0.040%	$330K	$482K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1003	−0.117%	$320.9M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1003	−0.139%	$160.7M	$438.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1003	−0.139%	$111.6M	$988.5M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	−0.538%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1003	−0.179%	$243.5M	$131.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1003	−0.129%	$114.4M	$229.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	−0.219%	$66.2M	$43.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	−0.269%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1003	−0.129%	$330K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.191%	$998K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09991	−0.530%	$296K	$128.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09953	−0.905%	$625K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	−0.936%	$146K	$274K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	+0.010%	$257K	$730K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.209%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	−0.163%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	−0.047%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.1003	−0.090%	$2K	$3.8M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1003	−0.183%	$6.0M	$56.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	−0.090%	$92.4M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1003	−0.176%	$562K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1003	−0.152%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0105%	8h	0.1004	+0.003%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0186%	1h	0.1005	+0.022%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.1005	+0.078%	$536	$4K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09951	−0.927%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.1004	−0.064%	$312K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.1003	−0.129%	$2.3M	$26.0M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0305%	1h	0.1004	−0.088%	$5.8M	$34.8M	50x	as long as short
Hyperliquid DOGE	+0.0414%	1h	0.1004	−0.020%	$122.3M	$99.6M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.1005	+0.015%	$404K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.1006	+0.119%	$129K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1004	−0.040%	$5K	$239K	12x	as long as short