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+0.0098%/8h= +10.7% APRpaid last 24h −0.061%
Price spread now: Bitget against Kraken Futures−0.026%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$350.354% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.116%−$12 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.026%, 7d avg −0.052%
Together, before fees−0.124%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.027% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_DOGEUSD0.098440.0002pay 0.0000% / 1h27m 10s$5.6M$39.8M50x
ShortBitget DOGEUSDT0.098410.0100get 0.0100% / 8h2h 27m$132.3M$333.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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
$20.51
Price spread: −0.026% → −0.052%
$2.67
Slippage, 4 orders
−$13.37
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$12.19
Costs to cover
0.354%
Break-even
11.2 days
Slippage from Kraken Futures: live order book, 2 min ago; Bitget: live order book, 2 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 Kraken Futures live order book, 2 min ago1.01 bp9.7 bp −$1012.4 bp −$12435.5 bp −$3,548doesn't fit
Sell Bitget live order book, 2 min ago1.01 bp7.8 bp −$89.5 bp −$9518.4 bp −$1,84538.3 bp −$19.1K

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
Kalshi KXDOGEPERP0.0000%8h0.09863+0.195%$594K$6.5M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09850+0.069%$33K150xas long as short
Kraken Futures PF_DOGEUSDlong+0.0002%1h0.09844long leg$5.6M$39.8M50x
Polymarket Perps DOGE-USD+0.0026%1h0.09854+0.103%$266K$1.2M10xas long as short
dYdX DOGE-USD+0.0042%1h0.09859+0.162%$221K$70K10xas long as short
Lighter DOGE+0.0096%1h0.09857+0.142%$841K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09865+0.218%$534K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09849+0.057%$4.4M$57.0M75xas long as short
Pacifica DOGE+0.0100%1h0.09866+0.227%$316K$516K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09849+0.058%$321.6M$1.68B75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit DOGEUSDT+0.0100%8h0.09853+0.096%$161.9M$516.6M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09855+0.117%$114.0M$1.16B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09900+0.574%$380K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09855+0.117%$244.7M$151.9M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09856+0.127%$107.7M$253.6M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09860+0.167%$65.3M$49.5M75xas long as short
Bitget DOGEUSDTshort+0.0100%8h0.09841−0.026%$132.3M$333.2M75x
BingX DOGE-USDC+0.0100%8h0.09852+0.086%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09863+0.198%$294K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09877+0.340%$1.0M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09891+0.479%$304K$138.6M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09890+0.472%$628K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09890+0.472%$147K$340K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09844+0.005%$63K$469K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09843−0.003%$18K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09862+0.188%$34K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09846+0.025%$2K$5.3M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09849+0.052%$5.8M$67.8M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09848+0.046%$90.6M$17.0M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09864+0.204%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09841−0.023%$480K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09846+0.020%$19K3xas long as short
Hyperliquid DOGE+0.0104%1h0.09868+0.245%$122.8M$115.0M10xas long as short
Katana Perps DOGE-USD+0.0112%8h0.09855+0.117%$823$524K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0167%1h0.09848+0.045%$559K$247K25xas long as short
01 Exchange DOGEUSD+0.0192%1h0.09869+0.257%$439$4K10xas long as short
Reya DOGERUSDPERP+0.0194%1h0.09858+0.151%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09854+0.107%$15.9M$26.6M75xas long as short
Arcus DOGE-USD+0.0231%1h0.09873+0.300%$107K$207K10xas long as short
Phoenix DOGE+0.0240%1h0.09885+0.422%$18K$382K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0286%1h0.09853+0.091%$315K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.09843−0.005%$1.9M$33.7M50xas long as short
RISEx DOGE/USDC+0.0686%1h0.09868+0.253%$397K$442K10xas long as short
Injective DOGE/USDC PERP+0.1217%1h0.1053+6.974%$6K$242K12xas long as short