Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against OKX0.000%7-day average −0.006% · you sell dearer than you buy

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now 0.000%, 7d avg −0.006%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DOGE-USDT-SWAP	0.09778	0.0100	pay 0.0100% / 8h	5h 07m	$116.8M	$1.09B	50x
Short	Orderly PERP_DOGE_USDC	0.09778	0.0100	get 0.0100% / 8h	5h 07m	$67K	$423K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.006%: $0.65
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$15.35
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Orderly: no order-book sample. 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 OKX live order book, 5 min ago	0.51 bp	5.5 bp −$6	6.9 bp −$69	16.8 bp −$1,676	38.5 bp −$19.2K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 44 exchanges

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
Kraken Futures PF_DOGEUSD	−0.0140%	1h	0.09778	+0.004%	$5.3M	$39.1M	50x	as long as short
Bitget DOGEUSDT	−0.0048%	8h	0.09770	−0.082%	$138.1M	$292.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09784	+0.064%	$501K	$6.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09779	+0.015%	$32K	—	150x	as long as short
Bybit DOGEUSDT	+0.0003%	8h	0.09773	−0.051%	$164.4M	$493.7M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.691%	$6K	$240K	12x	as long as short
Gate DOGE_USDT	+0.0067%	8h	0.09776	−0.020%	$252.1M	$147.3M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09785	+0.067%	$18K	$311K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09788	+0.106%	$804K	$6.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09777	−0.010%	$936	$536K	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09779	+0.012%	$18K	$5K	30x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09778	0.000%	$508K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09788	+0.100%	$121.0M	$107.3M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09780	+0.020%	$4.9M	$57.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09784	+0.056%	$309K	$442K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09780	+0.021%	$323.1M	$1.60B	75x	as long as short
OKX DOGE-USDT-SWAPlong	+0.0100%	8h	0.09778	long leg	$116.8M	$1.09B	50x
Arcus DOGE-USD	+0.0100%	1h	0.09785	+0.072%	$15K	$308K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09789	+0.109%	$374K	$5K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09781	+0.031%	$112.9M	$252.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09782	+0.041%	$63.8M	$45.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09777	−0.010%	—	$46.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09779	+0.010%	$309K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09768	−0.102%	$1.3M	$7.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09775	−0.029%	$255K	$125.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09778	0.000%	$616K	$3.9M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09780	+0.020%	$138K	$345K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09779	+0.008%	$216K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDCshort	+0.0100%	8h	0.09778	0.000%	$67K	$423K	50x
Derive DOGE-PERP	+0.0100%	1h	0.09779	+0.007%	$18K	$6K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09785	+0.067%	$34K	$1.9M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09779	+0.010%	$3K	$5.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09785	+0.070%	$5.9M	$64.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09778	0.000%	$89.2M	$15.5M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09772	−0.058%	$479K	$3.4M	50x	as long as short
01 Exchange DOGEUSD	+0.0104%	1h	0.09784	+0.058%	$450	$4K	10x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09777	−0.010%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0108%	1h	0.09780	+0.016%	$547K	$292K	25x	as long as short
dYdX DOGE-USD	+0.0153%	1h	0.09785	+0.075%	$230K	$75K	10x	as long as short
Reya DOGERUSDPERP	+0.0208%	1h	0.09777	−0.007%	$2K	—	20x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0211% / S −0.0187%	1h	0.09773	−0.047%	$286K	—	200x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09782	+0.041%	$15.4M	$25.5M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0264%	1h	0.09782	+0.041%	$2.3M	$32.8M	50x	as long as short
RISEx DOGE/USDC	+0.0587%	1h	0.09785	+0.071%	$406K	$389K	10x	as long as short