Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h +0.014%

Price spread now: Reya against OKX−0.058%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.058% cheaper against OKX than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DOGE-USDT-SWAP	0.1008	0.0100	pay 0.0100% / 8h	40m 25s	$109.7M	$950.7M	50x
Short	Reya DOGERUSDPERP	0.1008	0.0178	get 0.0022% / 1h	40m 25s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.058%Rate

Funding earned: $16.47
Price spread: −0.058% → 0.000%: −$5.77
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$5.3
Costs to cover: 0.160%
Break-even: 9.3 days

Slippage unknown: OKX: live order book, 4 min ago; Reya: 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, 4 min ago	0.49 bp	5.5 bp −$5	7.1 bp −$71	18.1 bp −$1,807	43.5 bp −$21.7K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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	−0.0241%	8h	0.1007	−0.129%	$153.4M	$268.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1011	+0.273%	$420K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1011	+0.250%	$25K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0047%	1h	0.1010	+0.196%	$612K	$113K	25x	as long as short
Gate DOGE_USDT	+0.0076%	8h	0.1007	−0.079%	$243.0M	$126.4M	75x	as long as short
dYdX DOGE-USD	+0.0078%	1h	0.1008	−0.053%	$226K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1009	+0.099%	$812K	$5.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1008	+0.020%	$974	$389K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1008	−0.050%	$601K	$899K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1008	−0.026%	$5.0M	$45.3M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1008	+0.017%	$336K	$506K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1008	−0.020%	$322.2M	$1.36B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	−0.030%	$158.9M	$429.6M	75x	as long as short
OKX DOGE-USDT-SWAPlong	+0.0100%	8h	0.1008	long leg	$109.7M	$950.7M	50x
Arcus DOGE-USD	+0.0100%	1h	0.1008	+0.030%	$31K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1008	−0.020%	$386K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1008	−0.069%	$112.7M	$220.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1008	−0.069%	$66.2M	$41.8M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1008	−0.030%	—	$75.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1018	+1.014%	$1.1M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1018	+1.017%	$279K	$118.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1013	+0.456%	$638K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1019	+1.071%	$150K	$249K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1008	−0.060%	$260K	$557K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1010	+0.208%	$73K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	+0.194%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1011	+0.314%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1010	+0.139%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	+0.187%	$6.1M	$51.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1010	+0.169%	$93.4M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1008	−0.030%	$18K	$5K	30x	as long as short
Kraken Futures PF_DOGEUSD	+0.0104%	1h	0.1010	+0.144%	$6.0M	$33.3M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1008	−0.052%	$551K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1010	+0.168%	$19K	—	3x	as long as short
Reya DOGERUSDPERPshort	+0.0178%	1h	0.1008	−0.058%	$2K	—	20x
BloFin DOGE-USDT	+0.0220%	8h	0.1010	+0.169%	$15.5M	$25.5M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1015	+0.679%	$67K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1011	+0.258%	$2.0M	$24.3M	50x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1009	+0.072%	$533	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0253% / S −0.0291%	1h	0.1011	+0.245%	$332K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0440%	1h	0.1010	+0.218%	$540K	$965K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1009	+0.041%	$316K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0943%	1h	0.1010	+0.139%	$118.0M	$88.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1008	−0.020%	$5K	$239K	12x	as long as short