Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.021%

Price spread now: Reya against Orderly+0.008%66s7-day average — · you sell dearer than you buy

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

Long on Orderly 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DOGE_USDC	0.1002	0.0100	pay 0.0100% / 8h	1h 24m	$66K	$467K	50x
Short	Reya DOGERUSDPERP	0.1002	0.0197	get 0.0025% / 1h	24m 41s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Orderly. 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 OrderlybpFee ReyabpOrdersPrice spread, now +0.008%Rate

Funding earned: $20.39
Price spread: +0.008% → 0.000%: $0.81
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $9.2
Costs to cover: 0.120%
Break-even: 3.8 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Orderly and 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
Kraken Futures PF_DOGEUSD	−0.0082%	1h	0.1002	+0.010%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1002	−0.003%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	+0.026%	$613K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	−0.033%	$36K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.100%	$6K	$242K	12x	as long as short
Polymarket Perps DOGE-USD	+0.0046%	1h	0.1002	+0.010%	$263K	$1.2M	10x	as long as short
Bitget DOGEUSDT	+0.0059%	8h	0.09998	−0.210%	$142.0M	$344.3M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09997	−0.223%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	−0.029%	$847K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1002	−0.005%	$541K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1001	−0.089%	$4.5M	$58.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	−0.093%	$320K	$500K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.099%	$329.6M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1000	−0.160%	$165.4M	$520.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.120%	$117.6M	$1.21B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	−0.289%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1000	−0.170%	$250.2M	$156.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	−0.100%	$111.4M	$258.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	−0.130%	$66.7M	$50.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1001	−0.110%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	−0.070%	$302K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.052%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1000	−0.186%	$303K	$140.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	−0.109%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.190%	$150K	$338K	25x	as long as short
Orderly PERP_DOGE_USDClong	+0.0100%	8h	0.1002	long leg	$66K	$467K	50x
Derive DOGE-PERP	+0.0100%	1h	0.09967	−0.523%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.045%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	0.000%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1002	−0.004%	$5.9M	$68.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	−0.030%	$91.9M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1001	−0.115%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1000	−0.174%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	+0.006%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.1000	−0.180%	$836	$536K	10x	as long as short
Hyperliquid DOGE	+0.0133%	1h	0.1002	0.000%	$124.4M	$116.4M	10x	as long as short
Reya DOGERUSDPERPshort	+0.0197%	1h	0.1002	+0.008%	$2K	—	20x
BloFin DOGE-USDT	+0.0220%	8h	0.1002	−0.030%	$16.3M	$27.1M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1003	+0.080%	$1.9M	$35.0M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.1001	−0.120%	$315K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1002	−0.016%	$445	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0289%	1h	0.1002	+0.030%	$575K	$252K	25x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1001	−0.110%	$18K	$307K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1001	−0.052%	$403K	$457K	10x	as long as short