Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Pacifica+0.005%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.005%, 7d avg −0.027%

Together, before fees−0.155%+ Points / potential airdropPacifica: Active · farm board−$16 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: OKX is 0.032% dearer against Pacifica than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica DOGE	0.09940	0.0100	pay 0.0013% / 1h	9m 13s	$327K	$484K	20x
Short	OKX DOGE-USDT-SWAP	0.09941	0.0100	get 0.0100% / 8h	5h 09m	$110.9M	$987.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Pacifica. 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 PacificabpFee OKXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.027%: $3.18
Slippage, 4 orders: −$8.7
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.52
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Pacifica: live order book, 54 min ago; OKX: live order book, 5 min ago.

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 Pacifica live order book, 54 min ago	2.00 bp	7.2 bp −$7	12.7 bp −$127	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.50 bp	5.7 bp −$6	9.0 bp −$90	16.7 bp −$1,669	35.7 bp −$17.8K

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	−0.0074%	8h	0.09932	−0.086%	$150.2M	$274.2M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09933	−0.071%	$223K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09933	−0.079%	$429K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09939	−0.010%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0042%	1h	0.09941	+0.007%	$594K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09942	+0.011%	$770K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09940	−0.005%	$898	$444K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09941	+0.010%	$533K	$997K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09939	−0.012%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGElong	+0.0100%	1h	0.09940	long leg	$327K	$484K	20x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09943	+0.027%	$318.2M	$1.44B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09940	−0.005%	$160.1M	$441.5M	75x	as long as short
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.09941	+0.005%	$110.9M	$987.5M	50x
Bulk DOGE-USD	+0.0100%	1h	0.09966	+0.256%	$382K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09938	−0.025%	$242.9M	$133.9M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09943	+0.025%	$111.7M	$231.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09941	+0.005%	$65.8M	$43.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09939	−0.015%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09945	+0.045%	$326K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09931	−0.100%	$982K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09932	−0.088%	$294K	$128.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09939	−0.016%	$627K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	−0.005%	$145K	$281K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09936	−0.045%	$251K	$742K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09939	−0.015%	$70K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09938	−0.023%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09945	+0.040%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09938	−0.025%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09940	−0.001%	$6.0M	$56.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09936	−0.045%	$91.4M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0102%	8h	0.09937	−0.030%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09937	−0.031%	$499K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09938	−0.026%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0188%	1h	0.09938	−0.021%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09944	+0.039%	$530	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09939	−0.015%	$15.6M	$25.1M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09962	+0.220%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09941	+0.001%	$311K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09951	+0.106%	$2.3M	$26.5M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0308%	1h	0.09935	−0.059%	$5.7M	$35.3M	50x	as long as short
Hyperliquid DOGE	+0.0517%	1h	0.09949	+0.087%	$121.3M	$99.4M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09945	+0.040%	$402K	$388K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09951	+0.106%	$128K	$187K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09960	+0.196%	$5K	$239K	12x	as long as short