Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Pacifica+0.005%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.005%, 7d avg 0.000%

Together, before fees−0.044%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica DOGE	0.1000	0.0100	pay 0.0013% / 1h	54m 52s	$320K	$501K	20x
Short	Phemex DOGEUSDT	0.1000	0.0100	get 0.0100% / 8h	1h 54m	$91.9M	$17.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → 0.000%: $0.54
Slippage, 4 orders: −$21.26
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.71
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Pacifica: live order book, 54 min ago; Phemex: live order book, 4 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	6.0 bp −$6	9.3 bp −$93	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.99 bp	13.6 bp −$14	24.0 bp −$240	44.5 bp −$4,445	doesn't fit

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	0.1000	−0.015%	$5.7M	$40.4M	50x	as long as short
Polymarket Perps DOGE-USD	−0.0003%	1h	0.09992	−0.099%	$268K	$1.2M	10x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1000	−0.010%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1000	−0.011%	$595K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09997	−0.045%	$34K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.284%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0086%	8h	0.09988	−0.135%	$142.4M	$343.7M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1001	+0.062%	$854K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09999	−0.025%	$540K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09991	−0.109%	$4.6M	$58.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGElong	+0.0100%	1h	0.1000	long leg	$320K	$501K	20x
Binance DOGEUSDT	+0.0100%	8h	0.09990	−0.116%	$328.1M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09983	−0.185%	$165.3M	$519.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09985	−0.165%	$117.2M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1001	+0.096%	$385K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09986	−0.155%	$250.8M	$153.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09990	−0.115%	$111.1M	$256.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09994	−0.075%	$66.5M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09990	−0.115%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09997	−0.045%	$322K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09992	−0.097%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1001	+0.079%	$314K	$139.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09995	−0.063%	$629K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1001	+0.085%	$150K	$337K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09998	−0.035%	$66K	$467K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09998	−0.038%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1000	+0.012%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09999	−0.025%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09997	−0.047%	$5.9M	$68.7M	75x	as long as short
Phemex DOGEUSDTshort	+0.0100%	8h	0.1000	+0.005%	$91.9M	$17.0M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09999	−0.022%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09988	−0.131%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1000	−0.015%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0110%	8h	0.09994	−0.075%	$835	$530K	10x	as long as short
Hyperliquid DOGE	+0.0135%	1h	0.1000	+0.025%	$124.0M	$116.3M	10x	as long as short
Reya DOGERUSDPERP	+0.0196%	1h	0.09997	−0.049%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09996	−0.055%	$16.3M	$27.0M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1002	+0.218%	$18K	$382K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0240%	1h	0.1000	+0.005%	$574K	$252K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1000	−0.015%	$2.0M	$34.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0294%	1h	0.09996	−0.060%	$316K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1000	−0.015%	$445	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.09996	−0.055%	$27K	$300K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1000	−0.011%	$405K	$453K	10x	as long as short