Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h −0.006%

Price spread now: Phoenix against Paradex−0.001%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: 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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DOGE-USD-PERP	0.1003	0.0101	pay 0.0101% / 8h	4h 14m	$18K	$7K	30x
Short	Phoenix DOGE	0.1003	0.0242	get 0.0030% / 1h	14m 57s	$65K	$288K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Paradex. 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 ParadexbpFee PhoenixbpOrdersPrice spread, now −0.001%Rate

Funding earned: $29.79
Price spread: −0.001% → 0.000%: −$0.06
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $18.74
Costs to cover: 0.110%
Break-even: 2.6 days

Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 38 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 38 min ago	1.01 bp	12.3 bp −$12	43.0 bp −$430	doesn't fit	doesn't fit

Paradex: 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	−0.0036%	8h	0.1003	−0.017%	$151.4M	$276.9M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0031%	1h	0.1003	+0.071%	$5.7M	$35.7M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1003	−0.020%	$395K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1003	+0.046%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1002	−0.065%	$225K	$49K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1004	+0.125%	$736K	$6.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0098%	8h	0.1003	+0.003%	$906	$458K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	−0.017%	$527K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1003	+0.063%	$4.7M	$49.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1003	−0.002%	$325K	$484K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1003	+0.073%	$324.8M	$1.47B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1003	+0.053%	$164.4M	$448.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1003	+0.043%	$114.3M	$1.02B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	−0.080%	$385K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1003	+0.003%	$247.2M	$135.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1003	+0.043%	$112.4M	$235.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	+0.053%	$66.5M	$43.8M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1003	+0.063%	—	$77.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1003	+0.023%	$322K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.159%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	−0.044%	$304K	$131.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	+0.038%	$632K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1003	+0.023%	$146K	$289K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1003	+0.013%	$258K	$870K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	+0.063%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	+0.064%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1003	+0.065%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1003	+0.073%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1003	+0.037%	$6.0M	$58.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1004	+0.083%	$92.3M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERPlong	+0.0101%	8h	0.1003	long leg	$18K	$7K	30x
Extended DOGE-USD	+0.0104%	1h	0.1003	+0.026%	$491K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	+0.091%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0149%	1h	0.1004	+0.097%	$600K	$119K	25x	as long as short
Reya DOGERUSDPERP	+0.0190%	1h	0.1003	−0.024%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.1004	+0.107%	$535	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	+0.063%	$15.8M	$25.5M	75x	as long as short
Phoenix DOGEshort	+0.0242%	1h	0.1003	−0.001%	$65K	$288K	10x
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0269%	1h	0.1003	+0.043%	$314K	—	200x	as long as short
Hyperliquid DOGE	+0.0261%	1h	0.1004	+0.133%	$122.5M	$101.7M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.1004	+0.113%	$2.3M	$27.5M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.1005	+0.193%	$110K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.1004	+0.123%	$406K	$414K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1005	+0.223%	$5K	$239K	12x	as long as short