Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%
Price spread now: Extended against Phemex−0.024%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$340.335% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.041%+$4 on $10k
Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.024%, 7d avg −0.062%
Together, before fees+0.022%+ Points / potential airdropExtended: Active · farm board+$2 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: Extended is 0.038% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex DOGEUSDT0.099540.0100pay 0.0100% / 8h18m 24s$92.0M$19.2M50x
ShortExtended DOGE-USD0.099520.0104get 0.0013% / 1h18m 24s$525K$3.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Phemex. 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

Funding earned
$0.84
Price spread: −0.024% → −0.062%
$3.81
Slippage, 4 orders
−$16.5
Fee Phemex: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$28.85
Costs to cover
0.335%
Break-even
247.4 days
Slippage from Phemex: live order book, 6 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 6 min ago1.51 bp11.8 bp −$1218.3 bp −$18338.4 bp −$3,840doesn't fit
Sell Extended live order book, 5 min ago0.50 bp3.9 bp −$45.1 bp −$5113.8 bp −$1,382doesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0230%8h0.09947−0.070%$151.7M$269.7M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09960+0.058%$411K$4.8M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09948−0.058%$23K150xas long as short
dYdX DOGE-USD+0.0044%1h0.09946−0.078%$223K$44K10xas long as short
Gate DOGE_USDT+0.0073%8h0.09946−0.080%$241.0M$128.1M75xas long as short
Lighter DOGE+0.0096%1h0.09954+0.001%$790K$5.6M15xas long as short
Katana Perps DOGE-USD+0.0097%8h0.09951−0.030%$2K$392K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09952−0.020%$510K$976K10xas long as short
Aster DOGEUSDT+0.0100%8h0.09953−0.007%$4.8M$45.8M75xas long as short
Pacifica DOGE+0.0100%1h0.09953−0.007%$332K$510K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09951−0.028%$315.0M$1.37B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09946−0.080%$156.5M$433.1M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09950−0.040%$108.7M$946.3M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09959+0.050%$31K$80K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09964+0.096%$382K$12K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.09950−0.040%$111.1M$222.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.099540.000%$65.4M$41.9M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09950−0.040%$75.7Mas long as short
Variational Omni DOGE+0.0100%8h0.09956+0.022%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09959+0.052%$257K$119.6M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09964+0.100%$633K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09960+0.060%$146K$250K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09949−0.050%$256K$556K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09948−0.060%$72K$433K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09957+0.030%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09973+0.188%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09958+0.040%$2K$3.6M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09970+0.161%$6.0M$51.9M75xas long as short
Phemex DOGEUSDTlong+0.0100%8h0.09954long leg$92.0M$19.2M50x
Paradex DOGE-USD-PERP+0.0100%8h0.099540.000%$18K$5K30xas long as short
Extended DOGE-USDshort+0.0104%1h0.09952−0.024%$525K$3.7M50x
Aevo DOGE-PERP+0.0104%1h0.09958+0.040%$19K3xas long as short
Kraken Futures PF_DOGEUSD+0.0105%1h0.09957+0.026%$5.9M$33.5M50xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0122%1h0.09961+0.069%$599K$117K25xas long as short
Reya DOGERUSDPERP+0.0179%1h0.09949−0.046%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09955+0.010%$15.3M$25.2M75xas long as short
01 Exchange DOGEUSD+0.0224%1h0.09959+0.051%$526$4K10xas long as short
Phoenix DOGE+0.0239%1h0.09974+0.201%$66K$281K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.09966+0.121%$2.0M$24.2M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0246% / S −0.0273%1h0.09948−0.056%$313K200xas long as short
Backpack DOGE_USDC_PERP+0.0364%1h0.09952−0.020%$400K$1.1M15xas long as short
RISEx DOGE/USDC+0.0708%1h0.09960+0.062%$312K$474K10xas long as short
Hyperliquid DOGE+0.0867%1h0.09966+0.118%$116.4M$89.8M10xas long as short
Injective DOGE/USDC PERP+0.1039%1h0.09990+0.362%$5K$239K12xas long as short