Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against Phemex−0.050%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.050%, 7d avg −0.035%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DOGEUSDT	0.09948	0.0100	pay 0.0100% / 8h	5h 10m	$91.5M	$16.6M	50x
Short	Gate DOGE_USDT	0.09943	0.0100	get 0.0100% / 8h	5h 10m	$243.0M	$133.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee PhemexbpFee GatebpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.035%: −$1.49
Slippage, 4 orders: −$19.32
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.82
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Gate: 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 Phemex live order book, 4 min ago	3.02 bp	11.2 bp −$11	17.9 bp −$179	37.5 bp −$3,753	doesn't fit
Sell Gate live order book, 4 min ago	0.50 bp	11.6 bp −$12	18.1 bp −$181	30.5 bp −$3,053	50.4 bp −$25.2K

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	−0.0075%	8h	0.09939	−0.090%	$150.3M	$274.2M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09958	+0.101%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09952	+0.041%	$430K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09945	−0.026%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0021%	1h	0.09949	+0.012%	$594K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09955	+0.073%	$771K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09965	+0.171%	$900	$444K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09951	+0.033%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09960	+0.126%	$327K	$483K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09947	−0.007%	$318.3M	$1.44B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09945	−0.030%	$160.2M	$441.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09946	−0.020%	$111.0M	$987.9M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	+0.180%	$382K	$0	10x	as long as short
Gate DOGE_USDTshort	+0.0100%	8h	0.09943	−0.050%	$243.0M	$133.9M	75x
MEXC DOGE_USDT	+0.0100%	8h	0.09947	−0.010%	$111.7M	$231.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09947	−0.010%	$65.8M	$43.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09948	0.000%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09945	−0.030%	$326K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09931	−0.175%	$982K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09943	−0.047%	$296K	$128.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09934	−0.141%	$627K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	−0.080%	$145K	$281K	25x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09956	+0.075%	$534K	$997K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09959	+0.115%	$251K	$742K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09948	0.000%	$70K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09946	−0.025%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09953	+0.047%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09950	+0.020%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09953	+0.045%	$6.0M	$56.8M	75x	as long as short
Phemex DOGEUSDTlong	+0.0100%	8h	0.09948	long leg	$91.5M	$16.6M	50x
Paradex DOGE-USD-PERP	+0.0102%	8h	0.09960	+0.117%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09944	−0.036%	$499K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09945	−0.028%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0187%	1h	0.09947	−0.011%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09965	+0.171%	$531	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09948	0.000%	$15.6M	$25.1M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09930	−0.177%	$64K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09945	−0.034%	$312K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09953	+0.050%	$2.3M	$26.4M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0307%	1h	0.09949	+0.012%	$5.7M	$35.3M	50x	as long as short
Hyperliquid DOGE	+0.0517%	1h	0.09956	+0.083%	$121.4M	$100.1M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09973	+0.256%	$403K	$388K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09978	+0.302%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09960	+0.121%	$5K	$239K	12x	as long as short