Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0586%/8h= +64.2% APRpaid last 24h +0.164%

Price spread now: RISEx against Phemex+0.013%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.363%+$36 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.013%, 7d avg +0.032%

Together, before fees+0.405%+$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DOGEUSDT	0.09892	0.0100	pay 0.0100% / 8h	2h 24m	$90.9M	$17.1M	50x
Short	RISEx DOGE/USDC	0.09893	0.0686	get 0.0086% / 1h	24m 14s	$399K	$443K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.013%Rate

Funding earned: $123.08
Price spread: +0.013% → +0.032%: −$1.87
Slippage, 4 orders: −$13.7
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $89.51
Costs to cover: 0.317%
Break-even: 1.9 days

Slippage from Phemex: live order book, 5 min ago; RISEx: live order book, 24 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, 5 min ago	0.51 bp	10.9 bp −$11	16.9 bp −$169	doesn't fit	doesn't fit
Sell RISEx live order book, 24 min ago	2.50 bp	5.5 bp −$6	11.2 bp −$112	doesn't fit	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
Kalshi KXDOGEPERP	0.0000%	8h	0.09892	−0.004%	$596K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09888	−0.042%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09898	+0.056%	$5.6M	$39.8M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0031%	1h	0.09877	−0.155%	$266K	$1.2M	10x	as long as short
dYdX DOGE-USD	+0.0039%	1h	0.09894	+0.016%	$222K	$70K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09905	+0.130%	$845K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09888	−0.040%	$535K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09893	+0.007%	$4.4M	$57.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09900	+0.078%	$317K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09893	+0.011%	$322.9M	$1.68B	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	0.09886	−0.061%	$162.4M	$516.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09888	−0.040%	$114.7M	$1.17B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09900	+0.081%	$380K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09885	−0.071%	$245.0M	$152.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09888	−0.040%	$109.3M	$254.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09898	+0.061%	$65.5M	$49.5M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09883	−0.091%	$132.7M	$333.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09892	0.000%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09888	−0.040%	$295K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09866	−0.264%	$1.0M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09861	−0.314%	$302K	$138.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09890	−0.021%	$628K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09860	−0.323%	$146K	$341K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09896	+0.040%	$63K	$469K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09896	+0.042%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09904	+0.120%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09898	+0.061%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09888	−0.041%	$5.9M	$68.0M	75x	as long as short
Phemex DOGEUSDTlong	+0.0100%	8h	0.09892	long leg	$90.9M	$17.1M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09903	+0.110%	$18K	$5K	30x	as long as short
Hyperliquid DOGE	+0.0102%	1h	0.09894	+0.021%	$122.8M	$115.4M	10x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09894	+0.023%	$480K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09899	+0.066%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0112%	8h	0.09895	+0.030%	$827	$524K	10x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.09903	+0.106%	$440	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0195%	1h	0.09882	−0.098%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09907	+0.152%	$16.0M	$26.7M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.09899	+0.071%	$27K	$299K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09861	−0.312%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0286%	1h	0.09886	−0.062%	$316K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09893	+0.010%	$1.9M	$33.9M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0336%	1h	0.09902	+0.099%	$563K	$247K	25x	as long as short
RISEx DOGE/USDCshort	+0.0686%	1h	0.09893	+0.013%	$399K	$443K	10x
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+6.450%	$6K	$242K	12x	as long as short