Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against Polymarket Perps+0.006%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DOGE-USD	0.1004	0.0100	pay 0.0013% / 1h	18m 05s	$268K	$542K	10x
Short	Derive DOGE-PERP	0.1004	0.0100	get 0.0013% / 1h	18m 05s	$25K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Polymarket Perps. 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 Polymarket PerpsbpFee DerivebpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → 0.000%: $0.62
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$13.38
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 65 min ago; Derive: no order-book sample. 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 Polymarket Perps live order book, 65 min ago	2.65 bp	8.0 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.0262%	8h	0.1003	−0.090%	$153.1M	$266.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.050%	$418K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1004	+0.003%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1004	+0.031%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1004	+0.038%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1009	+0.471%	$67K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1004	+0.034%	$791K	$5.4M	15x	as long as short
Gate DOGE_USDT	+0.0096%	8h	0.1003	−0.060%	$241.7M	$124.5M	75x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1004	−0.020%	$838	$371K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1005	+0.070%	$570K	$861K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1004	−0.003%	$4.9M	$43.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1005	+0.073%	$335K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1004	+0.004%	$319.5M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1004	0.000%	$159.2M	$420.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1004	+0.030%	$109.4M	$931.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	+0.080%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.232%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1004	+0.030%	$112.2M	$217.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	−0.060%	$66.0M	$41.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1004	−0.020%	—	$74.8M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.321%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	+0.381%	$276K	$116.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1008	+0.368%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1009	+0.508%	$148K	$245K	25x	as long as short
Polymarket Perps DOGE-USDlong	+0.0100%	1h	0.1004	long leg	$268K	$542K	10x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1004	+0.020%	$73K	$432K	50x	as long as short
Derive DOGE-PERPshort	+0.0100%	1h	0.1004	+0.006%	$25K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.1005	+0.118%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1004	+0.010%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1004	+0.045%	$6.0M	$50.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	−0.040%	$93.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	+0.053%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1003	−0.044%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	+0.020%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1004	+0.011%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1004	+0.011%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1005	+0.070%	$2.0M	$23.6M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1005	+0.080%	$15.3M	$24.9M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0193%	1h	0.1004	+0.037%	$361K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1004	−0.025%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0410%	1h	0.1004	+0.040%	$536K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0454%	1h	0.1005	+0.090%	$111.7M	$83.2M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1005	+0.080%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1006	+0.209%	$5K	$223K	12x	as long as short