Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Katana Perps against Polymarket Perps−0.015%7-day average 0.000% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now −0.015%, 7d avg 0.000%

Together, before fees−0.290%−$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DOGE-USD	0.09885	0.0100	pay 0.0013% / 1h	40m 45s	$257K	$1.2M	10x
Short	Katana Perps DOGE-USD	0.09884	0.0100	get 0.0100% / 8h	7h 40m	$1K	$545K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$0.04
Price spread: −0.015% → 0.000%: −$1.48
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$13.32
Costs to cover: 0.118%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 22 min ago; Katana Perps: 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, 22 min ago	2.88 bp	8.9 bp −$9	13.3 bp −$133	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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
Kraken Futures PF_DOGEUSD	−0.0096%	1h	0.09879	−0.062%	$5.5M	$40.7M	50x	as long as short
Bitget DOGEUSDT	−0.0012%	8h	0.09878	−0.076%	$140.4M	$346.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09886	+0.006%	$553K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09875	−0.110%	$35K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0013%	1h	0.09883	−0.028%	$560K	$293K	25x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.520%	$6K	$242K	12x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09902	+0.171%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09891	+0.059%	$825K	$6.8M	15x	as long as short
Katana Perps DOGE-USDshort	+0.0100%	8h	0.09884	−0.015%	$1K	$545K	10x
Nado DOGE-PERP	+0.0100%	1h	0.09885	0.000%	$535K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09888	+0.024%	$123.4M	$117.2M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09882	−0.040%	$4.9M	$58.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09882	−0.039%	$321K	$490K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09881	−0.050%	$327.2M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09877	−0.086%	$163.7M	$521.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09880	−0.056%	$115.1M	$1.19B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09887	+0.015%	$16K	$306K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09882	−0.035%	$249.9M	$153.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09883	−0.025%	$117.5M	$258.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09883	−0.025%	$66.3M	$49.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09884	−0.015%	—	$53.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09878	−0.076%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09878	−0.077%	$1.1M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09904	+0.188%	$300K	$139.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09890	+0.046%	$621K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	+0.248%	$142K	$347K	25x	as long as short
Polymarket Perps DOGE-USDlong	+0.0100%	1h	0.09885	long leg	$257K	$1.2M	10x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09879	−0.066%	$70K	$465K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09881	−0.041%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09893	+0.075%	$34K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09879	−0.066%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09882	−0.040%	$5.8M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09877	−0.086%	$90.3M	$16.6M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09910	+0.248%	$378K	$2K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09887	+0.019%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09878	−0.076%	$481K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09879	−0.062%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0202%	1h	0.09881	−0.047%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09893	+0.076%	$1.9M	$34.8M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09876	−0.096%	$15.4M	$26.7M	75x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.09888	+0.023%	$455	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0216%	1h	0.09891	+0.059%	$291K	—	200x	as long as short
dYdX DOGE-USD	+0.0586%	1h	0.09879	−0.063%	$231K	$72K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09892	+0.061%	$398K	$457K	10x	as long as short