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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0074%/8h= +8.2% APRpaid last 24h −0.001%
Price spread now: Orderly against Polymarket Perps−0.098%7-day average +0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.280%+$28 on $10k
Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.098%, 7d avg +0.008%
Together, before fees+0.388%+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Orderly is 0.107% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.008%). If the spread goes back, that is −$11 on $10k: about 4.8 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps DOGE-USD0.098540.0026pay 0.0003% / 1h27m 20s$266K$1.2M10x
ShortOrderly PERP_DOGE_USDC0.098440.0100get 0.0100% / 8h2h 27m$63K$469K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$15.64
Price spread: −0.098% → +0.008%
−$10.68
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$9.04
Costs to cover
0.140%
Break-even
11.0 days
Slippage unknown: Polymarket Perps: live order book, 1 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 1 min ago3.30 bp8.7 bp −$99.4 bp −$94doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXDOGEPERP0.0000%8h0.09863+0.091%$594K$6.5M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09850−0.034%$33K150xas long as short
Kraken Futures PF_DOGEUSD+0.0002%1h0.09844−0.103%$5.6M$39.8M50xas long as short
Polymarket Perps DOGE-USDlong+0.0026%1h0.09854long leg$266K$1.2M10x
dYdX DOGE-USD+0.0042%1h0.09859+0.058%$221K$70K10xas long as short
Lighter DOGE+0.0096%1h0.09857+0.039%$841K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09865+0.115%$534K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09849−0.046%$4.4M$57.0M75xas long as short
Pacifica DOGE+0.0100%1h0.09866+0.124%$316K$516K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09849−0.045%$321.6M$1.68B75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit DOGEUSDT+0.0100%8h0.09853−0.007%$161.9M$516.6M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09855+0.013%$114.0M$1.16B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09900+0.470%$380K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09855+0.013%$244.7M$151.9M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09856+0.023%$107.7M$253.6M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09860+0.064%$65.3M$49.5M75xas long as short
Bitget DOGEUSDT+0.0100%8h0.09841−0.129%$132.3M$333.2M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09852−0.017%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09863+0.094%$294K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09877+0.236%$1.0M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09891+0.375%$304K$138.6M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09890+0.368%$628K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09890+0.368%$147K$340K25xas long as short
Orderly PERP_DOGE_USDCshort+0.0100%8h0.09844−0.098%$63K$469K50x
Derive DOGE-PERP+0.0100%1h0.09843−0.107%$18K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09862+0.084%$34K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09846−0.078%$2K$5.3M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09849−0.052%$5.8M$67.8M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09848−0.058%$90.6M$17.0M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09864+0.100%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09841−0.126%$480K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09846−0.083%$19K3xas long as short
Hyperliquid DOGE+0.0104%1h0.09868+0.141%$122.8M$115.0M10xas long as short
Katana Perps DOGE-USD+0.0112%8h0.09855+0.013%$823$524K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0167%1h0.09848−0.059%$559K$247K25xas long as short
01 Exchange DOGEUSD+0.0192%1h0.09869+0.153%$439$4K10xas long as short
Reya DOGERUSDPERP+0.0194%1h0.09858+0.047%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09854+0.003%$15.9M$26.6M75xas long as short
Arcus DOGE-USD+0.0231%1h0.09873+0.196%$107K$207K10xas long as short
Phoenix DOGE+0.0240%1h0.09885+0.319%$18K$382K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0286%1h0.09853−0.012%$315K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.09843−0.109%$1.9M$33.7M50xas long as short
RISEx DOGE/USDC+0.0686%1h0.09868+0.149%$397K$442K10xas long as short
Injective DOGE/USDC PERP+0.1217%1h0.1053+6.863%$6K$242K12xas long as short