Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.017%

Price spread now: HTX against Reya+0.217%7-day average — · you sell dearer than you buy

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

Long on Reya Short on HTX

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.217% dearer against Reya than usual: you sell high and buy low (spread +0.217% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya DOGERUSDPERP	0.1005	0.0186	pay 0.0023% / 1h	51m 14s	$2K	—	20x
Short	HTX DOGE-USDT	0.1007	0.0100	get 0.0100% / 8h	5h 51m	$6.0M	$56.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Reya. 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 ReyabpFee HTXbpOrdersPrice spread, now +0.217%Rate

Funding earned: −$18
Price spread: +0.217% → 0.000%: $21.67
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.33
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; HTX: live order book, 3 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	1.15 bp	8.3 bp −$8	10.8 bp −$108	42.7 bp −$4,271	doesn't fit

Reya: 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 43 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	−0.0091%	8h	0.1003	−0.178%	$151.9M	$273.6M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1003	−0.212%	$225K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1005	−0.002%	$448K	$5.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1005	−0.031%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.1007	+0.197%	$818K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.1003	−0.168%	$838	$434K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1005	+0.011%	$536K	$989K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1005	+0.031%	$4.7M	$48.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1004	−0.133%	$330K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1007	+0.188%	$322.1M	$1.43B	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.1005	−0.029%	$161.1M	$439.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1004	−0.039%	$112.2M	$990.8M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	−0.586%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1004	−0.039%	$243.9M	$131.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1005	+0.001%	$114.5M	$229.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1005	−0.019%	$66.4M	$43.2M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1005	+0.011%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1005	−0.029%	$331K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.240%	$998K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09988	−0.603%	$296K	$129.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	−0.410%	$637K	$4.4M	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1005	−0.029%	$257K	$730K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1005	+0.041%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1005	+0.037%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1006	+0.072%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1007	+0.210%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.1007	+0.217%	$6.0M	$56.1M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.1008	+0.279%	$92.8M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1005	−0.001%	$561K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1005	+0.040%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0105%	8h	0.1003	−0.205%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0158%	1h	0.1006	+0.127%	$601K	$118K	25x	as long as short
ApeX Omni DOGEUSDT	+0.0169%	1h	0.09980	−0.686%	$146K	$274K	25x	as long as short
Reya DOGERUSDPERPlong	+0.0186%	1h	0.1005	long leg	$2K	—	20x
01 Exchange DOGEUSD	+0.0232%	1h	0.1004	−0.044%	$535	$4K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1006	+0.067%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.1005	−0.032%	$313K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.1008	+0.309%	$2.3M	$26.2M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0304%	1h	0.1007	+0.231%	$5.8M	$34.8M	50x	as long as short
Hyperliquid DOGE	+0.0432%	1h	0.1006	+0.120%	$122.5M	$99.7M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.1004	−0.049%	$404K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.1005	+0.031%	$129K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1006	+0.110%	$5K	$239K	12x	as long as short