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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.015%
Price spread now: Phoenix against Reya+0.218%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 4 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. Phoenix is 0.218% dearer against Reya than usual: you sell high and buy low (spread +0.218% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya DOGERUSDPERP0.098810.0202pay 0.0025% / 1h40m 46s$2K—20x
ShortPhoenix DOGE0.099020.0081get 0.0010% / 1h40m 46s$18K$386K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
−$25.34
Price spread: +0.218% → 0.000%
$21.84
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$16.51
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; Phoenix: live order book, 52 min ago. 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 Reya no order-book sample—————
Sell Phoenix live order book, 52 min ago1.01 bp12.3 bp −$1243.1 bp −$431doesn't fitdoesn'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 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
Kraken Futures PF_DOGEUSD−0.0096%1h0.09879−0.015%$5.5M$40.7M50xas long as short
Bitget DOGEUSDT−0.0012%8h0.09878−0.029%$140.4M$346.7M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09886+0.053%$553K$6.6M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09875−0.063%$35K—150xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0013%1h0.09883+0.019%$560K$293K25xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+6.570%$6K$242K12xas long as short
Phoenix DOGEshort+0.0081%1h0.09902+0.218%$18K$386K10x
Lighter DOGE+0.0096%1h0.09891+0.106%$825K$6.8M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.09884+0.032%$1K$545K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09885+0.047%$535K$1.1M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid DOGE+0.0100%1h0.09888+0.072%$123.4M$117.2M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09882+0.008%$4.9M$58.9M75xas long as short
Pacifica DOGE+0.0100%1h0.09882+0.008%$321K$490K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09881−0.003%$327.2M$1.71B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09877−0.039%$163.7M$521.3M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09880−0.008%$115.1M$1.19B50xas long as short
Arcus DOGE-USD+0.0100%1h0.09887+0.062%$16K$306K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09882+0.012%$249.9M$153.3M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09883+0.022%$117.5M$258.5M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09883+0.022%$66.3M$49.6M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09884+0.032%—$53.4M—as long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09878−0.029%$301K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09878−0.030%$1.1M$8.5M—as long as short
edgeX DOGEUSDC+0.0100%4h0.09904+0.236%$300K$139.5M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09890+0.093%$621K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09910+0.295%$142K$347K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09885+0.047%$257K$1.2M10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09879−0.018%$70K$465K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09881+0.007%$18K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09893+0.122%$34K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09879−0.018%$2K$5.4M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09882+0.007%$5.8M$69.0M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09877−0.039%$90.3M$16.6M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09910+0.295%$378K$2K10xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09887+0.067%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09878−0.029%$481K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09879−0.014%$19K—3xas long as short
Reya DOGERUSDPERPlong+0.0202%1h0.09881long leg$2K—20x
Coinbase International DOGE-PERP-INTX+0.0208%1h0.09893+0.123%$1.9M$34.8M50xas long as short
BloFin DOGE-USDT+0.0220%8h0.09876−0.049%$15.4M$26.7M75xas long as short
01 Exchange DOGEUSD+0.0232%1h0.09888+0.071%$455$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0235% / S −0.0216%1h0.09891+0.106%$291K—200xas long as short
dYdX DOGE-USD+0.0586%1h0.09879−0.015%$231K$72K10xas long as short
RISEx DOGE/USDC+0.0717%1h0.09892+0.108%$398K$457K10xas long as short