Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0608%/8h= −66.6% APRpaid last 24h −0.149%

Price spread now: HTX against RISEx+0.140%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.319%−$32 on $10k

Price spread, last 3 days (all we have)−0.182%−$18 · spread now +0.140%, 7d avg −0.013%

Together, before fees−0.501%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.153% dearer against RISEx than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of −0.013%): +$15 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09921	0.0708	pay 0.0088% / 1h	13m 31s	$314K	$476K	10x
Short	HTX DOGE-USDT	0.09935	0.0100	get 0.0100% / 8h	13m 31s	$6.0M	$52.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$127.65
Price spread: +0.140% → −0.013%: $15.3
Slippage, 4 orders: −$6.05
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$136.4
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from RISEx: live order book, 65 min ago; HTX: live order book, 6 min ago.

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 RISEx live order book, 65 min ago	1.99 bp	5.0 bp −$5	9.3 bp −$93	doesn't fit	doesn't fit
Sell HTX live order book, 6 min ago	0.05 bp	7.0 bp −$7	11.0 bp −$110	38.0 bp −$3,801	doesn't fit

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	−0.0225%	8h	0.09905	−0.161%	$151.0M	$269.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09930	+0.093%	$410K	$4.8M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09930	+0.094%	$597K	$117K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09914	−0.072%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0063%	1h	0.09919	−0.016%	$223K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0074%	8h	0.09915	−0.060%	$241.3M	$128.4M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.09931	+0.096%	$790K	$5.6M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.09911	−0.100%	$2K	$392K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09914	−0.065%	$508K	$976K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09919	−0.022%	$4.8M	$45.9M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09922	+0.011%	$331K	$510K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09915	−0.061%	$314.3M	$1.38B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09913	−0.080%	$156.0M	$433.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09915	−0.060%	$108.7M	$944.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09920	−0.009%	$31K	$79K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09964	+0.429%	$382K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09914	−0.070%	$110.5M	$222.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09915	−0.060%	$65.4M	$42.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09915	−0.060%	—	$75.8M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09953	+0.324%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09947	+0.258%	$257K	$120.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09942	+0.215%	$624K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	+0.192%	$146K	$251K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09910	−0.106%	$255K	$556K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09931	+0.102%	$72K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09927	+0.062%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09933	+0.120%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09929	+0.081%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.09935	+0.140%	$6.0M	$52.0M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09929	+0.081%	$91.7M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09915	−0.059%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09913	−0.078%	$522K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09924	+0.034%	$19K	—	3x	as long as short
Kraken Futures PF_DOGEUSD	+0.0106%	1h	0.09925	+0.038%	$6.0M	$33.5M	50x	as long as short
Reya DOGERUSDPERP	+0.0180%	1h	0.09911	−0.095%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09942	+0.212%	$15.3M	$25.2M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09920	−0.013%	$524	$4K	10x	as long as short
Phoenix DOGE	+0.0239%	1h	0.09960	+0.397%	$66K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09933	+0.122%	$2.0M	$24.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0273%	1h	0.09932	+0.107%	$313K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0341%	1h	0.09929	+0.081%	$389K	$1.1M	15x	as long as short
RISEx DOGE/USDClong	+0.0708%	1h	0.09921	long leg	$314K	$476K	10x
Hyperliquid DOGE	+0.0849%	1h	0.09927	+0.062%	$116.0M	$90.0M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.09980	+0.595%	$5K	$239K	12x	as long as short