Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0487%/8h= −53.3% APRpaid last 24h −0.167%

Price spread now: Orderly against RISEx−0.073%7-day average −0.060% · you buy dearer than you sell

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

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.407%−$41 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.073%, 7d avg −0.060%

Together, before fees−0.399%−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09788	0.0587	pay 0.0073% / 1h	4m 22s	$406K	$388K	10x
Short	Orderly PERP_DOGE_USDC	0.09781	0.0100	get 0.0100% / 8h	5h 04m	$67K	$421K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.073%Rate

Funding earned: −$102.29
Price spread: −0.073% → −0.060%: −$1.29
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$115.57
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 42 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 42 min ago	2.55 bp	5.5 bp −$6	9.6 bp −$96	doesn't fit	doesn'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 exchanges

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	−0.0140%	1h	0.09784	−0.046%	$5.3M	$39.1M	50x	as long as short
Bitget DOGEUSDT	−0.0048%	8h	0.09776	−0.124%	$138.2M	$292.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09781	−0.071%	$501K	$6.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09780	−0.079%	$32K	—	150x	as long as short
Bybit DOGEUSDT	+0.0003%	8h	0.09778	−0.104%	$164.6M	$493.7M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.579%	$6K	$240K	12x	as long as short
Gate DOGE_USDT	+0.0068%	8h	0.09779	−0.093%	$252.2M	$147.4M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09785	−0.036%	$18K	$311K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09790	+0.016%	$804K	$6.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09782	−0.063%	$937	$536K	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09780	−0.081%	$18K	$5K	30x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09784	−0.042%	$509K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09792	+0.037%	$121.1M	$107.3M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09784	−0.039%	$4.9M	$57.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09785	−0.032%	$309K	$442K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09784	−0.039%	$323.2M	$1.60B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09784	−0.042%	$116.9M	$1.09B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09790	+0.019%	$15K	$308K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09784	−0.040%	$374K	$5K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09783	−0.052%	$112.8M	$252.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09783	−0.052%	$63.9M	$45.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09781	−0.073%	—	$46.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09782	−0.063%	$309K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09778	−0.104%	$1.3M	$7.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09779	−0.093%	$256K	$125.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09778	−0.104%	$616K	$3.9M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09780	−0.083%	$138K	$345K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09783	−0.055%	$216K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDCshort	+0.0100%	8h	0.09781	−0.073%	$67K	$421K	50x
Derive DOGE-PERP	+0.0100%	1h	0.09779	−0.096%	$18K	$6K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09788	+0.004%	$34K	$1.9M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09784	−0.042%	$3K	$5.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09790	+0.016%	$5.9M	$64.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09782	−0.063%	$89.2M	$15.5M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09779	−0.090%	$479K	$3.4M	50x	as long as short
01 Exchange DOGEUSD	+0.0104%	1h	0.09790	+0.017%	$451	$4K	10x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09782	−0.060%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0145%	1h	0.09780	−0.081%	$230K	$75K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0190%	1h	0.09787	−0.013%	$548K	$292K	25x	as long as short
Reya DOGERUSDPERP	+0.0208%	1h	0.09782	−0.065%	$2K	—	20x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0211% / S −0.0187%	1h	0.09784	−0.046%	$286K	—	200x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09782	−0.063%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0264%	1h	0.09786	−0.022%	$2.3M	$32.8M	50x	as long as short
RISEx DOGE/USDClong	+0.0587%	1h	0.09788	long leg	$406K	$388K	10x