Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Derive against SoDEX+0.019%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Derive

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.09968	0.0100	pay 0.0013% / 1h	48m 30s	$2K	$5.2M	10x
Short	Derive DOGE-PERP	0.09970	0.0100	get 0.0013% / 1h	48m 30s	$19K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against SoDEX. 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 SoDEXbpFee DerivebpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → 0.000%: $1.85
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$12.15
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 6 min ago; Derive: 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 SoDEX live order book, 6 min ago	0.50 bp	4.5 bp −$5	8.4 bp −$84	144.0 bp −$14.4K	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX DOGE-USD	0.0000%	1h	0.09991	+0.228%	$224K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09967	−0.007%	$644K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1000	+0.337%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09968	−0.003%	$5.5M	$39.6M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0016%	1h	0.09994	+0.259%	$264K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.10000	+0.319%	$738K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1000	+0.356%	$542K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1000	+0.334%	$4.5M	$56.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09993	+0.247%	$320K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1000	+0.361%	$325.6M	$1.66B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.1000	+0.331%	$163.0M	$512.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1000	+0.351%	$114.9M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1000	+0.325%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09999	+0.311%	$246.6M	$149.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1000	+0.351%	$114.5M	$250.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	+0.371%	$66.5M	$49.2M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09997	+0.291%	$132.0M	$325.8M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1000	+0.361%	—	$80.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09972	+0.040%	$309K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1000	+0.349%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09997	+0.291%	$312K	$137.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.394%	$633K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.321%	$148K	$337K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09973	+0.050%	$64K	$464K	50x	as long as short
Derive DOGE-PERPshort	+0.0100%	1h	0.09970	+0.019%	$19K	$7K	10x
SunX DOGE-USDT	+0.0100%	8h	0.09983	+0.151%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.09968	long leg	$2K	$5.2M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09968	−0.004%	$5.9M	$67.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09976	+0.080%	$91.8M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09993	+0.251%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1000	+0.329%	$480K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09974	+0.058%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0114%	8h	0.09995	+0.271%	$1K	$517K	10x	as long as short
Hyperliquid DOGE	+0.0114%	1h	0.1001	+0.421%	$124.9M	$114.1M	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0151%	1h	0.09978	+0.099%	$567K	$248K	25x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.1000	+0.365%	$445	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0194%	1h	0.09998	+0.299%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09969	+0.010%	$16.0M	$26.8M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.1001	+0.441%	$108K	$207K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09981	+0.132%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0252% / S −0.0288%	1h	0.1000	+0.346%	$323K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09973	+0.050%	$2.0M	$33.8M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.1001	+0.389%	$403K	$439K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.638%	$6K	$242K	12x	as long as short