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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h +0.030%
Price spread now: Kraken Futures against SoDEX−0.023%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$300.296% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.019%+$2 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.023%, 7d avg +0.015%
Together, before fees+0.037%+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.038% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.015%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.019% in total) that is about 6.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX DOGE-USD0.10490.0100pay 0.0013% / 1h42m 49s$2K$4.9M10x
ShortKraken Futures PF_DOGEUSD0.10490.0240get 0.0030% / 1h42m 49s$5.6M$37.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$29.38
Price spread: −0.023% → +0.015%
−$3.78
Slippage, 4 orders
−$11.58
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$3.99
Costs to cover
0.296%
Break-even
8.0 days
Slippage from SoDEX: live order book, 1 min ago; Kraken Futures: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 1 min ago0.48 bp4.5 bp −$48.1 bp −$81134.5 bp −$13.4Kdoesn't fit
Sell Kraken Futures live order book, 1 min ago1.43 bp8.6 bp −$912.2 bp −$12231.8 bp −$3,182427.1 bp −$213.6K

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
dYdX DOGE-USD0.0000%1h0.1048−0.058%$235K$70K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1049−0.001%$733K$6.1M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1047−0.160%$25K150xas long as short
Bitget DOGEUSDT+0.0014%8h0.1045−0.362%$141.2M$309.0M75xas long as short
Lighter DOGE+0.0096%1h0.1050+0.079%$749K$6.4M15xas long as short
Nado DOGE-PERP+0.0100%1h0.1049+0.014%$569K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1048−0.056%$5.0M$53.3M75xas long as short
Pacifica DOGE+0.0100%1h0.1049−0.034%$339K$510K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1046−0.317%$347.5M$1.57B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1045−0.353%$173.2M$487.8M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX DOGE-USDT-SWAP+0.0100%8h0.1046−0.296%$120.2M$1.15B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1048−0.053%$403K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1045−0.372%$258.1M$141.9M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1046−0.315%$117.2M$240.2M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1046−0.305%$68.8M$47.4M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1046−0.286%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1049−0.010%$354K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.1044−0.451%$1.2M$8.4Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1045−0.349%$335K$134.5M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1048−0.070%$664K$4.5M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1048−0.086%$164K$318K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1048−0.048%$269K$889K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1048−0.038%$74K$444K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1049−0.019%$26K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1049+0.041%$37K$2.2M30xas long as short
SoDEX DOGE-USDlong+0.0100%1h0.1049long leg$2K$4.9M10x
HTX DOGE-USDT+0.0100%8h0.1048−0.090%$6.2M$63.3M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1049+0.029%$96.5M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0103%8h0.1048−0.078%$19K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.1045−0.352%$504K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1049−0.005%$20K3xas long as short
Katana Perps DOGE-USD+0.0125%8h0.1047−0.143%$1K$485K10xas long as short
Reya DOGERUSDPERP+0.0191%1h0.1049+0.035%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1049+0.038%$16.5M$27.5M75xas long as short
Phoenix DOGE+0.0235%1h0.1045−0.404%$19K$292K10xas long as short
Kraken Futures PF_DOGEUSDshort+0.0240%1h0.1049−0.023%$5.6M$37.8M50x
01 Exchange DOGEUSD+0.0256%1h0.1049−0.016%$466$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0261% / S −0.0320%1h0.1048−0.122%$346K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.1050+0.076%$2.2M$32.2M50xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0465%1h0.1049+0.032%$592K$242K25xas long as short
Hyperliquid DOGE+0.0560%1h0.1046−0.238%$130.0M$107.7M10xas long as short
Arcus DOGE-USD+0.0634%1h0.1049+0.038%$114K$200K10xas long as short
RISEx DOGE/USDC+0.0728%1h0.1048−0.060%$423K$426K10xas long as short
Injective DOGE/USDC PERP+0.1062%1h0.1053+0.391%$6K$242K12xas long as short