Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against SoDEX−0.034%7-day average −0.021% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on SoDEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.034%, 7d avg −0.021%

Together, before fees+0.018%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.1023	0.0100	pay 0.0013% / 1h	17m 52s	$2K	$5.1M	10x
Short	Nado DOGE-PERP	0.1023	0.0100	get 0.0012% / 1h	17m 52s	$555K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.021%: −$1.33
Slippage, 4 orders: −$13.92
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.25
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; Nado: live order book, 1 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 SoDEX live order book, 1 min ago	0.49 bp	4.5 bp −$4	7.9 bp −$79	136.4 bp −$13.6K	doesn't fit
Sell Nado live order book, 1 min ago	0.98 bp	10.5 bp −$11	26.2 bp −$262	doesn't fit	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
Kalshi KXDOGEPERP	0.0000%	8h	0.1023	+0.007%	$691K	$6.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1023	+0.019%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0022%	1h	0.1021	−0.144%	$229K	$70K	10x	as long as short
Bitget DOGEUSDT	+0.0069%	8h	0.1022	−0.137%	$133.3M	$316.8M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1024	+0.086%	$760K	$6.5M	15x	as long as short
Nado DOGE-PERPshort	+0.0100%	1h	0.1023	−0.034%	$555K	$1.1M	10x
Aster DOGEUSDT	+0.0100%	8h	0.1023	−0.002%	$4.9M	$54.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1022	−0.129%	$326K	$519K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1023	−0.012%	$336.9M	$1.62B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1022	−0.039%	$167.3M	$499.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1021	−0.147%	$116.2M	$1.15B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1029	+0.645%	$395K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1021	−0.147%	$252.7M	$146.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1022	−0.068%	$116.5M	$245.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1022	−0.108%	$67.2M	$48.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1023	−0.010%	—	$79.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1022	−0.127%	$341K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1023	−0.003%	$1.1M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1024	+0.072%	$329K	$136.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1024	+0.064%	$645K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1024	+0.108%	$154K	$330K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1022	−0.078%	$257K	$993K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1023	−0.020%	$69K	$468K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1023	−0.014%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1023	+0.045%	$36K	$2.3M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1023	long leg	$2K	$5.1M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1023	+0.018%	$6.0M	$65.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1022	−0.078%	$93.9M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1021	−0.162%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1021	−0.145%	$494K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1023	0.000%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0121%	8h	0.1022	−0.108%	$1K	$503K	10x	as long as short
Reya DOGERUSDPERP	+0.0192%	1h	0.1023	−0.032%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1023	+0.059%	$16.6M	$27.1M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1023	+0.041%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0246%	1h	0.1023	+0.005%	$5.5M	$39.0M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0256% / S −0.0309%	1h	0.1023	+0.003%	$330K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1022	−0.057%	$455	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0258%	1h	0.1023	+0.030%	$581K	$247K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1024	+0.078%	$2.1M	$33.5M	50x	as long as short
Hyperliquid DOGE	+0.0482%	1h	0.1023	−0.029%	$127.6M	$110.8M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1023	0.000%	$111K	$204K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1022	−0.058%	$413K	$428K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+2.943%	$6K	$242K	12x	as long as short