Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.021%

Price spread now: Reya against SunX−0.017%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGE-USDT	0.09896	0.0100	pay 0.0100% / 8h	7h 41m	$34K	$2.2M	30x
Short	Reya DOGERUSDPERP	0.09894	0.0202	get 0.0025% / 1h	41m 53s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.017%Rate

Funding earned: $21.33
Price spread: −0.017% → 0.000%: −$1.69
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $5.64
Costs to cover: 0.140%
Break-even: 5.2 days

Slippage unknown: SunX: live order book, 4 min ago; Reya: 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 SunX live order book, 4 min ago	16.51 bp	22.6 bp −$23	27.9 bp −$279	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Kraken Futures PF_DOGEUSD	−0.0096%	1h	0.09891	−0.048%	$5.5M	$40.7M	50x	as long as short
Bitget DOGEUSDT	−0.0012%	8h	0.09883	−0.131%	$140.4M	$346.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09887	−0.090%	$553K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09890	−0.063%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.407%	$6K	$242K	12x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0074%	1h	0.09895	−0.012%	$561K	$293K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09916	+0.198%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09898	+0.022%	$826K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09894	−0.020%	$1K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09892	−0.040%	$536K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09897	+0.006%	$123.5M	$117.2M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09891	−0.051%	$4.9M	$58.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09887	−0.089%	$321K	$490K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09889	−0.072%	$327.4M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09885	−0.111%	$163.8M	$521.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09891	−0.051%	$115.2M	$1.19B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09895	−0.010%	$16K	$306K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09886	−0.101%	$250.3M	$153.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09889	−0.071%	$118.0M	$258.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09891	−0.051%	$66.2M	$49.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09888	−0.081%	—	$53.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09887	−0.091%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09893	−0.032%	$1.1M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09904	+0.082%	$300K	$139.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09904	+0.081%	$622K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	+0.141%	$142K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09896	0.000%	$257K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09889	−0.071%	$71K	$465K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09896	+0.003%	$18K	$7K	10x	as long as short
SunX DOGE-USDTlong	+0.0100%	8h	0.09896	long leg	$34K	$2.2M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.09891	−0.051%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09894	−0.024%	$5.8M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09891	−0.051%	$90.4M	$16.6M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09910	+0.141%	$378K	$2K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09886	−0.098%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09885	−0.106%	$481K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09891	−0.056%	$19K	—	3x	as long as short
Reya DOGERUSDPERPshort	+0.0202%	1h	0.09894	−0.017%	$2K	—	20x
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09897	+0.010%	$1.9M	$34.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09890	−0.061%	$15.4M	$26.7M	75x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.09900	+0.038%	$440	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0216%	1h	0.09891	−0.047%	$291K	—	200x	as long as short
dYdX DOGE-USD	+0.0541%	1h	0.09894	−0.022%	$229K	$71K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09900	+0.044%	$398K	$457K	10x	as long as short