Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Bulk against Binance+1.263%7-day average +0.008% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$96as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Binance Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−1.425%−$142 · spread now +1.263%, 7d avg +0.008%

Together, before fees−1.421%−$142 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 1.255% dearer against Binance than usual: you sell high and buy low, +$126 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DOGEUSDT	0.09895	0.0100	pay 0.0100% / 8h	2h 52m	$317.3M	$1.25B	75x
Short	Bulk DOGE-USD	0.1002	0.0100	get 0.0013% / 1h	52m 23s	$384K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Binance. 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 BinancebpFee BulkbpOrdersPrice spread, now +1.263%Rate

Funding earned: $0
Price spread: +1.263% → +0.008%: $125.5
Slippage, 4 orders: −$12.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $96.48
Costs to cover: 0.290%
Break-even: from the start

Slippage from Binance: live order book, 7 min ago; Bulk: live order book, 36 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 Binance live order book, 7 min ago	0.50 bp	5.8 bp −$6	8.7 bp −$87	16.9 bp −$1,688	47.2 bp −$23.6K
Sell Bulk live order book, 36 min ago	5.02 bp	8.5 bp −$9	8.5 bp −$85	15.0 bp −$1,503	27.0 bp −$13.5K

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
Bitget DOGEUSDT	−0.0276%	8h	0.09880	−0.152%	$151.7M	$259.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09957	+0.623%	$337K	$4.2M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09938	+0.432%	$621K	$88K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09894	−0.008%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0064%	8h	0.09889	−0.061%	$235.2M	$118.0M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09967	+0.725%	$17K	$225K	10x	as long as short
dYdX DOGE-USD	+0.0083%	1h	0.09886	−0.091%	$222K	$44K	10x	as long as short
Katana Perps DOGE-USD	+0.0094%	8h	0.09887	−0.081%	$2K	$335K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09894	−0.010%	$799K	$5.0M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09889	−0.061%	$627K	$694K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09892	−0.032%	$4.8M	$40.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09893	−0.021%	$339K	$524K	20x	as long as short
Binance DOGEUSDTlong	+0.0100%	8h	0.09895	long leg	$317.3M	$1.25B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09895	0.000%	$154.6M	$393.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09897	+0.020%	$107.4M	$884.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09892	−0.031%	$28K	$75K	10x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.1002	+1.263%	$384K	$19K	10x
MEXC DOGE_USDT	+0.0100%	8h	0.09897	+0.020%	$111.2M	$201.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09888	−0.071%	$65.2M	$38.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09894	−0.011%	—	$73.1M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1000	+1.065%	$1.1M	$7.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09990	+0.965%	$265K	$109.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09992	+0.984%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	+0.859%	$142K	$221K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09886	−0.094%	$275K	$546K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09895	0.000%	$72K	$359K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09935	+0.400%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09939	+0.447%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09932	+0.373%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09931	+0.367%	$6.0M	$46.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09927	+0.323%	$92.2M	$18.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09888	−0.074%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09885	−0.105%	$541K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09876	−0.197%	$19K	—	3x	as long as short
Backpack DOGE_USDC_PERP	+0.0148%	1h	0.09929	+0.343%	$523K	$801K	15x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09891	−0.040%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09934	+0.394%	$15.3M	$23.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09933	+0.384%	$2.0M	$22.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0211%	1h	0.09896	+0.013%	$334K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0288%	1h	0.09928	+0.329%	$6.8M	$30.3M	50x	as long as short
01 Exchange DOGEUSD	+0.0536%	1h	0.09887	−0.077%	$522	$4K	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09892	−0.026%	$311K	$469K	10x	as long as short
Hyperliquid DOGE	+0.0652%	1h	0.09898	+0.034%	$112.7M	$75.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09990	+0.960%	$5K	$153K	12x	as long as short