Funding arb · Price arb /

DOGE

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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: SoDEX against BingX+0.030%7-day average +0.001% · 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−$19as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on BingX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.030%, 7d avg +0.001%

Together, before fees−0.037%−$4 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: SoDEX is 0.029% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DOGE-USDT	0.09913	0.0100	pay 0.0100% / 8h	2h 27m	—	$73.3M	—
Short	SoDEX DOGE-USD	0.09916	0.0100	get 0.0013% / 1h	27m 27s	$2K	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BingX. 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 BingXbpFee SoDEXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.001%: $2.93
Slippage, 4 orders: −$4.09
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.16
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; SoDEX: live order book, 2 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 BingX live order book, 7 min ago	1.01 bp	6.0 bp −$6	7.2 bp −$72	13.7 bp −$1,370	30.2 bp −$15.1K
Sell SoDEX live order book, 2 min ago	1.01 bp	5.0 bp −$5	8.6 bp −$86	147.3 bp −$14.7K	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
Bitget DOGEUSDT	−0.0280%	8h	0.09906	−0.071%	$152.4M	$260.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09881	−0.324%	$360K	$4.3M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09918	+0.047%	$620K	$103K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09912	−0.010%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0066%	8h	0.09908	−0.050%	$235.6M	$119.6M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09864	−0.498%	$15K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0095%	8h	0.09902	−0.111%	$827	$337K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09902	−0.113%	$785K	$5.1M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09899	−0.141%	$628K	$695K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09908	−0.050%	$4.8M	$40.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09902	−0.108%	$335K	$494K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09913	−0.002%	$314.5M	$1.26B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09910	−0.030%	$157.2M	$397.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09918	+0.050%	$108.3M	$887.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09909	−0.040%	$28K	$75K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09838	−0.757%	$377K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09911	−0.020%	$112.5M	$216.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09907	−0.061%	$65.0M	$39.0M	75x	as long as short
BingX DOGE-USDTlong	+0.0100%	8h	0.09913	long leg	—	$73.3M	—
Variational Omni DOGE	+0.0100%	8h	0.09851	−0.625%	$915K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09849	−0.643%	$262K	$112.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09857	−0.565%	$627K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09850	−0.636%	$140K	$223K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09901	−0.118%	$272K	$527K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09915	+0.020%	$57K	$397K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09914	+0.014%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09919	+0.060%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.09916	+0.030%	$2K	$3.3M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09893	−0.205%	$5.9M	$46.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09884	−0.293%	$91.7M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09905	−0.085%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09900	−0.133%	$547K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09915	+0.022%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0107%	1h	0.09896	−0.170%	$222K	$44K	10x	as long as short
Reya DOGERUSDPERP	+0.0174%	1h	0.09905	−0.085%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09906	−0.069%	$523	$4K	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0218%	1h	0.09903	−0.101%	$523K	$930K	15x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09859	−0.545%	$15.1M	$23.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09883	−0.303%	$2.0M	$22.2M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0263%	1h	0.09910	−0.028%	$305K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0290%	1h	0.09877	−0.361%	$5.9M	$31.6M	50x	as long as short
Hyperliquid DOGE	+0.0430%	1h	0.09915	+0.020%	$109.6M	$78.9M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09912	−0.010%	$311K	$472K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09920	+0.071%	$5K	$180K	12x	as long as short