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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0321%/8h= +35.1% APRpaid last 24h 0.000%
Price spread now: Bulk against Bitget+0.662%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs+$28as in the Price arb table
costs, in and out, $10k−$340.340% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.012%+$1 on $10k
Price spread, last 4 days (all we have)−0.650%−$65 · spread now +0.662%, 7d avg +0.046%
Together, before fees−0.638%−$64 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bulk is 0.616% dearer against Bitget than usual: you sell high and buy low: +$62 more if the spread goes back to its 7-day average of +0.046%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.012% in total (about 1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget DOGEUSDT0.09898−0.0221get 0.0221% / 8h10m 33s$151.1M$270.1M75x
ShortBulk DOGE-USD0.099640.0100get 0.0013% / 1h10m 33s$382K$12K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Bitget. 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
$67.41
Price spread: +0.662% → +0.046%
$61.59
Slippage, 4 orders
−$14.97
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$95.04
Costs to cover
0.340%
Break-even
from the start
Slippage from Bitget: live order book, 4 min ago; Bulk: live order book, 3 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 Bitget live order book, 4 min ago0.50 bp7.6 bp −$89.9 bp −$9919.3 bp −$1,93251.9 bp −$26.0K
Sell Bulk live order book, 3 min ago5.04 bp8.5 bp −$98.5 bp −$858.5 bp −$85418.0 bp −$9,021

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
Bitget DOGEUSDTlong−0.0221%8h0.09898long leg$151.1M$270.1M75x
Kalshi KXDOGEPERP0.0000%8h0.09896−0.015%$387K$4.8M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09909+0.109%$24K150xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0003%1h0.09899+0.008%$595K$121K25xas long as short
dYdX DOGE-USD+0.0059%1h0.09910+0.121%$222K$44K10xas long as short
Gate DOGE_USDT+0.0070%8h0.09917+0.192%$241.2M$128.6M75xas long as short
Lighter DOGE+0.0096%1h0.09922+0.238%$783K$5.6M15xas long as short
Katana Perps DOGE-USD+0.0098%8h0.09916+0.182%$958$391K10xas long as short
Aster DOGEUSDT+0.0100%8h0.09915+0.175%$4.8M$45.9M75xas long as short
Pacifica DOGE+0.0100%1h0.09917+0.188%$330K$510K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09919+0.212%$314.5M$1.38B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09914+0.162%$155.9M$434.2M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09914+0.162%$108.8M$947.3M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09925+0.273%$28K$82K10xas long as short
Bulk DOGE-USDshort+0.0100%1h0.09964+0.662%$382K$12K10x
MEXC DOGE_USDT+0.0100%8h0.09908+0.101%$110.9M$222.8M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09915+0.172%$65.4M$42.1M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09904+0.061%$3.4Mas long as short
Variational Omni DOGE+0.0100%8h0.09894−0.040%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09919+0.210%$256K$120.2M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09915+0.176%$634K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09920+0.222%$146K$251K25xas long as short
Nado DOGE-PERP+0.0100%1h0.09906+0.081%$508K$976K10xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09908+0.105%$255K$555K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09896−0.020%$72K$433K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09893−0.049%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09901+0.027%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09896−0.020%$2K$3.6M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09896−0.015%$5.9M$52.0M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09894−0.040%$91.4M$19.2M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09921+0.237%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09920+0.223%$520K$3.7M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09895−0.026%$19K3xas long as short
Kraken Futures PF_DOGEUSD+0.0106%1h0.09892−0.061%$5.9M$33.6M50xas long as short
Reya DOGERUSDPERP+0.0180%1h0.09903+0.050%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09893−0.051%$15.2M$25.1M75xas long as short
01 Exchange DOGEUSD+0.0224%1h0.09927+0.288%$524$4K10xas long as short
Phoenix DOGE+0.0239%1h0.09920+0.220%$66K$281K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.098980.000%$2.0M$24.0M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0243% / S −0.0262%1h0.09904+0.063%$304K200xas long as short
Backpack DOGE_USDC_PERP+0.0328%1h0.09899+0.010%$387K$1.1M15xas long as short
RISEx DOGE/USDC+0.0708%1h0.09928+0.303%$315K$477K10xas long as short
Hyperliquid DOGE+0.0835%1h0.09921+0.227%$115.9M$90.2M10xas long as short
Injective DOGE/USDC PERP+0.1039%1h0.09980+0.828%$5K$239K12xas long as short