Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.018%

Price spread now: Coinbase International against BloFin0.000%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.280%−$28 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now 0.000%, 7d avg +0.009%

Together, before fees−0.258%−$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DOGE-USDT	0.1001	0.0220	pay 0.0220% / 8h	1h 33m	$15.4M	$24.9M	75x
Short	Coinbase International DOGE-PERP-INTX	0.1001	0.0216	get 0.0027% / 1h	33m 19s	$2.0M	$23.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.84
Price spread: 0.000% → +0.009%: −$0.92
Slippage, 4 orders: −$22.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$46.36
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Coinbase International: 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 BloFin live order book, 6 min ago	6.90 bp	12.9 bp −$13	14.4 bp −$144	22.3 bp −$2,226	37.5 bp −$18.7K
Sell Coinbase International live order book, 1 min ago	1.00 bp	7.8 bp −$8	13.8 bp −$138	43.9 bp −$4,390	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	−0.0269%	8h	0.1000	−0.100%	$152.8M	$265.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1003	+0.216%	$416K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1001	−0.016%	$606K	$105K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1001	−0.044%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0009%	1h	0.1003	+0.192%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1003	+0.246%	$19K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0085%	8h	0.1000	−0.080%	$240.4M	$123.2M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1001	+0.022%	$781K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1003	+0.160%	$2K	$364K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1002	+0.065%	$672K	$797K	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	0.1001	−0.015%	$5.1M	$43.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1004	+0.263%	$336K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.019%	$319.3M	$1.31B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1000	−0.080%	$161.9M	$413.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.040%	$109.0M	$922.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1003	+0.220%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1017	+1.620%	$390K	$17K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	+0.030%	$110.4M	$216.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	+0.010%	$65.4M	$40.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1001	−0.030%	—	$74.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.633%	$994K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1006	+0.499%	$280K	$115.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+0.549%	$634K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1007	+0.599%	$147K	$243K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1001	0.000%	$269K	$537K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	−0.040%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1001	−0.031%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	+0.018%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1000	−0.070%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	−0.026%	$6.0M	$49.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	−0.040%	$92.7M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1003	+0.201%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	−0.042%	$554K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	+0.064%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1001	+0.011%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1003	+0.203%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTXshort	+0.0216%	1h	0.1001	0.000%	$2.0M	$23.3M	50x
BloFin DOGE-USDTlong	+0.0220%	8h	0.1001	long leg	$15.4M	$24.9M	75x
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.1001	−0.039%	$313K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0364%	1h	0.1000	−0.068%	$6.0M	$32.6M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0399%	1h	0.1004	+0.270%	$537K	$949K	15x	as long as short
Hyperliquid DOGE	+0.0412%	1h	0.1003	+0.170%	$110.6M	$82.3M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1003	+0.235%	$314K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1004	+0.300%	$5K	$207K	12x	as long as short