Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0193%/8h= −21.2% APRpaid last 24h −0.039%

Price spread now: dYdX against BloFin+0.131%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.131%, 7d avg −0.025%

Together, before fees−0.413%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.157% dearer against BloFin than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of −0.025%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DOGE-USDT	0.1005	0.0220	pay 0.0220% / 8h	7h 38m	$15.3M	$25.6M	75x
Short	dYdX DOGE-USD	0.1006	0.0027	get 0.0003% / 1h	38m 00s	$226K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$40.62
Price spread: +0.131% → −0.025%: $15.66
Slippage, 4 orders: −$49.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$96.53
Costs to cover: 0.716%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; dYdX: 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 BloFin live order book, 6 min ago	0.50 bp	6.5 bp −$6	8.4 bp −$84	12.4 bp −$1,237	23.4 bp −$11.7K
Sell dYdX live order book, 36 min ago	15.59 bp	37.5 bp −$37	74.9 bp −$749	89.4 bp −$8,937	97.1 bp −$48.5K

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
Phemex DOGEUSDT	−0.0327%	8h	0.1007	+0.179%	$92.9M	$18.2M	50x	as long as short
Bitget DOGEUSDT	−0.0191%	8h	0.1007	+0.229%	$153.4M	$270.8M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1006	+0.164%	$6.0M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1006	+0.097%	$400K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1006	+0.134%	$24K	—	150x	as long as short
dYdX DOGE-USDshort	+0.0027%	1h	0.1006	+0.131%	$226K	$44K	10x
Deribit DOGE_USDC-PERPETUAL	+0.0038%	1h	0.1007	+0.181%	$605K	$121K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1007	+0.249%	$816K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1006	+0.149%	$998	$404K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	+0.139%	$517K	$973K	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	0.1006	+0.165%	$5.0M	$46.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1006	+0.147%	$335K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1007	+0.245%	$319.9M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	+0.309%	$159.8M	$438.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	+0.299%	$110.4M	$971.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1007	+0.189%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	+0.045%	$385K	$9K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1007	+0.199%	$244.4M	$128.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1007	+0.179%	$114.5M	$223.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1006	+0.159%	$65.8M	$42.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1007	+0.229%	—	$76.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1007	+0.249%	$368K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1006	+0.169%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1007	+0.189%	$265K	$122.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+0.137%	$640K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1007	+0.229%	$148K	$264K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	+0.109%	$264K	$554K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1006	+0.159%	$73K	$429K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1006	+0.158%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1007	+0.226%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1006	+0.169%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1006	+0.105%	$6.0M	$52.4M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1006	+0.169%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1007	+0.278%	$580K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1006	+0.162%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1006	+0.123%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.1006	+0.127%	$531	$4K	10x	as long as short
BloFin DOGE-USDTlong	+0.0220%	8h	0.1005	long leg	$15.3M	$25.6M	75x
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1007	+0.229%	$2.0M	$24.9M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1007	+0.250%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.1006	+0.122%	$310K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1007	+0.184%	$319K	$478K	10x	as long as short
Hyperliquid DOGE	+0.0848%	1h	0.1008	+0.378%	$121.4M	$92.9M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1011	+0.627%	$5K	$239K	12x	as long as short