Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Binance against Bulk−0.071%7-day average −0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Bulk Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.071%, 7d avg −0.008%

Together, before fees+0.166%+$17 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: Binance is 0.062% cheaper against Bulk than usual: you would sell low and buy high, −$6 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	Bulk DOGE-USD	0.1003	0.0100	pay 0.0013% / 1h	50m 19s	$384K	$14K	10x
Short	Binance DOGEUSDT	0.1002	0.0100	get 0.0100% / 8h	1h 50m	$318.5M	$1.28B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bulk. 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 BulkbpFee BinancebpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.008%: −$6.24
Slippage, 4 orders: −$11.04
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.28
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Bulk: live order book, 34 min ago; Binance: live order book, 9 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 Bulk live order book, 34 min ago	5.02 bp	8.5 bp −$9	15.1 bp −$151	20.5 bp −$2,049	31.6 bp −$15.8K
Sell Binance live order book, 9 min ago	0.50 bp	5.5 bp −$5	7.9 bp −$79	21.1 bp −$2,113	51.5 bp −$25.8K

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	−0.0273%	8h	0.1001	−0.169%	$153.2M	$261.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1003	+0.009%	$377K	$4.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1002	−0.116%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0025%	1h	0.1003	−0.030%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1008	+0.466%	$16K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0089%	8h	0.1002	−0.110%	$241.1M	$120.8M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1004	+0.057%	$786K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1003	+0.010%	$1K	$355K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1002	−0.050%	$679K	$744K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1003	−0.035%	$5.0M	$41.3M	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	0.1003	+0.015%	$337K	$498K	20x	as long as short
Binance DOGEUSDTshort	+0.0100%	8h	0.1002	−0.071%	$318.5M	$1.28B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.110%	$161.3M	$404.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	−0.100%	$109.5M	$907.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1004	+0.060%	$28K	$76K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.1003	long leg	$384K	$14K	10x
MEXC DOGE_USDT	+0.0100%	8h	0.1003	−0.020%	$109.5M	$214.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	−0.040%	$65.8M	$39.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	−0.100%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.103%	$933K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1004	+0.135%	$276K	$112.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1007	+0.394%	$641K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1004	+0.100%	$145K	$238K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1002	−0.060%	$271K	$534K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.080%	$72K	$417K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	−0.110%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	−0.058%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	−0.070%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1003	−0.020%	$6.0M	$48.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	−0.120%	$92.8M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1003	+0.007%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	−0.111%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1003	−0.048%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0109%	1h	0.1002	−0.055%	$627K	$105K	25x	as long as short
Reya DOGERUSDPERP	+0.0175%	1h	0.1003	−0.043%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1003	+0.037%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1003	+0.020%	$2.0M	$22.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	−0.090%	$15.2M	$24.2M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0266%	1h	0.1002	−0.100%	$311K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0343%	1h	0.1003	−0.050%	$529K	$934K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0364%	1h	0.1002	−0.077%	$6.0M	$32.0M	50x	as long as short
Hyperliquid DOGE	+0.0387%	1h	0.1004	+0.070%	$110.4M	$80.9M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1004	+0.066%	$315K	$472K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1007	+0.399%	$5K	$207K	12x	as long as short