Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Bulk−1.028%7-day average −0.047% · 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−$133as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Bulk Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+1.027%+$103 · spread now −1.028%, 7d avg −0.047%

Together, before fees+1.025%+$103 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: BingX is 0.981% cheaper against Bulk than usual: you would sell low and buy high, −$98 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.1002	0.0100	pay 0.0013% / 1h	54m 33s	$384K	$19K	10x
Short	BingX DOGE-USDC	0.09917	0.0100	get 0.0100% / 8h	2h 54m	—	$3.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −1.028%Rate

Funding earned: $0
Price spread: −1.028% → −0.047%: −$98.06
Slippage, 4 orders: −$17.61
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$132.68
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from Bulk: live order book, 34 min ago; BingX: live order book, 10 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	12.9 bp −$129	19.9 bp −$1,990	31.6 bp −$15.8K
Sell BingX live order book, 10 min ago	0.50 bp	7.4 bp −$7	12.2 bp −$122	28.7 bp −$2,870	102.6 bp −$51.3K

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	−0.0276%	8h	0.09915	−1.048%	$152.3M	$259.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09989	−0.313%	$339K	$4.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09996	−0.240%	$33K	—	150x	as long as short
Gate DOGE_USDT	+0.0065%	8h	0.09922	−0.978%	$236.1M	$117.7M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0080%	1h	0.09999	−0.214%	$625K	$88K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09994	−0.256%	$17K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0094%	8h	0.09917	−1.028%	$2K	$328K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09965	−0.553%	$803K	$5.0M	15x	as long as short
dYdX DOGE-USD	+0.0099%	1h	0.09954	−0.655%	$223K	$44K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09910	−1.098%	$707K	$651K	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	0.09957	−0.624%	$4.9M	$40.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09957	−0.629%	$341K	$524K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09910	−1.095%	$317.8M	$1.24B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09909	−1.108%	$155.0M	$392.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09918	−1.018%	$107.7M	$884.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09933	−0.868%	$28K	$75K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.1002	long leg	$384K	$19K	10x
MEXC DOGE_USDT	+0.0100%	8h	0.09949	−0.709%	$112.3M	$201.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09956	−0.639%	$65.5M	$38.8M	75x	as long as short
BingX DOGE-USDCshort	+0.0100%	8h	0.09917	−1.028%	—	$3.4M	—
Variational Omni DOGE	+0.0100%	8h	0.1000	−0.195%	$1.1M	$7.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09982	−0.377%	$265K	$109.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09981	−0.389%	$628K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	−0.399%	$142K	$221K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09913	−1.069%	$276K	$546K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09997	−0.230%	$73K	$359K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09994	−0.264%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09990	−0.297%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09994	−0.259%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09996	−0.240%	$6.0M	$45.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09992	−0.279%	$92.7M	$18.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09932	−0.875%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09930	−0.898%	$541K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09998	−0.220%	$19K	—	3x	as long as short
Backpack DOGE_USDC_PERP	+0.0117%	1h	0.09992	−0.279%	$527K	$799K	15x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09925	−0.947%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.09990	−0.294%	$527	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09998	−0.220%	$15.4M	$23.9M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.1000	−0.190%	$2.0M	$22.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0212%	1h	0.09997	−0.231%	$338K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0286%	1h	0.09996	−0.240%	$6.9M	$30.2M	50x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09927	−0.928%	$313K	$470K	10x	as long as short
Hyperliquid DOGE	+0.0680%	1h	0.09932	−0.878%	$114.8M	$74.0M	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.1001	−0.100%	$5K	$153K	12x	as long as short