Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Bulk+0.422%7-day average +0.009% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$10as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Bulk Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.125%+$13 on $10k

Price spread, last 4 days (all we have)−0.462%−$46 · spread now +0.422%, 7d avg +0.009%

Together, before fees−0.337%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.413% dearer against Bulk than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09921	0.0100	pay 0.0013% / 1h	43m 05s	$381K	$16K	10x
Short	BloFin DOGE-USDT	0.09963	0.0220	get 0.0220% / 8h	43m 05s	$15.5M	$27.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.422%Rate

Funding earned: $25.2
Price spread: +0.422% → +0.009%: $41.28
Slippage, 4 orders: −$12.05
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $35.42
Costs to cover: 0.311%
Break-even: from the start

Slippage from Bulk: live order book, 61 min ago; BloFin: live order book, 6 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, 61 min ago	5.02 bp	8.5 bp −$9	8.5 bp −$85	8.5 bp −$852	19.9 bp −$9,938
Sell BloFin live order book, 6 min ago	0.50 bp	6.5 bp −$7	8.6 bp −$86	22.2 bp −$2,216	42.9 bp −$21.4K

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
Kraken Futures PF_DOGEUSD	−0.0060%	1h	0.09960	+0.389%	$5.6M	$40.6M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09966	+0.447%	$224K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09964	+0.437%	$593K	$6.5M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09964	+0.427%	$571K	$252K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09960	+0.387%	$35K	—	150x	as long as short
Bitget DOGEUSDT	+0.0023%	8h	0.09949	+0.281%	$140.8M	$345.6M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.137%	$6K	$242K	12x	as long as short
Polymarket Perps DOGE-USD	+0.0061%	1h	0.09960	+0.396%	$259K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09969	+0.483%	$837K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09969	+0.483%	$537K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09965	+0.438%	$124.0M	$117.2M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09957	+0.362%	$4.5M	$59.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09968	+0.468%	$319K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09956	+0.356%	$328.1M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09950	+0.291%	$164.7M	$523.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09955	+0.341%	$115.9M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09969	+0.483%	$17K	$308K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09921	long leg	$381K	$16K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09953	+0.321%	$249.6M	$156.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09960	+0.392%	$117.3M	$258.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09960	+0.392%	$66.4M	$49.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09966	+0.452%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09958	+0.372%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09984	+0.629%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09991	+0.708%	$304K	$140.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09982	+0.610%	$629K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	+0.593%	$146K	$342K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09961	+0.402%	$71K	$472K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09957	+0.359%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09971	+0.503%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09961	+0.402%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09967	+0.458%	$5.9M	$68.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09962	+0.412%	$91.2M	$16.8M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09974	+0.530%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09957	+0.365%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09963	+0.417%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0107%	8h	0.09959	+0.382%	$832	$539K	10x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09983	+0.626%	$18K	$382K	10x	as long as short
Reya DOGERUSDPERP	+0.0199%	1h	0.09961	+0.404%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09965	+0.442%	$1.9M	$34.8M	50x	as long as short
BloFin DOGE-USDTshort	+0.0220%	8h	0.09963	+0.422%	$15.5M	$27.0M	75x
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09962	+0.416%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0272%	1h	0.09976	+0.556%	$444	$4K	10x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09974	+0.528%	$406K	$462K	10x	as long as short