Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Bulk+1.146%7-day average −0.023% · 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+$84as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Bulk Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−1.021%−$102 · spread now +1.146%, 7d avg −0.023%

Together, before fees−1.030%−$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: Bybit is 1.168% dearer against Bulk than usual: you sell high and buy low, +$117 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09939	0.0100	pay 0.0013% / 1h	54m 54s	$381K	$14K	10x
Short	Bybit DOGEUSDT	0.1005	0.0100	get 0.0100% / 8h	1h 54m	$161.7M	$402.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +1.146%Rate

Funding earned: $0
Price spread: +1.146% → −0.023%: $116.82
Slippage, 4 orders: −$14.8
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $84.02
Costs to cover: 0.328%
Break-even: from the start

Slippage from Bulk: live order book, 29 min ago; Bybit: live order book, 4 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, 29 min ago	5.02 bp	8.5 bp −$9	15.1 bp −$151	20.5 bp −$2,049	31.6 bp −$15.8K
Sell Bybit live order book, 4 min ago	0.50 bp	6.1 bp −$6	11.4 bp −$114	25.7 bp −$2,574	52.6 bp −$26.3K

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	−0.0273%	8h	0.1005	+1.105%	$153.8M	$261.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1005	+1.082%	$378K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1007	+1.344%	$630K	$106K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1007	+1.298%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0032%	1h	0.1004	+0.984%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1004	+0.984%	$15K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0084%	8h	0.1007	+1.266%	$242.6M	$120.5M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1007	+1.334%	$770K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1007	+1.276%	$1K	$351K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1007	+1.362%	$683K	$743K	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	0.1007	+1.290%	$5.0M	$41.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1004	+1.040%	$337K	$498K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1006	+1.236%	$318.5M	$1.28B	75x	as long as short
Bybit DOGEUSDTshort	+0.0100%	8h	0.1005	+1.146%	$161.7M	$402.8M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1006	+1.216%	$110.1M	$910.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1007	+1.276%	$28K	$76K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1006	+1.206%	$111.4M	$213.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1006	+1.226%	$65.9M	$39.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1006	+1.186%	—	$73.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1003	+0.901%	$947K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09957	+0.180%	$264K	$112.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.753%	$630K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1001	+0.713%	$145K	$235K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1007	+1.317%	$273K	$534K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1007	+1.317%	$72K	$417K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1007	+1.283%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1007	+1.359%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1007	+1.307%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1007	+1.336%	$6.0M	$48.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1007	+1.286%	$93.3M	$19.0M	50x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09939	long leg	$381K	$14K	10x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	+1.056%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1006	+1.179%	$552K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1007	+1.332%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.1007	+1.314%	$532	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0175%	1h	0.1007	+1.334%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1008	+1.367%	$2.0M	$23.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1007	+1.347%	$15.2M	$24.3M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0266%	1h	0.1007	+1.310%	$312K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1007	+1.325%	$6.0M	$31.9M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0418%	1h	0.1008	+1.377%	$531K	$936K	15x	as long as short
Hyperliquid DOGE	+0.0425%	1h	0.1008	+1.409%	$110.6M	$80.6M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	+1.301%	$316K	$474K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1007	+1.317%	$5K	$207K	12x	as long as short