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: edgeX against Bulk−0.255%7-day average −0.034% · 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−$52as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Bulk Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.255%, 7d avg −0.034%

Together, before fees+0.287%+ Points / potential airdropedgeX: Active · farm board+$29 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: edgeX is 0.221% cheaper against Bulk than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.1006	0.0100	pay 0.0013% / 1h	11m 02s	$386K	$14K	10x
Short	edgeX DOGEUSDC	0.1004	0.0100	get 0.0050% / 4h	1h 11m	$275K	$116.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.255%Rate

Funding earned: $0
Price spread: −0.255% → −0.034%: −$22.1
Slippage, 4 orders: −$13.94
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$52.04
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Bulk: live order book, 8 min ago; edgeX: live order book, 3 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, 8 min ago	4.98 bp	8.5 bp −$8	13.3 bp −$133	20.9 bp −$2,085	31.7 bp −$15.9K
Sell edgeX live order book, 3 min ago	1.99 bp	6.5 bp −$6	6.8 bp −$68	14.0 bp −$1,398	doesn't fit

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	−0.0259%	8h	0.1002	−0.430%	$153.1M	$266.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1005	−0.153%	$415K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1002	−0.385%	$607K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1002	−0.399%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0034%	1h	0.1004	−0.256%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1006	−0.070%	$66K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1003	−0.349%	$789K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1003	−0.351%	$1K	$371K	10x	as long as short
Gate DOGE_USDT	+0.0097%	8h	0.1002	−0.450%	$241.3M	$125.0M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	−0.346%	$571K	$863K	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	0.1002	−0.400%	$4.9M	$44.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1004	−0.241%	$335K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	−0.404%	$318.6M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.380%	$158.8M	$421.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1003	−0.341%	$109.0M	$932.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1003	−0.311%	$28K	$76K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.1006	long leg	$386K	$14K	10x
MEXC DOGE_USDT	+0.0100%	8h	0.1003	−0.370%	$111.6M	$217.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	−0.420%	$66.0M	$41.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1002	−0.420%	—	$74.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1004	−0.199%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDCshort	+0.0100%	4h	0.1004	−0.255%	$275K	$116.4M	20x
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	−0.281%	$633K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1003	−0.321%	$147K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1002	−0.410%	$267K	$542K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.390%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	−0.396%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1003	−0.343%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	−0.410%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1004	−0.243%	$6.0M	$50.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	−0.410%	$92.8M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	−0.257%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	−0.386%	$554K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	−0.373%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1002	−0.400%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1003	−0.313%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1003	−0.331%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	−0.370%	$15.3M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0248% / S −0.0216%	1h	0.1002	−0.402%	$350K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0364%	1h	0.1002	−0.403%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0406%	1h	0.1003	−0.370%	$535K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0492%	1h	0.1003	−0.271%	$114.5M	$85.0M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1003	−0.301%	$314K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1006	−0.023%	$5K	$239K	12x	as long as short