Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Gate against Bulk−0.178%7-day average −0.042% · 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−$53as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Bulk Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.178%, 7d avg −0.042%

Together, before fees+0.258%+$26 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: Gate is 0.136% cheaper against Bulk than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09995	0.0100	pay 0.0013% / 1h	44m 15s	$383K	$5K	10x
Short	Gate DOGE_USDT	0.09977	0.0100	get 0.0100% / 8h	5h 44m	$242.8M	$131.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → −0.042%: −$13.61
Slippage, 4 orders: −$17.09
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.7
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Bulk: live order book, 20 min ago; Gate: live order book, 5 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, 20 min ago	4.99 bp	8.5 bp −$8	8.5 bp −$85	16.3 bp −$1,630	29.6 bp −$14.8K
Sell Gate live order book, 5 min ago	0.50 bp	11.4 bp −$11	19.9 bp −$199	31.5 bp −$3,148	50.4 bp −$25.2K

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	−0.0093%	8h	0.09976	−0.188%	$151.2M	$273.7M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09979	−0.156%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09985	−0.101%	$444K	$5.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09975	−0.193%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09997	+0.019%	$815K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09990	−0.048%	$1K	$435K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09982	−0.128%	$532K	$991K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09983	−0.117%	$4.7M	$48.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09986	−0.087%	$328K	$484K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09989	−0.059%	$320.4M	$1.43B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09996	+0.012%	$160.9M	$440.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09995	+0.002%	$111.4M	$987.9M	50x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09995	long leg	$383K	$5K	10x
Gate DOGE_USDTshort	+0.0100%	8h	0.09977	−0.178%	$242.8M	$131.6M	75x
MEXC DOGE_USDT	+0.0100%	8h	0.09996	+0.012%	$113.4M	$229.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09982	−0.128%	$66.0M	$43.3M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09982	−0.128%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09992	−0.028%	$329K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09980	−0.150%	$997K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09977	−0.177%	$296K	$129.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09971	−0.235%	$635K	$4.4M	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09977	−0.180%	$256K	$731K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09985	−0.098%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09983	−0.115%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09985	−0.100%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09985	−0.098%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09973	−0.220%	$5.9M	$56.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09988	−0.068%	$92.0M	$16.7M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09980	−0.149%	$558K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09984	−0.112%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0104%	8h	0.09985	−0.103%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0131%	1h	0.09987	−0.074%	$597K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0186%	1h	0.09979	−0.156%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09989	−0.063%	$532	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09993	−0.018%	—	$25.2M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1000	+0.084%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09976	−0.186%	$311K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09990	−0.048%	$2.3M	$26.1M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09987	−0.083%	$5.7M	$35.0M	50x	as long as short
ApeX Omni DOGEUSDT	+0.0405%	1h	0.09980	−0.148%	$146K	$276K	25x	as long as short
Hyperliquid DOGE	+0.0421%	1h	0.09992	−0.025%	$121.9M	$99.9M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09991	−0.039%	$402K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09998	+0.032%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1000	+0.052%	$5K	$239K	12x	as long as short