Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Bulk+0.093%7-day average +0.022% · 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−$27as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Bulk Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.093%, 7d avg +0.022%

Together, before fees−0.119%−$12 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: HTX is 0.072% dearer against Bulk than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09885	0.0100	pay 0.0013% / 1h	56m 06s	$377K	$16K	10x
Short	HTX DOGE-USDT	0.09894	0.0100	get 0.0100% / 8h	7h 56m	$5.9M	$69.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.022%: $7.15
Slippage, 4 orders: −$14.91
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.76
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from Bulk: live order book, 43 min ago; HTX: 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, 43 min ago	5.03 bp	8.5 bp −$9	8.5 bp −$85	14.0 bp −$1,402	26.7 bp −$13.3K
Sell HTX live order book, 3 min ago	1.62 bp	8.5 bp −$8	12.4 bp −$124	39.2 bp −$3,924	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
Kraken Futures PF_DOGEUSD	−0.0096%	1h	0.09886	+0.011%	$5.5M	$40.8M	50x	as long as short
Bitget DOGEUSDT	−0.0007%	8h	0.09852	−0.334%	$139.8M	$347.9M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09894	+0.091%	$222K	$63K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09902	+0.172%	$580K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09884	−0.015%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.525%	$6K	$242K	12x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0074%	1h	0.09888	+0.029%	$554K	$281K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09894	+0.094%	$825K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09889	+0.040%	$1K	$544K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09886	+0.015%	$535K	$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	0.09884	−0.007%	$123.3M	$117.4M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09871	−0.143%	$4.9M	$59.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09899	+0.142%	$321K	$506K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09869	−0.159%	$326.3M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09860	−0.253%	$162.9M	$523.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09860	−0.253%	$114.9M	$1.19B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09893	+0.081%	$16K	$306K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09885	long leg	$377K	$16K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09878	−0.071%	$249.9M	$152.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09884	−0.010%	$117.4M	$257.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09885	0.000%	$66.2M	$49.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09882	−0.030%	—	$53.7M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09881	−0.040%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09877	−0.079%	$1.0M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09873	−0.119%	$301K	$139.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09865	−0.202%	$625K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09870	−0.152%	$141K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09890	+0.053%	$257K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09886	+0.010%	$70K	$473K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09903	+0.185%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09891	+0.062%	$34K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09885	0.000%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.09894	+0.093%	$5.9M	$69.0M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09887	+0.020%	$90.4M	$16.7M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09893	+0.076%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09880	−0.046%	$485K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09887	+0.017%	$19K	—	3x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09885	+0.004%	$18K	$386K	10x	as long as short
Reya DOGERUSDPERP	+0.0201%	1h	0.09882	−0.027%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09889	+0.040%	$1.9M	$34.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09899	+0.142%	$15.5M	$26.8M	75x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.09898	+0.129%	$440	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0285% / S −0.0425%	1h	0.09882	−0.025%	$397K	—	200x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09899	+0.141%	$398K	$455K	10x	as long as short