Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Bulk+0.398%7-day average −0.006% · 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+$22as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Bulk Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.379%−$38 · spread now +0.398%, 7d avg −0.006%

Together, before fees−0.384%−$38 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: MEXC is 0.404% dearer against Bulk than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09881	0.0100	pay 0.0013% / 1h	20m 43s	$379K	$16K	10x
Short	MEXC DOGE_USDT	0.09920	0.0100	get 0.0100% / 8h	2h 20m	$109.2M	$254.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.398%Rate

Funding earned: $0
Price spread: +0.398% → −0.006%: $40.41
Slippage, 4 orders: −$11.04
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $22.38
Costs to cover: 0.180%
Break-even: from the start

Slippage from Bulk: live order book, 28 min ago; MEXC: 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, 28 min ago	5.01 bp	8.5 bp −$9	8.5 bp −$85	14.9 bp −$1,492	27.2 bp −$13.6K
Sell MEXC live order book, 3 min ago	0.51 bp	0.5 bp −$1	2.7 bp −$27	11.3 bp −$1,126	44.2 bp −$22.1K

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
Kalshi KXDOGEPERP	0.0000%	8h	0.09911	+0.306%	$606K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09904	+0.235%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09899	+0.182%	$5.6M	$39.9M	50x	as long as short
dYdX DOGE-USD	+0.0035%	1h	0.09917	+0.370%	$223K	$70K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0037%	1h	0.09914	+0.335%	$267K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09932	+0.521%	$847K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09921	+0.413%	$536K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09923	+0.427%	$4.4M	$57.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09920	+0.398%	$317K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09924	+0.435%	$323.9M	$1.68B	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	0.09920	+0.398%	$163.1M	$516.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09925	+0.449%	$115.4M	$1.17B	50x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09881	long leg	$379K	$16K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09919	+0.388%	$246.5M	$152.9M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09920	+0.398%	$109.2M	$254.7M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09920	+0.398%	$65.8M	$49.6M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09914	+0.338%	$134.4M	$335.3M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09915	+0.348%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09902	+0.216%	$295K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09900	+0.194%	$1.0M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09876	−0.043%	$310K	$139.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09872	−0.084%	$627K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09880	−0.007%	$146K	$341K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09902	+0.216%	$63K	$469K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09900	+0.193%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09909	+0.286%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09900	+0.196%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09902	+0.214%	$5.9M	$68.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09901	+0.206%	$91.0M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09920	+0.397%	$18K	$5K	30x	as long as short
Hyperliquid DOGE	+0.0104%	1h	0.09929	+0.493%	$123.1M	$115.7M	10x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09918	+0.375%	$482K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09901	+0.206%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0111%	8h	0.09917	+0.368%	$1K	$526K	10x	as long as short
Reya DOGERUSDPERP	+0.0195%	1h	0.09912	+0.315%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09926	+0.460%	$441	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0205%	1h	0.09902	+0.215%	$563K	$247K	25x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09904	+0.236%	$16.0M	$26.7M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.09926	+0.459%	$27K	$299K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09861	−0.198%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0285%	1h	0.09903	+0.230%	$317K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09919	+0.388%	$1.9M	$34.0M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.09926	+0.459%	$400K	$444K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+6.572%	$6K	$242K	12x	as long as short