Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Bulk+1.145%7-day average −0.028% · 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+$88as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Bulk Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−1.161%−$116 · spread now +1.145%, 7d avg −0.028%

Together, before fees−1.163%−$116 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: OKX is 1.173% dearer against Bulk than usual: you sell high and buy low, +$117 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09870	0.0100	pay 0.0013% / 1h	27m 21s	$378K	$5K	10x
Short	OKX DOGE-USDT-SWAP	0.09983	0.0100	get 0.0100% / 8h	6h 27m	$110.1M	$981.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +1.145%Rate

Funding earned: $0
Price spread: +1.145% → −0.028%: $117.34
Slippage, 4 orders: −$12.73
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $87.61
Costs to cover: 0.297%
Break-even: from the start

Slippage from Bulk: live order book, 42 min ago; OKX: live order book, 2 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, 42 min ago	4.95 bp	8.4 bp −$8	8.4 bp −$84	9.6 bp −$961	21.7 bp −$10.9K
Sell OKX live order book, 2 min ago	0.50 bp	6.4 bp −$6	9.5 bp −$95	18.6 bp −$1,857	47.8 bp −$23.9K

DOGE on 43 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	−0.0115%	8h	0.09976	+1.074%	$151.1M	$273.0M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09982	+1.139%	$391K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09983	+1.147%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0018%	1h	0.09983	+1.143%	$224K	$49K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0066%	1h	0.09975	+1.063%	$5.8M	$34.1M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0071%	1h	0.09987	+1.182%	$597K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09984	+1.157%	$779K	$6.0M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09977	+1.084%	$2K	$427K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09988	+1.193%	$529K	$989K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09992	+1.232%	$4.7M	$48.3M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09988	+1.197%	$328K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09975	+1.064%	$315.9M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09978	+1.094%	$158.2M	$442.6M	75x	as long as short
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.09983	+1.145%	$110.1M	$981.9M	50x
Arcus DOGE-USD	+0.0100%	1h	0.09999	+1.307%	$128K	$178K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09870	long leg	$378K	$5K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09986	+1.175%	$242.2M	$132.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09989	+1.206%	$110.9M	$229.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09994	+1.256%	$66.1M	$43.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09986	+1.175%	—	$76.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09978	+1.094%	$345K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09898	+0.283%	$985K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09941	+0.722%	$273K	$128.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09936	+0.669%	$631K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	+0.811%	$145K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09988	+1.198%	$257K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09987	+1.185%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09985	+1.168%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09990	+1.214%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09978	+1.094%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09983	+1.147%	$5.9M	$54.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09975	+1.064%	$91.9M	$17.1M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09984	+1.159%	$556K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09983	+1.150%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0111%	8h	0.09985	+1.165%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0184%	1h	0.09990	+1.213%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.09993	+1.251%	$533	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09981	+1.125%	$2.0M	$25.1M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09925	+0.555%	$64K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09983	+1.143%	$311K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09994	+1.255%	$402K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0722%	1h	0.1000	+1.327%	$121.9M	$97.7M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09980	+1.114%	$5K	$239K	12x	as long as short