Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bulk−0.222%7-day average +0.028% · 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−$88as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on Bulk Short on SunX

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)+0.235%+$24 · spread now −0.222%, 7d avg +0.028%

Together, before fees+0.234%+$23 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: SunX is 0.250% cheaper against Bulk than usual: you would sell low and buy high, −$25 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	0.09910	0.0100	pay 0.0013% / 1h	0m 53s	$378K	$16K	10x
Short	SunX DOGE-USDT	0.09888	0.0100	get 0.0100% / 8h	0m 53s	$35K	$2.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.222%Rate

Funding earned: $0
Price spread: −0.222% → +0.028%: −$24.99
Slippage, 4 orders: −$47.57
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$87.55
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from Bulk: live order book, 38 min ago; SunX: 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, 38 min ago	5.03 bp	8.5 bp −$9	8.5 bp −$85	14.0 bp −$1,402	26.7 bp −$13.3K
Sell SunX live order book, 5 min ago	16.87 bp	24.6 bp −$25	33.0 bp −$330	doesn't fit	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	−0.0061%	1h	0.09884	−0.266%	$5.5M	$40.8M	50x	as long as short
Bitget DOGEUSDT	−0.0004%	8h	0.09879	−0.313%	$140.1M	$347.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09884	−0.258%	$579K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09883	−0.275%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.256%	$6K	$242K	12x	as long as short
Polymarket Perps DOGE-USD	+0.0036%	1h	0.09895	−0.154%	$257K	$1.2M	10x	as long as short
dYdX DOGE-USD	+0.0037%	1h	0.09876	−0.343%	$222K	$63K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09892	−0.184%	$825K	$6.9M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09885	−0.247%	$535K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09896	−0.137%	$123.3M	$117.1M	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	0.09886	−0.243%	$4.9M	$59.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09880	−0.304%	$321K	$507K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09886	−0.244%	$326.8M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09880	−0.303%	$163.5M	$525.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09885	−0.252%	$115.0M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09880	−0.303%	$16K	$306K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09910	long leg	$378K	$16K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09880	−0.303%	$249.2M	$159.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09886	−0.242%	$116.4M	$259.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09888	−0.222%	$66.3M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09882	−0.283%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09889	−0.212%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09890	−0.200%	$1.0M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09883	−0.268%	$300K	$139.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09904	−0.059%	$627K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09880	−0.303%	$141K	$346K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09881	−0.293%	$70K	$478K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09879	−0.309%	$18K	$7K	10x	as long as short
SunX DOGE-USDTshort	+0.0100%	8h	0.09888	−0.222%	$35K	$2.3M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.09884	−0.262%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09886	−0.242%	$5.8M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09892	−0.182%	$90.4M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09875	−0.357%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09880	−0.306%	$485K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09884	−0.267%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0106%	8h	0.09887	−0.232%	$1K	$543K	10x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09888	−0.223%	$18K	$382K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0195%	1h	0.09885	−0.253%	$568K	$264K	25x	as long as short
Reya DOGERUSDPERP	+0.0201%	1h	0.09887	−0.237%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09895	−0.151%	$1.9M	$35.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09882	−0.283%	$15.4M	$26.8M	75x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09886	−0.239%	$440	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0377% / S −0.0750%	1h	0.09882	−0.277%	$615K	—	200x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09887	−0.233%	$398K	$455K	10x	as long as short