Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Bybit−0.340%7-day average +0.036% · 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−$70as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Bybit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.340%, 7d avg +0.036%

Together, before fees+0.164%+$16 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: Bulk is 0.376% cheaper against Bybit than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.09974	0.0100	pay 0.0100% / 8h	5h 16m	$160.6M	$441.5M	75x
Short	Bulk DOGE-USD	0.09940	0.0100	get 0.0013% / 1h	16m 21s	$381K	$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Bybit. 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 BybitbpFee BulkbpOrdersPrice spread, now −0.340%Rate

Funding earned: $0
Price spread: −0.340% → +0.036%: −$37.63
Slippage, 4 orders: −$14.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$69.69
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bulk: live order book, 48 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 Bybit live order book, 3 min ago	0.50 bp	6.2 bp −$6	10.0 bp −$100	23.9 bp −$2,387	47.9 bp −$23.9K
Sell Bulk live order book, 48 min ago	4.99 bp	8.5 bp −$8	8.5 bp −$85	16.7 bp −$1,670	28.5 bp −$14.3K

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	−0.0077%	8h	0.09966	−0.080%	$150.7M	$273.9M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09962	−0.125%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09936	−0.383%	$441K	$5.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09976	+0.024%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09973	−0.009%	$774K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09963	−0.110%	$996	$443K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09968	−0.055%	$534K	$996K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09965	−0.088%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09967	−0.065%	$328K	$483K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09978	+0.045%	$319.4M	$1.44B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDTlong	+0.0100%	8h	0.09974	long leg	$160.6M	$441.5M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09977	+0.030%	$111.3M	$989.3M	50x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.09940	−0.340%	$381K	$0	10x
Gate DOGE_USDT	+0.0100%	8h	0.09976	+0.020%	$244.2M	$133.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09981	+0.070%	$111.9M	$231.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09966	−0.080%	$66.0M	$43.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09978	+0.040%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09960	−0.140%	$328K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09983	+0.087%	$989K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09969	−0.051%	$296K	$128.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09969	−0.053%	$632K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.261%	$146K	$279K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09970	−0.044%	$252K	$738K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09976	+0.020%	$70K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09949	−0.247%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09945	−0.292%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09952	−0.221%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09949	−0.253%	$6.0M	$56.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09955	−0.190%	$91.6M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0102%	8h	0.09965	−0.088%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09962	−0.116%	$499K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09975	+0.010%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0142%	1h	0.09953	−0.209%	$595K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0187%	1h	0.09971	−0.033%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09970	−0.045%	$531	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09952	−0.221%	$15.6M	$25.1M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09951	−0.231%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09977	+0.025%	$312K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09956	−0.180%	$2.3M	$26.3M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0307%	1h	0.09951	−0.233%	$5.7M	$35.3M	50x	as long as short
Hyperliquid DOGE	+0.0531%	1h	0.09980	+0.058%	$121.8M	$99.7M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09972	−0.019%	$403K	$368K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09977	+0.030%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1001	+0.361%	$5K	$239K	12x	as long as short