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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.038%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.038%, 7d avg +0.012%

Together, before fees+0.098%+$10 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 0.050% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.1050	0.0100	pay 0.0100% / 8h	3h 55m	$173.5M	$474.1M	75x
Short	MEXC DOGE_USDT	0.1050	0.0100	get 0.0100% / 8h	3h 55m	$117.8M	$238.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.012%: −$5
Slippage, 4 orders: −$2.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.28
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	0.49 bp	6.3 bp −$6	10.6 bp −$106	25.8 bp −$2,576	50.7 bp −$25.3K
Sell MEXC live order book, 4 min ago	0.49 bp	0.5 bp $0	0.9 bp −$9	9.5 bp −$955	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
Bitget DOGEUSDT	−0.0015%	8h	0.1049	−0.114%	$143.0M	$304.3M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1049	−0.136%	$235K	$59K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1048	−0.238%	$616K	$167K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1050	−0.016%	$25K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.1049	−0.093%	$769K	$6.3M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1048	−0.252%	$567K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1050	−0.038%	$4.9M	$52.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1051	+0.094%	$346K	$491K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1050	−0.067%	$346.6M	$1.54B	75x	as long as short
Bybit DOGEUSDTlong	+0.0100%	8h	0.1050	long leg	$173.5M	$474.1M	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1049	−0.105%	$118.4M	$1.12B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−4.333%	$386K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1048	−0.181%	$257.6M	$138.9M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1050	−0.038%	$117.8M	$238.0M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1048	−0.200%	$69.5M	$44.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1049	−0.143%	—	$3.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1049	−0.079%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1027	−2.232%	$312K	$133.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1028	−2.083%	$651K	$4.5M	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1047	−0.295%	$268K	$883K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1049	−0.143%	$74K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1049	−0.126%	$26K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1049	−0.159%	$37K	$2.2M	30x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1047	−0.284%	$6.3M	$61.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1049	−0.095%	$96.5M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.1046	−0.364%	$19K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1048	−0.251%	$512K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1045	−0.510%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0128%	8h	0.1050	−0.048%	$882	$477K	10x	as long as short
ApeX Omni DOGEUSDT	+0.0174%	1h	0.1027	−2.218%	$149K	$293K	25x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1048	−0.231%	$2K	—	20x	as long as short
SoDEX DOGE-USD	+0.0210%	1h	0.1048	−0.181%	$2K	$4.7M	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1047	−0.333%	$16.4M	$27.4M	75x	as long as short
Kraken Futures PF_DOGEUSD	+0.0240%	1h	0.1048	−0.200%	$6.0M	$36.5M	50x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1022	−2.674%	$66K	$292K	10x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1049	−0.141%	$466	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0260% / S −0.0317%	1h	0.1049	−0.133%	$343K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1049	−0.114%	$2.1M	$31.0M	50x	as long as short
Kalshi KXDOGEPERP	+0.0307%	8h	0.1050	−0.060%	$729K	$6.0M	2.8x	as long as short
Backpack DOGE_USDC_PERP	+0.0404%	1h	0.1050	−0.076%	$346K	$1.2M	15x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1049	−0.133%	$114K	$199K	10x	as long as short
Hyperliquid DOGE	+0.0649%	1h	0.1051	+0.029%	$129.1M	$105.4M	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1049	−0.086%	$424K	$426K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+0.257%	$6K	$242K	12x	as long as short