Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h +0.005%

Price spread now: BingX against dYdX−0.105%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$940.941% of the position

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.105%, 7d avg −0.003%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.103% cheaper against dYdX than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.003%). If the spread goes back, that is −$10 on $10k: about 3.8 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.059% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.1009	0.0010	pay 0.0001% / 1h	37m 12s	$227K	$44K	10x
Short	BingX DOGE-USDT	0.1008	0.0100	get 0.0100% / 8h	1h 37m	—	$74.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.105%Rate

Funding earned: $18.83
Price spread: −0.105% → −0.003%: −$10.27
Slippage, 4 orders: −$74.07
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$85.51
Costs to cover: 0.941%
Break-even: 38.8 days

Slippage from dYdX: live order book, 47 min ago; BingX: 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 dYdX live order book, 47 min ago	16.05 bp	27.4 bp −$27	97.3 bp −$973	141.2 bp −$14.1K	179.0 bp −$89.5K
Sell BingX live order book, 2 min ago	0.99 bp	6.0 bp −$6	6.2 bp −$62	11.1 bp −$1,112	22.1 bp −$11.0K

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	−0.0270%	8h	0.1007	−0.185%	$154.1M	$264.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	−0.176%	$409K	$4.6M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1008	−0.151%	$610K	$105K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1007	−0.199%	$32K	—	150x	as long as short
dYdX DOGE-USDlong	+0.0010%	1h	0.1009	long leg	$227K	$44K	10x
Phoenix DOGE	+0.0081%	1h	0.1017	+0.746%	$16K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0088%	8h	0.1008	−0.165%	$242.2M	$122.6M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1008	−0.099%	$787K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1009	−0.066%	$2K	$362K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1007	−0.180%	$706K	$782K	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	0.1008	−0.151%	$5.2M	$42.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1009	+0.023%	$338K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1008	−0.110%	$324.4M	$1.31B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	−0.105%	$163.1M	$411.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	−0.096%	$109.7M	$926.7M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1010	+0.043%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1017	+0.788%	$390K	$17K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1008	−0.086%	$112.0M	$215.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1008	−0.165%	$65.8M	$39.9M	75x	as long as short
BingX DOGE-USDTshort	+0.0100%	8h	0.1008	−0.105%	—	$74.2M	—
Variational Omni DOGE	+0.0100%	8h	0.1017	+0.780%	$954K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1016	+0.624%	$278K	$114.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1014	+0.488%	$645K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	+0.469%	$149K	$241K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1007	−0.214%	$272K	$535K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1008	−0.165%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1008	−0.172%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	−0.092%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	−0.145%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1008	−0.164%	$6.1M	$49.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1008	−0.175%	$93.3M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1008	−0.083%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1008	−0.167%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	−0.168%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1007	−0.219%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1009	−0.005%	$533	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1008	−0.165%	$2.0M	$23.4M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1007	−0.224%	$15.4M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0271%	1h	0.1008	−0.147%	$316K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1007	−0.207%	$6.0M	$32.4M	50x	as long as short
Hyperliquid DOGE	+0.0419%	1h	0.1009	−0.066%	$111.3M	$81.9M	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0420%	1h	0.1008	−0.086%	$540K	$946K	15x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1009	+0.023%	$316K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1018	+0.866%	$5K	$207K	12x	as long as short