Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.028%

Price spread now: Bitget against dYdX−0.121%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$970.969% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.121%, 7d avg −0.030%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.090% cheaper against dYdX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.09964	0	get 0.0000% / 1h	15m 34s	$224K	$49K	10x
Short	Bitget DOGEUSDT	0.09952	−0.0076	pay 0.0076% / 8h	5h 15m	$150.6M	$273.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$15.96
Price spread: −0.121% → −0.030%: −$9.03
Slippage, 4 orders: −$74.87
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.86
Costs to cover: 0.969%
Break-even: never at this rate

Slippage from dYdX: live order book, 48 min ago; Bitget: 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 dYdX live order book, 48 min ago	33.36 bp	40.8 bp −$41	123.6 bp −$1,236	172.1 bp −$17.2K	181.7 bp −$90.9K
Sell Bitget live order book, 4 min ago	0.50 bp	9.8 bp −$10	11.4 bp −$114	17.4 bp −$1,743	28.2 bp −$14.1K

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 DOGEUSDTshort	−0.0076%	8h	0.09952	−0.121%	$150.6M	$273.9M	75x
dYdX DOGE-USDlong	0.0000%	1h	0.09964	long leg	$224K	$49K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09968	+0.041%	$441K	$5.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09976	+0.124%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0091%	1h	0.09977	+0.134%	$596K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09969	+0.051%	$772K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09962	−0.020%	$900	$443K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09963	−0.010%	$533K	$996K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09967	+0.026%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09966	+0.020%	$328K	$483K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09962	−0.020%	$318.8M	$1.44B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09959	−0.050%	$160.4M	$441.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09962	−0.020%	$111.1M	$988.1M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09940	−0.240%	$381K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09957	−0.070%	$243.8M	$133.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09963	−0.010%	$111.7M	$231.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09965	+0.010%	$65.9M	$43.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09950	−0.141%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09972	+0.080%	$328K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09975	+0.106%	$988K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09941	−0.233%	$295K	$129.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09949	−0.148%	$631K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	−0.241%	$145K	$279K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09956	−0.079%	$252K	$739K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09976	+0.120%	$70K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09974	+0.098%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09971	+0.069%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09976	+0.120%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09973	+0.086%	$6.0M	$56.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09972	+0.080%	$91.8M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0102%	8h	0.09961	−0.031%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09957	−0.067%	$499K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09975	+0.110%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0187%	1h	0.09959	−0.049%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09964	+0.004%	$531	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09952	−0.121%	$15.6M	$25.1M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09951	−0.131%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09977	+0.125%	$312K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09989	+0.251%	$2.3M	$26.4M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0307%	1h	0.09974	+0.097%	$5.7M	$35.3M	50x	as long as short
Hyperliquid DOGE	+0.0532%	1h	0.09972	+0.082%	$121.7M	$99.7M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09967	+0.030%	$402K	$368K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09972	+0.080%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1001	+0.462%	$5K	$239K	12x	as long as short