Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.051%

Price spread now: BloFin against dYdX+0.169%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$690.685% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.169%, 7d avg +0.027%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.142% dearer against dYdX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.09859	0	get 0.0000% / 1h	54m 53s	$222K	$64K	10x
Short	BloFin DOGE-USDT	0.09876	0.0220	get 0.0220% / 8h	7h 54m	$15.6M	$26.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.169%Rate

Funding earned: $46.2
Price spread: +0.169% → +0.027%: $14.23
Slippage, 4 orders: −$46.54
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.11
Costs to cover: 0.685%
Break-even: 8.2 days

Slippage from dYdX: live order book, 44 min ago; BloFin: 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, 44 min ago	21.12 bp	26.6 bp −$27	112.9 bp −$1,129	169.2 bp −$16.9K	265.2 bp −$132.6K
Sell BloFin live order book, 4 min ago	1.01 bp	7.0 bp −$7	10.7 bp −$107	21.5 bp −$2,154	40.9 bp −$20.5K

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	−0.0096%	1h	0.09873	+0.135%	$5.5M	$40.8M	50x	as long as short
Bitget DOGEUSDT	−0.0007%	8h	0.09886	+0.271%	$140.4M	$347.8M	75x	as long as short
dYdX DOGE-USDlong	0.0000%	1h	0.09859	long leg	$222K	$64K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09859	−0.003%	$577K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09866	+0.069%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.802%	$6K	$242K	12x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0084%	1h	0.09869	+0.101%	$554K	$282K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09881	+0.216%	$824K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09859	−0.003%	$1K	$544K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09855	−0.044%	$534K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09887	+0.277%	$123.3M	$117.4M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09888	+0.288%	$4.9M	$59.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09862	+0.028%	$320K	$506K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09891	+0.321%	$327.0M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09884	+0.250%	$163.3M	$523.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09889	+0.301%	$115.0M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09860	+0.007%	$16K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09885	+0.260%	$377K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09885	+0.260%	$250.2M	$152.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09891	+0.321%	$116.7M	$257.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09890	+0.311%	$66.2M	$49.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09882	+0.230%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09880	+0.210%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09879	+0.198%	$1.0M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09895	+0.363%	$300K	$139.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09865	+0.058%	$625K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09870	+0.108%	$141K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09860	+0.002%	$257K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09865	+0.058%	$70K	$473K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09903	+0.445%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09873	+0.140%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09868	+0.088%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09872	+0.134%	$5.8M	$69.1M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09861	+0.017%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09886	+0.273%	$483K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09865	+0.060%	$19K	—	3x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09885	+0.264%	$18K	$386K	10x	as long as short
Reya DOGERUSDPERP	+0.0201%	1h	0.09861	+0.015%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09875	+0.159%	$1.9M	$34.9M	50x	as long as short
BloFin DOGE-USDTshort	+0.0220%	8h	0.09876	+0.169%	$15.6M	$26.7M	75x
01 Exchange DOGEUSD	+0.0240%	1h	0.09863	+0.038%	$439	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0285% / S −0.0375%	1h	0.09867	+0.077%	$411K	—	200x	as long as short
Phemex DOGEUSDT	+0.0427%	8h	0.09878	+0.189%	$90.3M	$16.7M	50x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09865	+0.058%	$397K	$455K	10x	as long as short