Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.005%

Price spread now: Bybit against dYdX+0.445%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.437%−$44 · spread now +0.445%, 7d avg −0.008%

Together, before fees−0.442%−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.453% dearer against dYdX than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.1012	0.0013	pay 0.0002% / 1h	42m 14s	$227K	$44K	10x
Short	Bybit DOGEUSDT	0.1017	0.0100	get 0.0100% / 8h	1h 42m	$164.6M	$409.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.445%Rate

Funding earned: $18.2
Price spread: +0.445% → −0.008%: $45.28
Slippage, 4 orders: −$73.89
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$31.41
Costs to cover: 0.949%
Break-even: 19.1 days

Slippage from dYdX: live order book, 42 min ago; Bybit: 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, 42 min ago	16.05 bp	27.4 bp −$27	97.3 bp −$973	141.2 bp −$14.1K	179.0 bp −$89.5K
Sell Bybit live order book, 2 min ago	0.50 bp	6.5 bp −$7	9.9 bp −$99	21.7 bp −$2,169	42.2 bp −$21.1K

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	−0.0272%	8h	0.1016	+0.365%	$155.5M	$263.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1015	+0.285%	$409K	$4.5M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1017	+0.491%	$616K	$105K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1017	+0.418%	$32K	—	150x	as long as short
dYdX DOGE-USDlong	+0.0013%	1h	0.1012	long leg	$227K	$44K	10x
Phoenix DOGE	+0.0081%	1h	0.1008	−0.402%	$16K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0088%	8h	0.1017	+0.425%	$244.7M	$121.9M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1018	+0.496%	$796K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1016	+0.356%	$849	$359K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1016	+0.346%	$714K	$777K	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	0.1017	+0.450%	$5.2M	$42.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1013	+0.085%	$339K	$497K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1017	+0.464%	$323.8M	$1.30B	75x	as long as short
Bybit DOGEUSDTshort	+0.0100%	8h	0.1017	+0.445%	$164.6M	$409.4M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1017	+0.484%	$110.9M	$929.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1017	+0.464%	$29K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.938%	$384K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1017	+0.454%	$111.5M	$215.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1017	+0.435%	$66.5M	$39.6M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1017	+0.435%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1003	−0.893%	$934K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1006	−0.686%	$276K	$113.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	−0.650%	$641K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1006	−0.642%	$147K	$240K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1017	+0.425%	$274K	$536K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1017	+0.474%	$73K	$420K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1017	+0.473%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1018	+0.506%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1017	+0.474%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1017	+0.430%	$6.1M	$49.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1017	+0.435%	$94.2M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1013	+0.097%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1017	+0.476%	$564K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1017	+0.474%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1017	+0.455%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1017	+0.405%	$537	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1018	+0.524%	$2.1M	$23.5M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1012	−0.049%	$15.4M	$24.6M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0271%	1h	0.1017	+0.399%	$319K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0358%	1h	0.1017	+0.434%	$6.1M	$32.2M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0433%	1h	0.1019	+0.603%	$537K	$940K	15x	as long as short
Hyperliquid DOGE	+0.0454%	1h	0.1019	+0.672%	$112.4M	$81.7M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1017	+0.440%	$319K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1013	+0.049%	$5K	$207K	12x	as long as short