Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.005%

Price spread now: MEXC against dYdX+0.040%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.040%, 7d avg +0.004%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.036% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.09972	0.0090	pay 0.0011% / 1h	21m 36s	$224K	$44K	10x
Short	MEXC DOGE_USDT	0.09976	0.0100	get 0.0100% / 8h	2h 21m	$113.3M	$218.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.040%Rate

Funding earned: $2.14
Price spread: +0.040% → +0.004%: $3.57
Slippage, 4 orders: −$73.1
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$77.39
Costs to cover: 0.831%
Break-even: 260.3 days

Slippage from dYdX: live order book, 2 min ago; MEXC: live order book, 3 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, 2 min ago	16.05 bp	27.4 bp −$27	97.3 bp −$973	141.2 bp −$14.1K	179.0 bp −$89.5K
Sell MEXC live order book, 3 min ago	0.50 bp	0.5 bp −$1	2.7 bp −$27	11.8 bp −$1,181	31.8 bp −$15.9K

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	−0.0279%	8h	0.09963	−0.090%	$153.0M	$260.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09992	+0.204%	$376K	$4.3M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09984	+0.123%	$624K	$103K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09988	+0.163%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0070%	8h	0.09973	+0.010%	$238.1M	$120.0M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09946	−0.264%	$15K	$225K	10x	as long as short
dYdX DOGE-USDlong	+0.0090%	1h	0.09972	long leg	$224K	$44K	10x
Katana Perps DOGE-USD	+0.0095%	8h	0.09971	−0.010%	$1K	$341K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09977	+0.054%	$788K	$5.1M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09984	+0.120%	$632K	$696K	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	0.09979	+0.074%	$4.8M	$40.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09977	+0.054%	$338K	$494K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09978	+0.058%	$315.9M	$1.27B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09974	+0.020%	$158.2M	$398.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09975	+0.030%	$108.9M	$895.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09978	+0.060%	$28K	$75K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09975	+0.030%	$382K	$15K	10x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09976	+0.040%	$113.3M	$218.8M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09974	+0.020%	$65.6M	$39.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09971	−0.010%	—	$73.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09927	−0.450%	$922K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09902	−0.699%	$263K	$112.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09913	−0.591%	$631K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	−0.622%	$141K	$223K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09989	+0.168%	$274K	$529K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09984	+0.120%	$57K	$397K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09980	+0.085%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09997	+0.249%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09986	+0.140%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09982	+0.104%	$6.0M	$47.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09981	+0.090%	$92.6M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09974	+0.025%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09970	−0.017%	$550K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09980	+0.078%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0174%	1h	0.09995	+0.236%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.09983	+0.113%	$527	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09962	−0.100%	$15.1M	$23.9M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09984	+0.120%	$2.0M	$22.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0266%	1h	0.09993	+0.216%	$310K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0250%	1h	0.09987	+0.150%	$527K	$931K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0286%	1h	0.09984	+0.120%	$6.1M	$31.8M	50x	as long as short
Hyperliquid DOGE	+0.0421%	1h	0.09980	+0.077%	$110.2M	$79.0M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09978	+0.065%	$313K	$473K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09980	+0.080%	$5K	$180K	12x	as long as short