Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.005%

Price spread now: SunX against dYdX+0.107%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1271.269% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.107%, 7d avg +0.045%

Together, before fees+0.046%+$5 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 SunX is 0.062% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.09973	0.0008	pay 0.0001% / 1h	30m 22s	$224K	$44K	10x
Short	SunX DOGE-USDT	0.09984	0.0100	get 0.0100% / 8h	1h 30m	$35K	$2.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $19.36
Price spread: +0.107% → +0.045%: $6.18
Slippage, 4 orders: −$108.9
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$101.37
Costs to cover: 1.269%
Break-even: 43.7 days

Slippage from dYdX: live order book, 54 min ago; SunX: live order book, 6 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, 54 min ago	16.05 bp	27.4 bp −$27	97.3 bp −$973	141.2 bp −$14.1K	179.0 bp −$89.5K
Sell SunX live order book, 6 min ago	17.55 bp	23.1 bp −$23	31.6 bp −$316	doesn't fit	doesn't fit

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	−0.0268%	8h	0.09972	−0.012%	$152.2M	$265.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09982	+0.087%	$415K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09977	+0.040%	$32K	—	150x	as long as short
dYdX DOGE-USDlong	+0.0008%	1h	0.09973	long leg	$224K	$44K	10x
Deribit DOGE_USDC-PERPETUAL	+0.0071%	1h	0.09973	−0.003%	$604K	$109K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1003	+0.616%	$19K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0089%	8h	0.09974	+0.008%	$239.7M	$123.4M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.09976	+0.026%	$780K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09971	−0.022%	$2K	$366K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09970	−0.032%	$567K	$851K	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	0.09972	−0.010%	$5.1M	$43.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09975	+0.013%	$334K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09980	+0.069%	$318.4M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09977	+0.038%	$159.6M	$417.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09982	+0.088%	$108.7M	$922.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09976	+0.028%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	−0.075%	$382K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09978	+0.048%	$109.2M	$216.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09972	−0.012%	$65.0M	$40.2M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09970	−0.032%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09974	+0.011%	$947K	$8.0M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.519%	$279K	$115.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+0.920%	$634K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.469%	$147K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09970	−0.033%	$266K	$540K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09979	+0.058%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09979	+0.056%	$24K	$1K	10x	as long as short
SunX DOGE-USDTshort	+0.0100%	8h	0.09984	+0.107%	$35K	$2.2M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.09972	−0.012%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09971	−0.025%	$6.0M	$50.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09966	−0.072%	$92.3M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09975	+0.018%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09973	0.000%	$552K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09982	+0.088%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.09973	−0.001%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09977	+0.037%	$527	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09973	−0.002%	$2.0M	$23.3M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09973	−0.002%	$15.4M	$24.8M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.09978	+0.045%	$312K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0365%	1h	0.09974	+0.009%	$5.9M	$32.7M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0383%	1h	0.09973	−0.002%	$533K	$952K	15x	as long as short
Hyperliquid DOGE	+0.0407%	1h	0.09982	+0.087%	$110.1M	$82.4M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.09979	+0.059%	$313K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1002	+0.469%	$5K	$207K	12x	as long as short