Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against GRVT+1.064%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs+$91as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days−1.112%−$111 · spread now +1.064%, 7d avg +0.003%

Together, before fees−1.169%+ Points / potential airdropGRVT: Active · farm board−$117 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 1.061% dearer against GRVT than usual: you sell high and buy low, +$106 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DOGE_USDT_Perp	0.1019	0.0100	pay 0.0100% / 8h	3h 56m	$646K	$4.5M	10x
Short	MEXC DOGE_USDT	0.1030	0.0100	get 0.0100% / 8h	3h 56m	$115.6M	$236.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GRVT. 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 GRVTbpFee MEXCbpOrdersPrice spread, now +1.064%Rate

Funding earned: $0
Price spread: +1.064% → +0.003%: $106.09
Slippage, 4 orders: −$5.75
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $91.34
Costs to cover: 0.148%
Break-even: from the start

Slippage from GRVT: live order book, 2 min ago; MEXC: 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 GRVT live order book, 2 min ago	0.49 bp	8.8 bp −$9	17.0 bp −$170	48.3 bp −$4,828	doesn't fit
Sell MEXC live order book, 2 min ago	0.49 bp	0.5 bp $0	0.9 bp −$9	9.5 bp −$955	44.2 bp −$22.1K

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	−0.0019%	8h	0.1031	+1.103%	$154.8M	$281.8M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1027	+0.712%	$230K	$48K	10x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1028	+0.843%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.1031	+1.171%	$762K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1027	+0.789%	$1K	$475K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1028	+0.867%	$544K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1030	+1.052%	$4.8M	$51.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1027	+0.741%	$338K	$491K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1031	+1.097%	$340.3M	$1.51B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1031	+1.113%	$171.7M	$460.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1031	+1.122%	$117.7M	$1.08B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−1.429%	$386K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1030	+1.034%	$254.8M	$136.0M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1030	+1.064%	$115.6M	$236.9M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1030	+1.044%	$68.6M	$44.8M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1031	+1.132%	—	$77.6M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1029	+0.936%	$324K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1019	−0.067%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1020	+0.103%	$313K	$132.6M	20x	as long as short
GRVT DOGE_USDT_Perplong	+0.0100%	8h	0.1019	long leg	$646K	$4.5M	10x
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1021	+0.161%	$149K	$293K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1027	+0.799%	$265K	$881K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1028	+0.897%	$72K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1028	+0.837%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1029	+0.982%	$37K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1029	+0.956%	$2K	$4.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1029	+0.967%	$6.2M	$60.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1029	+0.956%	$94.6M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1028	+0.837%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1030	+1.031%	$501K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1028	+0.880%	$20K	—	3x	as long as short
Kalshi KXDOGEPERP	+0.0164%	8h	0.1027	+0.780%	$518K	$5.6M	2.8x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1028	+0.816%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.1028	+0.873%	$548	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1029	+0.926%	$16.3M	$26.4M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1022	+0.281%	$66K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0244%	1h	0.1029	+0.983%	$5.8M	$36.1M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0246%	1h	0.1028	+0.877%	$615K	$119K	25x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0258% / S −0.0292%	1h	0.1028	+0.843%	$338K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1029	+0.965%	$2.1M	$29.3M	50x	as long as short
Hyperliquid DOGE	+0.0532%	1h	0.1032	+1.240%	$126.4M	$103.5M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1029	+0.975%	$112K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1029	+0.919%	$417K	$421K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1030	+1.044%	$6K	$239K	12x	as long as short