Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against HTX−0.586%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on HTX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.610%+$61 · spread now −0.586%, 7d avg −0.014%

Together, before fees+0.604%+$60 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: Bulk is 0.572% cheaper against HTX than usual: you would sell low and buy high, −$57 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DOGE-USDT	0.1000	0.0100	pay 0.0100% / 8h	6h 08m	$5.9M	$55.2M	75x
Short	Bulk DOGE-USD	0.09945	0.0100	get 0.0013% / 1h	8m 02s	$381K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against HTX. 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 HTXbpFee BulkbpOrdersPrice spread, now −0.586%Rate

Funding earned: $0
Price spread: −0.586% → −0.014%: −$57.18
Slippage, 4 orders: −$16.64
Fee HTX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$92.82
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Bulk: live order book, 61 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 HTX live order book, 1 min ago	1.10 bp	11.4 bp −$11	19.3 bp −$193	47.1 bp −$4,710	doesn't fit
Sell Bulk live order book, 61 min ago	4.95 bp	8.4 bp −$8	8.4 bp −$84	13.6 bp −$1,361	23.3 bp −$11.7K

DOGE on 43 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	−0.0097%	8h	0.09990	−0.132%	$151.5M	$273.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09983	−0.197%	$390K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09991	−0.121%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0011%	1h	0.09954	−0.497%	$223K	$49K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0066%	1h	0.09995	−0.085%	$5.8M	$34.4M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.1000	+0.007%	$826K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09968	−0.352%	$833	$429K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09977	−0.257%	$533K	$992K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.10000	−0.032%	$4.7M	$48.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09959	−0.442%	$327K	$503K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09997	−0.062%	$317.8M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09999	−0.042%	$159.1M	$440.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1000	−0.022%	$110.9M	$984.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09981	−0.222%	$128K	$178K	10x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.09945	−0.586%	$381K	$5K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09992	−0.112%	$242.4M	$133.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09997	−0.062%	$112.6M	$231.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09996	−0.072%	$66.2M	$43.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09993	−0.102%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1000	−0.032%	$344K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09982	−0.214%	$995K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09982	−0.209%	$283K	$128.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09982	−0.211%	$628K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09990	−0.132%	$146K	$271K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09975	−0.282%	$257K	$643K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	+0.028%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1000	+0.013%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09997	−0.063%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1000	−0.002%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDTlong	+0.0100%	8h	0.1000	long leg	$5.9M	$55.2M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09996	−0.072%	$92.1M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09998	−0.050%	$561K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1000	+0.017%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0107%	8h	0.09957	−0.460%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0185%	1h	0.09982	−0.210%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09978	−0.249%	$532	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09994	−0.092%	$2.0M	$25.3M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09938	−0.655%	$64K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09992	−0.116%	$311K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0280%	1h	0.1001	+0.035%	$598K	$118K	25x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09974	−0.290%	$401K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0697%	1h	0.1001	+0.048%	$122.1M	$98.5M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1002	+0.168%	$5K	$239K	12x	as long as short