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% APRpaid last 24h 0.000%

Price spread now: Bulk against MEXC+0.243%7-day average +0.006% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$6as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on MEXC Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.243%, 7d avg +0.006%

Together, before fees−0.224%−$22 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 0.237% dearer against MEXC than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.09886	0.0100	pay 0.0100% / 8h	0m 33s	$116.4M	$259.7M	300x
Short	Bulk DOGE-USD	0.09910	0.0100	get 0.0013% / 1h	0m 33s	$378K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against MEXC. 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 MEXCbpFee BulkbpOrdersPrice spread, now +0.243%Rate

Funding earned: $0
Price spread: +0.243% → +0.006%: $23.66
Slippage, 4 orders: −$11.08
Fee MEXC: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $5.58
Costs to cover: 0.181%
Break-even: from the start

Slippage from MEXC: live order book, 4 min ago; Bulk: live order book, 38 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 MEXC live order book, 4 min ago	0.51 bp	0.5 bp −$1	3.0 bp −$30	13.4 bp −$1,338	43.0 bp −$21.5K
Sell Bulk live order book, 38 min ago	5.03 bp	8.5 bp −$9	9.0 bp −$90	19.7 bp −$1,967	36.1 bp −$18.1K

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
Kraken Futures PF_DOGEUSD	−0.0061%	1h	0.09884	−0.024%	$5.5M	$40.8M	50x	as long as short
Bitget DOGEUSDT	−0.0005%	8h	0.09877	−0.091%	$140.1M	$347.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09884	−0.016%	$579K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09883	−0.033%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.514%	$6K	$242K	12x	as long as short
dYdX DOGE-USD	+0.0036%	1h	0.09884	−0.024%	$222K	$63K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0043%	1h	0.09886	0.000%	$257K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09895	+0.094%	$825K	$6.9M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09886	0.000%	$535K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09892	+0.058%	$123.2M	$117.2M	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	0.09888	+0.019%	$4.9M	$59.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09887	+0.010%	$321K	$507K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09888	+0.018%	$326.9M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09882	−0.040%	$163.5M	$525.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09886	0.000%	$114.9M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09889	+0.030%	$16K	$306K	10x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.09910	+0.243%	$378K	$16K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09882	−0.040%	$249.3M	$159.3M	75x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.09886	long leg	$116.4M	$259.7M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09887	+0.010%	$66.3M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09884	−0.020%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09889	+0.030%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09877	−0.089%	$1.0M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09883	−0.026%	$300K	$139.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09904	+0.183%	$627K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09880	−0.061%	$141K	$346K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09881	−0.051%	$70K	$478K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09879	−0.067%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09888	+0.020%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09884	−0.020%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09886	0.000%	$5.8M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09892	+0.061%	$90.4M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09885	−0.012%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09882	−0.039%	$485K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09884	−0.025%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0106%	8h	0.09888	+0.020%	$1K	$543K	10x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09888	+0.019%	$18K	$382K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0195%	1h	0.09885	−0.011%	$568K	$264K	25x	as long as short
Reya DOGERUSDPERP	+0.0201%	1h	0.09882	−0.040%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09895	+0.091%	$1.9M	$35.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09882	−0.040%	$15.4M	$26.8M	75x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09893	+0.067%	$440	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0377% / S −0.0750%	1h	0.09882	−0.035%	$615K	—	200x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09894	+0.080%	$398K	$455K	10x	as long as short