Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.004%

Price spread now: dYdX against MEXC+0.129%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.129%, 7d avg −0.005%

Together, before fees−0.144%−$14 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 dYdX is 0.134% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.1017	0.0100	pay 0.0100% / 8h	46m 41s	$115.2M	$219.1M	300x
Short	dYdX DOGE-USD	0.1019	0.0115	get 0.0014% / 1h	46m 41s	$229K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.129%Rate

Funding earned: $3.05
Price spread: +0.129% → −0.005%: $13.37
Slippage, 4 orders: −$44.73
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$38.31
Costs to cover: 0.547%
Break-even: 94.8 days

Slippage from MEXC: live order book, 2 min ago; dYdX: live order book, 32 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, 2 min ago	0.49 bp	0.5 bp $0	1.1 bp −$11	9.1 bp −$913	41.5 bp −$20.7K
Sell dYdX live order book, 32 min ago	21.87 bp	26.9 bp −$27	78.2 bp −$782	96.9 bp −$9,689	106.9 bp −$53.4K

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	−0.0245%	8h	0.1016	−0.118%	$155.0M	$268.0M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1012	−0.498%	$421K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1012	−0.535%	$33K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0056%	1h	0.1013	−0.447%	$609K	$109K	25x	as long as short
Gate DOGE_USDT	+0.0083%	8h	0.1017	−0.029%	$245.6M	$125.6M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1018	+0.036%	$807K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1012	−0.531%	$845	$382K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1012	−0.511%	$604K	$894K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1017	+0.011%	$5.1M	$44.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1012	−0.480%	$338K	$506K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1019	+0.176%	$325.4M	$1.35B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1019	+0.197%	$161.0M	$428.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1020	+0.265%	$111.2M	$957.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1013	−0.462%	$31K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1015	−0.275%	$389K	$12K	10x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.1017	long leg	$115.2M	$219.1M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1017	−0.010%	$66.9M	$41.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1017	+0.020%	—	$75.3M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1014	−0.361%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1013	−0.452%	$278K	$117.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1012	−0.473%	$641K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	−0.324%	$149K	$248K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1012	−0.541%	$262K	$554K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1013	−0.472%	$74K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1012	−0.482%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1013	−0.411%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1013	−0.374%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1014	−0.366%	$6.1M	$51.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1014	−0.344%	$93.8M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1012	−0.520%	$18K	$5K	30x	as long as short
Kraken Futures PF_DOGEUSD	+0.0103%	1h	0.1014	−0.361%	$6.0M	$33.1M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1017	−0.019%	$558K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1012	−0.506%	$19K	—	3x	as long as short
dYdX DOGE-USDshort	+0.0115%	1h	0.1019	+0.129%	$229K	$44K	10x
Reya DOGERUSDPERP	+0.0178%	1h	0.1012	−0.525%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1014	−0.324%	$15.4M	$25.5M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1012	−0.516%	$67K	$281K	10x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.1013	−0.410%	$535	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1014	−0.315%	$2.0M	$24.2M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0252% / S −0.0287%	1h	0.1012	−0.540%	$329K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0431%	1h	0.1016	−0.167%	$543K	$961K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1013	−0.443%	$317K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0929%	1h	0.1019	+0.147%	$118.3M	$87.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1014	−0.324%	$5K	$239K	12x	as long as short