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: HTX against MEXC−0.173%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$190.195% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.180%+$18 · spread now −0.173%, 7d avg +0.033%

Together, before fees+0.237%+$24 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: HTX is 0.206% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.1012	0.0100	pay 0.0100% / 8h	7h 31m	$114.1M	$224.4M	300x
Short	HTX DOGE-USDT	0.1010	0.0100	get 0.0100% / 8h	7h 31m	$6.0M	$52.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.173%Rate

Funding earned: $0
Price spread: −0.173% → +0.033%: −$20.59
Slippage, 4 orders: −$7.46
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.05
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; HTX: 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 MEXC live order book, 2 min ago	0.50 bp	0.5 bp $0	2.2 bp −$22	10.9 bp −$1,095	42.2 bp −$21.1K
Sell HTX live order book, 2 min ago	1.19 bp	10.5 bp −$11	15.0 bp −$150	51.7 bp −$5,171	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
Phemex DOGEUSDT	−0.0252%	8h	0.1010	−0.188%	$93.2M	$18.0M	50x	as long as short
Bitget DOGEUSDT	−0.0187%	8h	0.1011	−0.128%	$153.9M	$270.8M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1009	−0.329%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	−0.191%	$407K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1007	−0.440%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0020%	1h	0.1012	−0.006%	$227K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1013	+0.065%	$792K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1006	−0.632%	$840	$410K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	−0.563%	$517K	$973K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1011	−0.056%	$5.0M	$46.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1007	−0.527%	$335K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1012	+0.020%	$322.1M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1012	+0.040%	$160.7M	$438.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1013	+0.069%	$110.9M	$975.6M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	−0.642%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−0.666%	$385K	$9K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1012	−0.040%	$245.7M	$129.1M	75x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.1012	long leg	$114.1M	$224.4M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1012	0.000%	$66.3M	$42.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1012	−0.010%	—	$76.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1012	−0.020%	$368K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	−0.139%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	−0.434%	$265K	$123.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1007	−0.514%	$643K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1010	−0.188%	$148K	$267K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	−0.632%	$275K	$583K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1008	−0.395%	$73K	$427K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1008	−0.381%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	−0.361%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	−0.336%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.1010	−0.173%	$6.0M	$52.6M	75x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1006	−0.624%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1012	−0.035%	$532K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	−0.384%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0157%	1h	0.1008	−0.338%	$607K	$121K	25x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1006	−0.545%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1006	−0.596%	$531	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	−0.593%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1008	−0.405%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1008	−0.415%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.1007	−0.454%	$310K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1005	−0.643%	$318K	$477K	10x	as long as short
Hyperliquid DOGE	+0.0856%	1h	0.1013	+0.099%	$123.4M	$94.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1011	−0.089%	$5K	$239K	12x	as long as short