Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1117%/8h= +122.3% APRpaid last 24h +0.209%

Price spread now: Injective against MEXC+5.289%7-day average +0.196% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+1.546%+$155 on $10k

Price spread, last 4 days (all we have)−5.388%−$539 · spread now +5.289%, 7d avg +0.196%

Together, before fees−3.841%−$384 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Injective is 5.093% dearer against MEXC than usual: you sell high and buy low: +$509 more if the spread goes back to its 7-day average of +0.196%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.1000	0.0100	pay 0.0100% / 8h	2h 56m	$113.6M	$248.8M	300x
Short	Injective DOGE/USDC PERP	0.1053	0.1217	get 0.0152% / 1h	56m 32s	$6K	$242K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +5.289%Rate

Funding earned: $234.47
Price spread: +5.289% → +0.196%: $509.34
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $743.79
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 min ago; Injective: live order book, 57 min ago. Net counts fees only.

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, 3 min ago	0.50 bp	0.5 bp −$1	2.5 bp −$25	11.9 bp −$1,189	41.5 bp −$20.8K
Sell Injective live order book, 57 min ago	38.06 bp	528.3 bp −$528	doesn't fit	doesn't fit	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
dYdX DOGE-USD	0.0000%	1h	0.1000	−0.006%	$225K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09993	−0.078%	$644K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1001	+0.063%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.1001	+0.121%	$5.6M	$40.5M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0045%	1h	0.09988	−0.131%	$262K	$1.1M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1001	+0.044%	$738K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1000	0.000%	$548K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.1000	0.000%	$124.7M	$113.7M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09997	−0.045%	$4.4M	$56.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1000	−0.005%	$320K	$524K	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	0.09995	−0.060%	$325.2M	$1.65B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09991	−0.100%	$162.7M	$510.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09995	−0.060%	$114.0M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.179%	$385K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09996	−0.050%	$246.3M	$148.6M	75x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.1000	long leg	$113.6M	$248.8M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1000	+0.020%	$66.5M	$49.0M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09992	−0.090%	$129.8M	$322.6M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09993	−0.080%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	+0.230%	$316K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09995	−0.062%	$1.1M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09998	−0.033%	$315K	$137.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1000	+0.009%	$633K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09990	−0.110%	$150K	$335K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	+0.070%	$65K	$464K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1000	+0.039%	$19K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	+0.110%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1001	+0.110%	$2K	$5.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1002	+0.205%	$5.9M	$66.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	+0.240%	$92.2M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09996	−0.050%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09995	−0.061%	$481K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	+0.093%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0115%	8h	0.09995	−0.060%	$1K	$514K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0150%	1h	0.1002	+0.144%	$569K	$247K	25x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.1000	−0.004%	$445	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0193%	1h	0.09994	−0.067%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	+0.260%	$16.2M	$26.9M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.1001	+0.060%	$108K	$207K	10x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1000	+0.017%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0252% / S −0.0290%	1h	0.1001	+0.069%	$324K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1002	+0.150%	$2.0M	$33.8M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.1000	+0.028%	$403K	$437K	10x	as long as short
Injective DOGE/USDC PERPshort	+0.1217%	1h	0.1053	+5.289%	$6K	$242K	12x