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: OKX against MEXC−0.115%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.115%, 7d avg −0.007%

Together, before fees+0.097%+$10 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: OKX is 0.108% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.1045	0.0100	pay 0.0100% / 8h	3h 49m	$117.4M	$239.3M	300x
Short	OKX DOGE-USDT-SWAP	0.1044	0.0100	get 0.0100% / 8h	3h 49m	$118.7M	$1.14B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → −0.007%: −$10.77
Slippage, 4 orders: −$2.99
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.76
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	0.48 bp	0.5 bp $0	2.6 bp −$26	14.5 bp −$1,446	42.4 bp −$21.2K
Sell OKX live order book, 5 min ago	0.48 bp	5.5 bp −$5	8.7 bp −$87	19.2 bp −$1,922	47.4 bp −$23.7K

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	−0.0001%	8h	0.1044	−0.153%	$141.5M	$307.2M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1045	−0.064%	$235K	$70K	10x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1045	−0.071%	$25K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.1046	+0.058%	$753K	$6.3M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1046	+0.014%	$566K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1046	+0.027%	$5.1M	$52.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1045	−0.025%	$337K	$510K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1045	−0.042%	$345.1M	$1.56B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1045	−0.038%	$172.3M	$485.0M	75x	as long as short
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.1044	−0.115%	$118.7M	$1.14B	50x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk DOGE-USD	+0.0100%	1h	0.1047	+0.119%	$402K	$11K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1045	−0.077%	$257.9M	$141.0M	75x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.1045	long leg	$117.4M	$239.3M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1045	−0.067%	$69.1M	$47.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1044	−0.096%	—	$3.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1052	+0.590%	$1.2M	$8.3M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1052	+0.657%	$319K	$133.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1055	+0.918%	$668K	$4.5M	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1047	+0.115%	$269K	$889K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1046	+0.029%	$73K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1045	+0.009%	$26K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1046	+0.089%	$37K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1046	+0.077%	$2K	$4.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1046	+0.012%	$6.2M	$62.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1046	+0.077%	$96.2M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0104%	8h	0.1044	−0.087%	$19K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1044	−0.157%	$506K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1046	+0.026%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0126%	8h	0.1044	−0.105%	$2K	$483K	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0164%	1h	0.1046	+0.038%	$348K	$1.2M	15x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1047	+0.136%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1051	+0.564%	$16.3M	$27.5M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0228%	1h	0.1046	+0.050%	$589K	$242K	25x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1050	+0.463%	$68K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0241%	1h	0.1046	+0.038%	$5.7M	$37.6M	50x	as long as short
Kalshi KXDOGEPERP	+0.0242%	8h	0.1046	+0.080%	$756K	$6.1M	2.8x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0260% / S −0.0320%	1h	0.1045	−0.040%	$345K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1044	−0.130%	$464	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1047	+0.134%	$2.0M	$31.9M	50x	as long as short
Hyperliquid DOGE	+0.0590%	1h	0.1047	+0.106%	$129.3M	$106.9M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1045	−0.057%	$113K	$200K	10x	as long as short
ApeX Omni DOGEUSDT	+0.0688%	1h	0.1053	+0.727%	$165K	$306K	25x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1044	−0.097%	$421K	$426K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+0.727%	$6K	$242K	12x	as long as short