Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against MEXC−0.020%49s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.179% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.323%−$32 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.020%, 7d avg −0.006%

Together, before fees−0.211%−$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.1013	0.0100	pay 0.0100% / 8h	50m 37s	$114.4M	$218.6M	300x
Short	Polymarket Perps DOGE-USD	0.1013	0.0100	get 0.0013% / 1h	50m 37s	$265K	$551K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.006%: −$1.37
Slippage, 4 orders: −$9.85
Fee MEXC: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$19.23
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Polymarket Perps: live order book, 27 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, 3 min ago	0.50 bp	0.5 bp $0	2.4 bp −$24	9.9 bp −$988	40.1 bp −$20.0K
Sell Polymarket Perps live order book, 27 min ago	3.49 bp	7.5 bp −$7	8.0 bp −$80	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
Bitget DOGEUSDT	−0.0247%	8h	0.1013	−0.079%	$154.5M	$267.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1014	+0.030%	$422K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1013	−0.093%	$609K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1012	−0.113%	$33K	—	150x	as long as short
Gate DOGE_USDT	+0.0085%	8h	0.1013	0.000%	$244.9M	$125.3M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1015	+0.169%	$807K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1014	+0.030%	$847	$378K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1014	+0.020%	$604K	$893K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1014	+0.079%	$5.1M	$44.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1015	+0.168%	$338K	$504K	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	0.1015	+0.125%	$323.9M	$1.34B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1013	−0.030%	$160.1M	$427.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1013	0.000%	$111.0M	$948.6M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1015	+0.109%	$31K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1015	+0.099%	$389K	$12K	10x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.1013	long leg	$114.4M	$218.6M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1013	0.000%	$66.7M	$41.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1014	+0.089%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1006	−0.709%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1011	−0.218%	$279K	$117.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1012	−0.158%	$644K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	+0.049%	$149K	$248K	25x	as long as short
Polymarket Perps DOGE-USDshort	+0.0100%	1h	0.1013	−0.020%	$265K	$551K	10x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1012	−0.109%	$74K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1012	−0.118%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1013	−0.017%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1013	−0.099%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1013	−0.028%	$6.1M	$51.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1012	−0.187%	$93.6M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1015	+0.121%	$18K	$5K	30x	as long as short
Kraken Futures PF_DOGEUSD	+0.0103%	1h	0.1012	−0.145%	$6.0M	$33.0M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1013	−0.034%	$567K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1013	−0.094%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0139%	1h	0.1014	+0.041%	$228K	$44K	10x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1013	−0.083%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1012	−0.158%	$15.3M	$25.4M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1013	−0.052%	$67K	$281K	10x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.1015	+0.106%	$536	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1012	−0.128%	$2.0M	$24.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.1012	−0.111%	$315K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0455%	1h	0.1012	−0.138%	$541K	$960K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1015	+0.129%	$318K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0918%	1h	0.1016	+0.276%	$116.5M	$86.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1014	+0.049%	$5K	$239K	12x	as long as short