Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.016%

Price spread now: Reya against MEXC−0.012%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.09977	0.0100	pay 0.0100% / 8h	6h 03m	$113.4M	$232.2M	300x
Short	Reya DOGERUSDPERP	0.09976	0.0185	get 0.0023% / 1h	3m 01s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.012%Rate

Funding earned: $17.89
Price spread: −0.012% → 0.000%: −$1.24
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $10.65
Costs to cover: 0.060%
Break-even: 2.8 days

Slippage unknown: MEXC: live order book, 1 min ago; Reya: no order-book sample. 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, 1 min ago	0.50 bp	0.5 bp $0	2.4 bp −$24	12.3 bp −$1,227	43.8 bp −$21.9K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DOGE on 43 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	−0.0094%	8h	0.09967	−0.100%	$151.0M	$273.0M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09979	+0.024%	$394K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09981	+0.038%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.1001	+0.295%	$225K	$49K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0020%	1h	0.09988	+0.105%	$597K	$118K	25x	as long as short
Kraken Futures PF_DOGEUSD	+0.0066%	1h	0.09984	+0.067%	$5.8M	$34.6M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09993	+0.160%	$823K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09992	+0.150%	$835	$429K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09987	+0.100%	$532K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09990	+0.130%	$4.6M	$48.2M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1001	+0.361%	$329K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09974	−0.030%	$317.6M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09975	−0.020%	$159.0M	$437.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09978	+0.010%	$110.7M	$981.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1001	+0.341%	$129K	$178K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.389%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09970	−0.070%	$241.7M	$133.6M	75x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.09977	long leg	$113.4M	$232.2M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09982	+0.050%	$66.1M	$43.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09976	−0.010%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09971	−0.060%	$334K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.388%	$999K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09999	+0.221%	$294K	$129.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	+0.548%	$636K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.231%	$146K	$272K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09989	+0.117%	$259K	$659K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09986	+0.090%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09987	+0.098%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09981	+0.042%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09988	+0.110%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09977	−0.004%	$5.9M	$55.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09973	−0.040%	$91.9M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09985	+0.076%	$560K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09987	+0.100%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0107%	8h	0.1000	+0.251%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERPshort	+0.0185%	1h	0.09976	−0.012%	$2K	—	20x
01 Exchange DOGEUSD	+0.0216%	1h	0.09996	+0.190%	$533	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09984	+0.070%	$2.3M	$25.7M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.1004	+0.590%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09974	−0.027%	$311K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09999	+0.215%	$403K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0682%	1h	0.09982	+0.053%	$121.3M	$99.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1006	+0.832%	$5K	$239K	12x	as long as short