Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0595%/8h= +65.1% APRpaid last 24h +0.159%

Price spread now: RISEx against MEXC+0.080%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.349%+$35 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.080%, 7d avg +0.045%

Together, before fees+0.293%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and RISEx is 0.035% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.09997	0.0100	pay 0.0100% / 8h	4h 19m	$111.6M	$235.7M	300x
Short	RISEx DOGE/USDC	0.1001	0.0695	get 0.0087% / 1h	19m 16s	$404K	$413K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.080%Rate

Funding earned: $124.93
Price spread: +0.080% → +0.045%: $3.46
Slippage, 4 orders: −$8.09
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $114.3
Costs to cover: 0.141%
Break-even: 0.6 days

Slippage from MEXC: live order book, 5 min ago; RISEx: live order book, 39 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	0.50 bp	0.5 bp −$1	2.3 bp −$23	9.4 bp −$936	42.5 bp −$21.2K
Sell RISEx live order book, 39 min ago	3.54 bp	6.5 bp −$7	12.6 bp −$126	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	−0.0038%	8h	0.09986	−0.110%	$151.0M	$276.7M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.09991	−0.063%	$5.7M	$35.7M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09985	−0.124%	$394K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09992	−0.050%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0015%	1h	0.09988	−0.093%	$224K	$49K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09997	+0.001%	$733K	$6.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1000	+0.030%	$1K	$457K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09991	−0.055%	$526K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.10000	+0.027%	$4.7M	$49.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09993	−0.044%	$324K	$484K	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	0.09997	0.000%	$323.7M	$1.47B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09993	−0.040%	$163.2M	$447.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09993	−0.040%	$112.7M	$1.01B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.226%	$385K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09992	−0.050%	$246.3M	$135.0M	75x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.09997	long leg	$111.6M	$235.7M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09998	+0.010%	$66.3M	$43.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09996	−0.010%	—	$77.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09993	−0.040%	$321K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09987	−0.104%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1000	+0.030%	$300K	$130.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09995	−0.020%	$637K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09990	−0.070%	$146K	$289K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09990	−0.073%	$258K	$863K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09995	−0.020%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09993	−0.043%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09998	+0.013%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09993	−0.040%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09990	−0.065%	$6.0M	$58.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09992	−0.050%	$91.9M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09991	−0.059%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09990	−0.067%	$495K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09994	−0.030%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0140%	1h	0.09996	−0.007%	$598K	$119K	25x	as long as short
Reya DOGERUSDPERP	+0.0190%	1h	0.09994	−0.034%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.1000	+0.059%	$533	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09992	−0.050%	$15.6M	$25.4M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1001	+0.085%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0269%	1h	0.09993	−0.040%	$313K	—	200x	as long as short
Hyperliquid DOGE	+0.0262%	1h	0.1000	+0.060%	$121.9M	$101.5M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.09998	+0.010%	$2.3M	$27.3M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.1001	+0.130%	$109K	$199K	10x	as long as short
RISEx DOGE/USDCshort	+0.0695%	1h	0.1001	+0.080%	$404K	$413K	10x
Injective DOGE/USDC PERP	+0.1004%	1h	0.1003	+0.330%	$5K	$239K	12x	as long as short