Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against MEXC0.000%7-day average −0.004% · 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−$10as in the Price arb table

costs, in and out, $10k−$100.101% of the position

Long on MEXC Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now 0.000%, 7d avg −0.004%

Together, before fees−0.028%−$3 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	0.09943	0.0100	pay 0.0100% / 8h	6h 58m	$112.9M	$254.1M	300x
Short	SoDEX DOGE-USD	0.09943	0.0100	get 0.0013% / 1h	58m 55s	$2K	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.004%: $0.41
Slippage, 4 orders: −$2.14
Fee MEXC: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$9.73
Costs to cover: 0.101%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; SoDEX: 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	0.50 bp	0.5 bp −$1	1.4 bp −$14	9.5 bp −$953	45.6 bp −$22.8K
Sell SoDEX live order book, 5 min ago	0.50 bp	4.5 bp −$5	7.7 bp −$77	146.3 bp −$14.6K	doesn't fit

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
Kraken Futures PF_DOGEUSD	−0.0052%	1h	0.09946	+0.031%	$5.4M	$40.6M	50x	as long as short
Bitget DOGEUSDT	−0.0023%	8h	0.09938	−0.050%	$140.4M	$347.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09947	+0.042%	$515K	$6.6M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09944	+0.009%	$557K	$301K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09967	+0.243%	$33K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.904%	$6K	$240K	12x	as long as short
Gate DOGE_USDT	+0.0058%	8h	0.09947	+0.040%	$252.9M	$145.5M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09974	+0.312%	$18K	$352K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09953	+0.099%	$827K	$6.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09948	+0.050%	$1K	$544K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09945	+0.020%	$515K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09950	+0.070%	$5.0M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09954	+0.110%	$323K	$473K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09950	+0.072%	$328.7M	$1.69B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09945	+0.020%	$167.6M	$521.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09945	+0.020%	$116.8M	$1.17B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09951	+0.080%	$17K	$307K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09946	+0.025%	$380K	$2K	10x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.09943	long leg	$112.9M	$254.1M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09948	+0.050%	$66.3M	$48.8M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09954	+0.111%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09949	+0.060%	$308K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09958	+0.147%	$1.1M	$8.3M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09967	+0.240%	$264K	$138.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09969	+0.265%	$628K	$4.0M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09970	+0.272%	$142K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09946	+0.035%	$259K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09942	−0.010%	$71K	$451K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09948	+0.049%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.09943	0.000%	$2K	$5.4M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09956	+0.129%	$6.0M	$67.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09945	+0.020%	$90.8M	$16.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09945	+0.020%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09939	−0.043%	$483K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09940	−0.027%	$19K	—	3x	as long as short
Hyperliquid DOGE	+0.0109%	1h	0.09959	+0.163%	$124.3M	$113.5M	10x	as long as short
Reya DOGERUSDPERP	+0.0203%	1h	0.09939	−0.045%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09952	+0.093%	$458	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09943	0.000%	$15.4M	$26.9M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0304%	1h	0.09969	+0.262%	$360K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09950	+0.070%	$2.2M	$35.3M	50x	as long as short
dYdX DOGE-USD	+0.0338%	1h	0.09945	+0.023%	$234K	$72K	10x	as long as short
RISEx DOGE/USDC	+0.0565%	1h	0.09946	+0.030%	$403K	$450K	10x	as long as short