Funding arb · Price arb /

DOGE

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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: BingX against Pacifica−0.053%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Pacifica Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.053%, 7d avg −0.024%

Together, before fees−0.042%+ Points / potential airdropPacifica: Active · farm board−$4 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: BingX is 0.029% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica DOGE	0.1002	0.0100	pay 0.0013% / 1h	32m 26s	$334K	$509K	20x
Short	BingX DOGE-USDT	0.1002	0.0100	get 0.0100% / 8h	32m 26s	—	$75.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Pacifica. 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 PacificabpFee BingXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.024%: −$2.91
Slippage, 4 orders: −$7.63
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$28.55
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Pacifica: live order book, 46 min ago; BingX: live order book, 7 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 Pacifica live order book, 46 min ago	1.49 bp	6.2 bp −$6	8.6 bp −$86	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.99 bp	6.0 bp −$6	7.4 bp −$74	11.8 bp −$1,183	25.2 bp −$12.6K

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	−0.0240%	8h	0.1000	−0.212%	$152.3M	$268.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.115%	$415K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	−0.062%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0059%	1h	0.1002	−0.044%	$225K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0078%	8h	0.1001	−0.103%	$241.3M	$127.0M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0089%	1h	0.1003	+0.072%	$604K	$117K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1003	+0.036%	$794K	$5.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1001	−0.103%	$2K	$390K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1002	−0.053%	$539K	$961K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1002	−0.043%	$5.0M	$45.6M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGElong	+0.0100%	1h	0.1002	long leg	$334K	$509K	20x
Binance DOGEUSDT	+0.0100%	8h	0.1002	−0.053%	$318.7M	$1.36B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.093%	$157.8M	$430.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	−0.083%	$108.9M	$946.7M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1003	+0.017%	$31K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1008	+0.556%	$386K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	−0.053%	$111.5M	$220.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	−0.053%	$65.9M	$41.9M	75x	as long as short
BingX DOGE-USDTshort	+0.0100%	8h	0.1002	−0.053%	—	$75.6M	—
Variational Omni DOGE	+0.0100%	8h	0.1006	+0.399%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1007	+0.456%	$276K	$118.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1007	+0.456%	$636K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1005	+0.256%	$148K	$250K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1002	−0.073%	$258K	$556K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.093%	$73K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1001	−0.098%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	−0.024%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	−0.013%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1004	+0.127%	$6.0M	$51.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	−0.033%	$92.7M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1002	−0.052%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	−0.055%	$527K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	−0.111%	$19K	—	3x	as long as short
Kraken Futures PF_DOGEUSD	+0.0105%	1h	0.1002	−0.031%	$5.9M	$33.3M	50x	as long as short
Reya DOGERUSDPERP	+0.0179%	1h	0.1002	−0.076%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	−0.053%	$15.4M	$25.3M	75x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.1003	+0.021%	$529	$4K	10x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1009	+0.614%	$67K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1003	+0.097%	$2.0M	$24.2M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0273%	1h	0.1002	−0.073%	$316K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0387%	1h	0.1003	+0.007%	$535K	$965K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1003	+0.022%	$314K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0901%	1h	0.1003	+0.087%	$117.7M	$88.9M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1012	+0.955%	$5K	$239K	12x	as long as short