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: MEXC against Pacifica+0.050%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$180.176% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.050%, 7d avg −0.016%

Together, before fees−0.152%+ Points / potential airdropPacifica: Active · farm board−$15 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: MEXC is 0.066% dearer against Pacifica than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica DOGE	0.09974	0.0100	pay 0.0013% / 1h	2m 25s	$332K	$511K	20x
Short	MEXC DOGE_USDT	0.09979	0.0100	get 0.0100% / 8h	2m 25s	$112.1M	$223.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.016%: $6.62
Slippage, 4 orders: −$9.59
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$10.98
Costs to cover: 0.176%
Break-even: never at this rate

Slippage from Pacifica: live order book, 11 min ago; MEXC: live order book, 2 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, 11 min ago	2.52 bp	7.0 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.50 bp	0.5 bp −$1	1.6 bp −$16	5.6 bp −$564	34.7 bp −$17.3K

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	−0.0211%	8h	0.09972	−0.020%	$152.4M	$270.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09940	−0.344%	$396K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09979	+0.052%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0066%	1h	0.09964	−0.099%	$224K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0071%	8h	0.09976	+0.020%	$242.5M	$129.3M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.09975	+0.013%	$781K	$5.6M	15x	as long as short
Katana Perps DOGE-USD	+0.0098%	8h	0.09972	−0.020%	$867	$396K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09974	0.000%	$512K	$977K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09978	+0.043%	$4.9M	$46.1M	75x	as long as short
Pacifica DOGElong	+0.0100%	1h	0.09974	long leg	$332K	$511K	20x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09981	+0.070%	$317.3M	$1.39B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09981	+0.070%	$157.6M	$435.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09984	+0.100%	$109.7M	$957.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09975	+0.010%	$28K	$82K	10x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09979	+0.050%	$112.1M	$223.3M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09979	+0.050%	$66.0M	$42.2M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09976	+0.020%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09893	−0.810%	$994K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09911	−0.634%	$256K	$120.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09912	−0.622%	$623K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	−0.642%	$145K	$252K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09974	+0.001%	$256K	$556K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09980	+0.060%	$73K	$446K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09955	−0.195%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09955	−0.195%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09957	−0.170%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09958	−0.160%	$6.0M	$52.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09958	−0.160%	$92.0M	$19.2M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09909	−0.652%	$380K	$12K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09970	−0.041%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09968	−0.059%	$518K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09983	+0.090%	$19K	—	3x	as long as short
Kraken Futures PF_DOGEUSD	+0.0105%	1h	0.09956	−0.184%	$6.0M	$33.7M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0122%	1h	0.09961	−0.129%	$599K	$121K	25x	as long as short
Reya DOGERUSDPERP	+0.0180%	1h	0.09977	+0.030%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09978	+0.044%	$527	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09955	−0.190%	$15.2M	$25.3M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.09916	−0.580%	$66K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09962	−0.120%	$2.0M	$24.3M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.09979	+0.046%	$308K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0300%	1h	0.09962	−0.120%	$382K	$1.1M	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.09977	+0.028%	$315K	$477K	10x	as long as short
Hyperliquid DOGE	+0.0815%	1h	0.09990	+0.163%	$116.7M	$90.4M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.09940	−0.341%	$5K	$239K	12x	as long as short