Funding arb · Price arb /

DOGE

all DOGE markets

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 Polymarket Perps+0.218%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 3 days (all we have)−0.342%−$34 · spread now +0.218%, 7d avg +0.006%

Together, before fees−0.020%−$2 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 0.212% dearer against Polymarket Perps than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DOGE-USD	0.1011	0.0100	pay 0.0013% / 1h	51m 46s	$264K	$551K	10x
Short	MEXC DOGE_USDT	0.1013	0.0100	get 0.0100% / 8h	51m 46s	$114.9M	$218.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Polymarket Perps. 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 Polymarket PerpsbpFee MEXCbpOrdersPrice spread, now +0.218%Rate

Funding earned: $0
Price spread: +0.218% → +0.006%: $21.18
Slippage, 4 orders: −$9.85
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.33
Costs to cover: 0.179%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 26 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 Polymarket Perps live order book, 26 min ago	3.49 bp	9.4 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.50 bp	0.5 bp $0	1.3 bp −$13	8.5 bp −$851	38.7 bp −$19.3K

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	−0.0249%	8h	0.1013	+0.188%	$154.5M	$267.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1013	+0.172%	$419K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1011	−0.034%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1010	−0.058%	$33K	—	150x	as long as short
Gate DOGE_USDT	+0.0082%	8h	0.1013	+0.158%	$244.6M	$125.2M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1014	+0.288%	$803K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1011	+0.010%	$845	$378K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1011	+0.035%	$602K	$894K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1012	+0.152%	$5.1M	$44.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1012	+0.076%	$337K	$504K	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	0.1013	+0.222%	$323.3M	$1.34B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1013	+0.208%	$159.9M	$427.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1013	+0.247%	$110.8M	$948.7M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1012	+0.109%	$28K	$77K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1004	−0.720%	$385K	$12K	10x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1013	+0.218%	$114.9M	$218.4M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1012	+0.099%	$66.7M	$41.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1013	+0.158%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1006	−0.454%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1011	+0.038%	$279K	$117.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1012	+0.099%	$644K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1008	−0.287%	$148K	$247K	25x	as long as short
Polymarket Perps DOGE-USDlong	+0.0100%	1h	0.1011	long leg	$264K	$551K	10x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1011	−0.030%	$73K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	−0.047%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1011	+0.034%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1011	−0.010%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	−0.070%	$6.0M	$51.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1011	−0.030%	$93.5M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1012	+0.083%	$18K	$5K	30x	as long as short
Kraken Futures PF_DOGEUSD	+0.0104%	1h	0.1010	−0.041%	$6.0M	$33.0M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1013	+0.188%	$559K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1011	−0.005%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0116%	1h	0.1011	+0.016%	$227K	$44K	10x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1011	+0.001%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1013	+0.208%	$15.4M	$25.3M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1013	+0.205%	$67K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1011	+0.020%	$2.0M	$24.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.1011	−0.020%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1012	+0.088%	$534	$4K	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0451%	1h	0.1011	+0.020%	$540K	$960K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1012	+0.109%	$317K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0900%	1h	0.1015	+0.415%	$116.3M	$85.7M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1015	+0.406%	$5K	$239K	12x	as long as short