Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.016%

Price spread now: MEXC against Reya−0.171%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.171% cheaper against Reya than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya DOGERUSDPERP	0.1004	0.0185	pay 0.0023% / 1h	3m 42s	$2K	—	20x
Short	MEXC DOGE_USDT	0.1002	0.0100	get 0.0100% / 8h	6h 03m	$114.1M	$232.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$17.88
Price spread: −0.171% → 0.000%: −$17.11
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$40.99
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.50 bp	0.5 bp −$1	2.3 bp −$23	9.6 bp −$956	42.8 bp −$21.4K

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget DOGEUSDT	−0.0095%	8h	0.1001	−0.321%	$151.6M	$273.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.042%	$396K	$5.0M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1002	−0.182%	$599K	$118K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1003	−0.099%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.1001	−0.327%	$225K	$49K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0066%	1h	0.1002	−0.184%	$5.8M	$34.6M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	−0.206%	$825K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.1004	+0.008%	$1K	$428K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1004	+0.028%	$537K	$987K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1002	−0.151%	$4.7M	$48.1M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1001	−0.261%	$329K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.289%	$318.8M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1000	−0.370%	$159.4M	$437.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09998	−0.410%	$111.1M	$982.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1006	+0.187%	$129K	$178K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	−0.233%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	−0.211%	$242.9M	$133.5M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1002	−0.171%	$114.1M	$232.1M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	−0.131%	$66.4M	$43.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	−0.201%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	−0.181%	$345K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.233%	$999K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09999	−0.400%	$294K	$129.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09943	−0.961%	$631K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.390%	$146K	$272K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	−0.012%	$257K	$645K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.181%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	−0.191%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	+0.048%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	−0.191%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1003	−0.065%	$5.9M	$55.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	−0.191%	$92.3M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	−0.204%	$563K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	−0.182%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0107%	8h	0.1004	+0.025%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERPlong	+0.0185%	1h	0.1004	long leg	$2K	—	20x
01 Exchange DOGEUSD	+0.0216%	1h	0.1005	+0.079%	$536	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1003	−0.121%	$2.3M	$25.8M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09990	−0.489%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.1003	−0.106%	$313K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.1005	+0.103%	$405K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0688%	1h	0.1003	−0.131%	$122.5M	$98.8M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1006	+0.207%	$5K	$239K	12x	as long as short