Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0631%/8h= −69.0% APRpaid last 24h −0.166%

Price spread now: MEXC against RISEx−0.095%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$100.100% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.383%−$38 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.095%, 7d avg −0.044%

Together, before fees−0.313%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and MEXC is 0.051% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09909	0.0731	pay 0.0091% / 1h	20m 20s	$404K	$461K	10x
Short	MEXC DOGE_USDT	0.09900	0.0100	get 0.0100% / 8h	20m 20s	$117.0M	$259.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$132.41
Price spread: −0.095% → −0.044%: −$5.09
Slippage, 4 orders: −$4.04
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$147.54
Costs to cover: 0.100%
Break-even: never at this rate

Slippage from RISEx: live order book, 18 min ago; MEXC: live order book, 4 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 RISEx live order book, 18 min ago	1.51 bp	4.5 bp −$5	9.9 bp −$99	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.51 bp	0.5 bp −$1	1.9 bp −$19	9.9 bp −$990	36.2 bp −$18.1K

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
Kraken Futures PF_DOGEUSD	−0.0061%	1h	0.09888	−0.221%	$5.5M	$40.8M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09893	−0.170%	$222K	$63K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09896	−0.136%	$579K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09887	−0.231%	$35K	—	150x	as long as short
Bitget DOGEUSDT	+0.0007%	8h	0.09896	−0.136%	$140.3M	$347.7M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0023%	1h	0.09898	−0.119%	$258K	$1.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.262%	$6K	$242K	12x	as long as short
Lighter DOGE	+0.0096%	1h	0.09904	−0.055%	$827K	$6.9M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09897	−0.121%	$535K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09912	+0.023%	$123.4M	$117.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09901	−0.088%	$4.5M	$59.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09897	−0.128%	$321K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09901	−0.085%	$327.0M	$1.73B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09896	−0.136%	$163.9M	$526.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09902	−0.075%	$115.1M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09903	−0.065%	$16K	$311K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09914	+0.046%	$379K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09896	−0.136%	$248.9M	$158.1M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09900	−0.095%	$117.0M	$259.1M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09902	−0.075%	$66.1M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09896	−0.136%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09890	−0.196%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09880	−0.299%	$1.0M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09892	−0.175%	$300K	$139.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09892	−0.177%	$623K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09890	−0.196%	$141K	$345K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09900	−0.095%	$71K	$473K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09900	−0.094%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09906	−0.032%	$34K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09889	−0.206%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09888	−0.216%	$5.8M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09891	−0.186%	$90.5M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09899	−0.107%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09895	−0.142%	$485K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09903	−0.070%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0106%	8h	0.09898	−0.116%	$827	$542K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0155%	1h	0.09890	−0.198%	$568K	$257K	25x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09907	−0.024%	$18K	$382K	10x	as long as short
Reya DOGERUSDPERP	+0.0200%	1h	0.09896	−0.133%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09889	−0.206%	$1.9M	$34.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09890	−0.196%	$15.4M	$26.8M	75x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09908	−0.014%	$441	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09889	−0.209%	$311K	—	200x	as long as short
RISEx DOGE/USDClong	+0.0731%	1h	0.09909	long leg	$404K	$461K	10x