Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against SoDEX−0.010%7-day average +0.002% · 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−$12as in the Price arb table

costs, in and out, $10k−$110.112% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.010%, 7d avg +0.002%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.1004	0.0100	pay 0.0013% / 1h	17m 38s	$2K	$3.6M	10x
Short	MEXC DOGE_USDT	0.1004	0.0100	get 0.0100% / 8h	1h 17m	$112.1M	$217.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SoDEX. 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 SoDEXbpFee MEXCbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.002%: −$1.22
Slippage, 4 orders: −$3.19
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.41
Costs to cover: 0.112%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; MEXC: live order book, 1 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 SoDEX live order book, 1 min ago	1.00 bp	5.0 bp −$5	9.0 bp −$90	146.9 bp −$14.7K	doesn't fit
Sell MEXC live order book, 1 min ago	0.50 bp	0.5 bp $0	1.5 bp −$15	6.9 bp −$687	33.6 bp −$16.8K

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	−0.0262%	8h	0.1003	−0.090%	$153.1M	$266.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.040%	$418K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1004	−0.007%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1004	+0.021%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1004	−0.021%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1009	+0.461%	$67K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0095%	8h	0.1004	−0.020%	$241.6M	$124.5M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1004	+0.040%	$791K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1004	+0.020%	$839	$371K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1004	−0.005%	$569K	$861K	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	0.1004	+0.006%	$4.9M	$43.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1004	+0.018%	$335K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1005	+0.077%	$319.8M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1004	+0.040%	$159.2M	$421.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1005	+0.060%	$109.5M	$931.7M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	+0.139%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.222%	$386K	$14K	10x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1004	−0.010%	$112.1M	$217.7M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1004	−0.010%	$66.1M	$41.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1004	0.000%	—	$74.8M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.311%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	+0.371%	$276K	$116.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1005	+0.091%	$633K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1009	+0.498%	$148K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	−0.010%	$268K	$542K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1004	+0.010%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1004	−0.004%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1005	+0.108%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1004	long leg	$2K	$3.6M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1004	+0.035%	$6.0M	$50.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	−0.050%	$93.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	−0.022%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1004	−0.029%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	+0.010%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1004	+0.001%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1005	+0.125%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1005	+0.060%	$2.0M	$23.6M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1005	+0.070%	$15.3M	$24.9M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0193%	1h	0.1004	+0.027%	$361K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1004	−0.035%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0410%	1h	0.1004	+0.030%	$536K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0456%	1h	0.1005	+0.120%	$111.8M	$83.2M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1005	+0.149%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1006	+0.199%	$5K	$223K	12x	as long as short