Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against SunX+0.962%7-day average −0.021% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$34as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on SunX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−1.048%−$105 · spread now +0.962%, 7d avg −0.021%

Together, before fees−1.050%−$105 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: Bulk is 0.982% dearer against SunX than usual: you sell high and buy low, +$98 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGE-USDT	0.09824	0.0100	pay 0.0100% / 8h	2h 38m	$35K	$2.1M	30x
Short	Bulk DOGE-USD	0.09919	0.0100	get 0.0013% / 1h	38m 55s	$380K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against SunX. 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 SunXbpFee BulkbpOrdersPrice spread, now +0.962%Rate

Funding earned: $0
Price spread: +0.962% → −0.021%: $98.22
Slippage, 4 orders: −$48.98
Fee SunX: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $34.24
Costs to cover: 0.640%
Break-even: from the start

Slippage from SunX: live order book, 7 min ago; Bulk: live order book, 50 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 SunX live order book, 7 min ago	17.88 bp	21.9 bp −$22	29.8 bp −$298	doesn't fit	doesn't fit
Sell Bulk live order book, 50 min ago	5.02 bp	8.5 bp −$9	8.5 bp −$85	15.0 bp −$1,503	27.0 bp −$13.5K

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	−0.0279%	8h	0.09834	+0.098%	$151.1M	$259.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09819	−0.054%	$354K	$4.3M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09823	−0.017%	$614K	$88K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09817	−0.075%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0061%	8h	0.09831	+0.067%	$233.7M	$118.8M	75x	as long as short
dYdX DOGE-USD	+0.0062%	1h	0.09826	+0.019%	$221K	$44K	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09899	+0.759%	$15K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0095%	8h	0.09820	−0.045%	$820	$334K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09828	+0.034%	$780K	$5.1M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09814	−0.106%	$623K	$695K	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	0.09834	+0.097%	$4.9M	$40.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09845	+0.206%	$335K	$505K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09843	+0.192%	$314.8M	$1.26B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09839	+0.149%	$156.2M	$396.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09844	+0.200%	$106.9M	$880.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09815	−0.096%	$28K	$75K	10x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.09919	+0.962%	$380K	$19K	10x
MEXC DOGE_USDT	+0.0100%	8h	0.09837	+0.128%	$119.5M	$214.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09839	+0.149%	$64.8M	$39.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09830	+0.057%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09888	+0.643%	$934K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09898	+0.752%	$263K	$111.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09895	+0.716%	$629K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09890	+0.668%	$141K	$223K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09810	−0.148%	$271K	$546K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09823	−0.014%	$56K	$380K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09820	−0.046%	$24K	$1K	10x	as long as short
SunX DOGE-USDTlong	+0.0100%	8h	0.09824	long leg	$35K	$2.1M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.09823	−0.014%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09819	−0.056%	$5.9M	$46.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09826	+0.016%	$91.2M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09821	−0.030%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09834	+0.102%	$545K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09823	−0.011%	$19K	—	3x	as long as short
Backpack DOGE_USDC_PERP	+0.0158%	1h	0.09829	+0.047%	$520K	$906K	15x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09819	−0.056%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09821	−0.035%	$15.1M	$23.5M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09810	−0.141%	$518	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09824	−0.004%	$2.0M	$22.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0242% / S −0.0263%	1h	0.09818	−0.068%	$303K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0291%	1h	0.09822	−0.025%	$6.1M	$31.5M	50x	as long as short
Hyperliquid DOGE	+0.0473%	1h	0.09838	+0.139%	$109.5M	$78.1M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09816	−0.091%	$309K	$469K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09930	+1.075%	$5K	$153K	12x	as long as short