Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0066%/8h= −7.3% APRpaid last 24h −0.005%

Price spread now: dYdX against SunX+0.015%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now +0.015%, 7d avg −0.045%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.060% dearer against SunX than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.045%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGE-USDT	0.1001	0.0100	pay 0.0100% / 8h	1h 10m	$35K	$2.2M	30x
Short	dYdX DOGE-USD	0.1001	0.0034	get 0.0004% / 1h	10m 19s	$225K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$13.96
Price spread: +0.015% → −0.045%: $6.05
Slippage, 4 orders: −$81.87
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$107.78
Costs to cover: 0.999%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; dYdX: live order book, 9 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, 5 min ago	18.51 bp	22.5 bp −$23	28.3 bp −$283	doesn't fit	doesn't fit
Sell dYdX live order book, 9 min ago	21.87 bp	26.9 bp −$27	78.2 bp −$782	96.9 bp −$9,689	106.9 bp −$53.4K

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	−0.0259%	8h	0.1000	−0.058%	$152.8M	$266.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	+0.112%	$415K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1001	+0.054%	$606K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1001	+0.023%	$32K	—	150x	as long as short
dYdX DOGE-USDshort	+0.0034%	1h	0.1001	+0.015%	$225K	$44K	10x
Phoenix DOGE	+0.0081%	1h	0.1006	+0.474%	$66K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.139%	$789K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1001	−0.008%	$836	$371K	10x	as long as short
Gate DOGE_USDT	+0.0097%	8h	0.1001	−0.028%	$241.0M	$125.0M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	+0.007%	$570K	$863K	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	0.1001	+0.032%	$4.9M	$44.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	+0.112%	$334K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	+0.082%	$318.4M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	+0.072%	$158.7M	$421.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	+0.112%	$108.9M	$931.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1001	+0.052%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	+0.204%	$384K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	+0.022%	$111.2M	$218.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	−0.018%	$65.9M	$41.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1001	+0.012%	—	$74.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.133%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1004	+0.288%	$275K	$116.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	+0.262%	$633K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1003	+0.222%	$147K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1000	−0.068%	$267K	$541K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	+0.022%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1001	+0.024%	$25K	$1K	10x	as long as short
SunX DOGE-USDTlong	+0.0100%	8h	0.1001	long leg	$35K	$2.2M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.1001	+0.052%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.029%	$6.0M	$50.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	+0.062%	$92.7M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1001	+0.007%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	+0.001%	$554K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	+0.028%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1000	−0.063%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1001	+0.034%	$529	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1002	+0.072%	$2.0M	$23.6M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	+0.172%	$15.3M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0216%	1h	0.1001	−0.018%	$350K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0364%	1h	0.1001	+0.068%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0406%	1h	0.1003	+0.172%	$535K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0493%	1h	0.1002	+0.117%	$114.3M	$85.0M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1001	+0.064%	$314K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1006	+0.522%	$5K	$239K	12x	as long as short