Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.049%

Price spread now: GMX against SunX−0.069%7-day average −0.006% · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.142%+$14 on $10k

Price spread, last 3 days (all we have)+0.104%+$10 · spread now −0.069%, 7d avg −0.006%

Together, before fees+0.246%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.064% cheaper against SunX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGE-USDT	0.1007	0.0100	pay 0.0100% / 8h	1h 21m	$35K	$2.2M	30x
Short	GMX DOGE/USD [ETH-USDC]	0.1007	L +0.0246% / S −0.0270%	get 0.0034% / 1h	21m 46s	$315K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $35.61
Price spread: −0.069% → −0.006%: −$6.38
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.23
Costs to cover: 0.200%
Break-even: 5.2 days

Slippage unknown: SunX: live order book, 4 min ago; GMX: no order-book sample. 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 SunX live order book, 4 min ago	18.57 bp	22.6 bp −$23	28.3 bp −$283	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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	−0.0263%	8h	0.1007	+0.012%	$153.8M	$266.3M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	−0.072%	$419K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1007	−0.037%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.1009	+0.122%	$226K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1007	−0.030%	$66K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0092%	8h	0.1008	+0.111%	$242.9M	$124.2M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1009	+0.176%	$795K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1006	−0.117%	$840	$371K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1007	−0.072%	$580K	$856K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1009	+0.141%	$5.0M	$43.7M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1009	+0.147%	$337K	$508K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1008	+0.121%	$321.2M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	+0.081%	$159.9M	$421.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	+0.081%	$110.0M	$934.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1009	+0.131%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	−1.063%	$382K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1008	+0.081%	$111.5M	$217.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1008	+0.121%	$66.3M	$41.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1008	+0.052%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.621%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	−0.511%	$275K	$116.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	−0.387%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	−0.524%	$146K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	−0.117%	$268K	$540K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1007	−0.018%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1007	−0.023%	$25K	$1K	10x	as long as short
SunX DOGE-USDTlong	+0.0100%	8h	0.1007	long leg	$35K	$2.2M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.1007	+0.012%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1007	−0.052%	$6.0M	$50.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1007	+0.012%	$93.3M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1008	+0.073%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1008	+0.102%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	+0.027%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0137%	1h	0.1008	+0.046%	$610K	$109K	25x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1006	−0.096%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1007	−0.028%	$532	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1007	−0.048%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	−0.117%	$15.4M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]short	L +0.0246% / S −0.0270%	1h	0.1007	−0.069%	$315K	—	200x
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1007	+0.013%	$6.0M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0413%	1h	0.1009	+0.161%	$539K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0448%	1h	0.1009	+0.220%	$111.8M	$82.9M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	+0.016%	$316K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1009	+0.171%	$5K	$207K	12x	as long as short