Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Phemex against SunX−0.068%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.068%, 7d avg −0.025%

Together, before fees−0.008%−$1 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: Phemex is 0.043% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGE-USDT	0.1003	0.0100	pay 0.0100% / 8h	1h 10m	$35K	$2.2M	30x
Short	Phemex DOGEUSDT	0.1002	0.0100	get 0.0100% / 8h	1h 10m	$92.8M	$19.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.025%: −$4.3
Slippage, 4 orders: −$56.12
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$80.42
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Phemex: live order book, 3 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 Phemex live order book, 3 min ago	2.49 bp	16.5 bp −$17	29.2 bp −$292	doesn't fit	doesn't fit

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	−0.267%	$152.8M	$266.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1005	+0.190%	$415K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1002	−0.043%	$607K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1002	−0.057%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0034%	1h	0.1001	−0.184%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1006	+0.273%	$66K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	−0.045%	$789K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1001	−0.207%	$836	$371K	10x	as long as short
Gate DOGE_USDT	+0.0097%	8h	0.1001	−0.227%	$241.0M	$125.0M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	−0.003%	$571K	$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	0.1002	−0.085%	$4.9M	$44.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	−0.088%	$334K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	−0.104%	$318.5M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1001	−0.207%	$158.6M	$421.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.187%	$109.0M	$930.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1001	−0.148%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	+0.004%	$384K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	−0.168%	$111.2M	$217.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	−0.178%	$65.9M	$41.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1001	−0.187%	—	$74.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1004	+0.144%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1004	+0.088%	$275K	$116.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	+0.062%	$633K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1003	+0.022%	$147K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1002	−0.068%	$267K	$542K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.048%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	−0.054%	$25K	$1K	10x	as long as short
SunX DOGE-USDTlong	+0.0100%	8h	0.1003	long leg	$35K	$2.2M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.1002	−0.068%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1004	+0.100%	$6.0M	$50.6M	75x	as long as short
Phemex DOGEUSDTshort	+0.0100%	8h	0.1002	−0.068%	$92.8M	$19.2M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1001	−0.192%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	−0.218%	$554K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	−0.031%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1002	−0.058%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1001	−0.166%	$529	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1003	+0.012%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	−0.028%	$15.3M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0248% / S −0.0216%	1h	0.1002	−0.060%	$350K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0364%	1h	0.1002	−0.061%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0406%	1h	0.1003	−0.028%	$535K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0493%	1h	0.1003	+0.072%	$114.5M	$85.0M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1001	−0.136%	$314K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1006	+0.321%	$5K	$239K	12x	as long as short