Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against ApeX Omni+0.040%103s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.450% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.040%, 7d avg −0.009%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.049% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.009%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DOGEUSDT	0.1002	0.0100	pay 0.0013% / 1h	15m 34s	$148K	$340K	25x
Short	BloFin DOGE-USDT	0.1002	0.0220	get 0.0220% / 8h	1h 15m	$16.2M	$27.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $25.2
Price spread: +0.040% → −0.009%: $4.9
Slippage, 4 orders: −$22.98
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.88
Costs to cover: 0.450%
Break-even: 11.1 days

Slippage from ApeX Omni: live order book, 27 min ago; BloFin: live order book, 8 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 ApeX Omni live order book, 27 min ago	5.02 bp	16.6 bp −$17	52.8 bp −$528	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	1.00 bp	7.0 bp −$7	8.2 bp −$82	16.4 bp −$1,643	34.0 bp −$17.0K

DOGE on 43 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
Kraken Futures PF_DOGEUSD	−0.0082%	1h	0.1002	−0.022%	$5.7M	$40.6M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1001	−0.120%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	−0.023%	$613K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	−0.035%	$36K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.090%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0049%	8h	0.09996	−0.240%	$141.9M	$344.3M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0050%	1h	0.1001	−0.150%	$263K	$1.2M	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1003	+0.055%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	−0.007%	$849K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	−0.105%	$540K	$1.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1001	−0.126%	$4.5M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	−0.075%	$319K	$501K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.140%	$329.7M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1000	−0.190%	$165.1M	$522.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.150%	$117.4M	$1.21B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	+0.077%	$385K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1000	−0.180%	$250.0M	$157.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	−0.140%	$112.2M	$258.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	−0.140%	$66.8M	$50.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1000	−0.160%	—	$53.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	−0.060%	$303K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.112%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.003%	$304K	$140.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	−0.090%	$631K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDTlong	+0.0100%	1h	0.1002	long leg	$148K	$340K	25x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.050%	$70K	$476K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	−0.036%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	−0.040%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	−0.079%	$5.9M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	−0.050%	$91.8M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1000	−0.172%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09999	−0.209%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	−0.052%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.1000	−0.170%	$836	$538K	10x	as long as short
Hyperliquid DOGE	+0.0137%	1h	0.1002	−0.020%	$124.6M	$116.6M	10x	as long as short
Reya DOGERUSDPERP	+0.0197%	1h	0.1002	−0.042%	$2K	—	20x	as long as short
BloFin DOGE-USDTshort	+0.0220%	8h	0.1002	+0.040%	$16.2M	$27.2M	75x
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1002	−0.030%	$1.9M	$34.9M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.1001	−0.054%	$315K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0269%	1h	0.1002	0.000%	$575K	$253K	25x	as long as short
01 Exchange DOGEUSD	+0.0272%	1h	0.1001	−0.094%	$445	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1000	−0.160%	$18K	$307K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1002	−0.028%	$403K	$458K	10x	as long as short