Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni−0.796%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.292%+$29 · spread now −0.796%, 7d avg −0.043%

Together, before fees+0.238%+$24 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: MEXC is 0.753% cheaper against ApeX Omni than usual: you would sell low and buy high, −$75 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DOGEUSDT	0.09930	0.0100	pay 0.0013% / 1h	39m 07s	$145K	$275K	25x
Short	MEXC DOGE_USDT	0.09851	0.0100	get 0.0100% / 8h	6h 39m	$109.8M	$228.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.796%Rate

Funding earned: $0
Price spread: −0.796% → −0.043%: −$75.29
Slippage, 4 orders: −$26.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$111.55
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; MEXC: live order book, 5 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, 28 min ago	4.96 bp	24.2 bp −$24	67.0 bp −$670	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.50 bp	0.5 bp −$1	1.7 bp −$17	9.2 bp −$921	43.5 bp −$21.7K

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	−0.0132%	8h	0.09845	−0.856%	$149.3M	$273.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09848	−0.821%	$386K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09847	−0.838%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0028%	1h	0.09846	−0.843%	$221K	$51K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0065%	1h	0.09852	−0.785%	$589K	$119K	25x	as long as short
Kraken Futures PF_DOGEUSD	+0.0067%	1h	0.09850	−0.808%	$5.8M	$34.2M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09857	−0.731%	$738K	$6.0M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09824	−1.067%	$821	$432K	10x	as long as short
Gate DOGE_USDT	+0.0099%	8h	0.09848	−0.826%	$239.0M	$131.0M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09855	−0.755%	$478K	$981K	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	0.09849	−0.816%	$4.6M	$48.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09858	−0.729%	$325K	$504K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09851	−0.796%	$312.2M	$1.44B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09851	−0.796%	$156.7M	$445.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09852	−0.785%	$108.6M	$972.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09850	−0.806%	$127K	$182K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	+0.603%	$383K	$5K	10x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09851	−0.796%	$109.8M	$228.1M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09850	−0.806%	$65.3M	$42.8M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09845	−0.856%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09852	−0.785%	$341K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09845	−0.856%	$971K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09944	+0.139%	$274K	$126.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09850	−0.804%	$618K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDTlong	+0.0100%	1h	0.09930	long leg	$145K	$275K	25x
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09845	−0.852%	$254K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09849	−0.816%	$69K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09849	−0.816%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09857	−0.735%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09855	−0.755%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09849	−0.812%	$5.9M	$54.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09849	−0.816%	$90.8M	$17.9M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09849	−0.819%	$521K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09855	−0.754%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0114%	8h	0.09840	−0.907%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0184%	1h	0.09851	−0.792%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.09842	−0.887%	$525	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09978	+0.483%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09862	−0.685%	$2.0M	$24.9M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09873	−0.576%	$64K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0267%	1h	0.09846	−0.843%	$306K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09841	−0.892%	$316K	$406K	10x	as long as short
Hyperliquid DOGE	+0.0679%	1h	0.09864	−0.670%	$119.6M	$96.9M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09890	−0.403%	$5K	$239K	12x	as long as short