Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0131%/8h= −14.3% APRpaid last 24h −0.023%

Price spread now: SunX against Arcus−0.210%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

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

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.210%, 7d avg +0.023%

Together, before fees+0.173%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.233% cheaper against Arcus than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DOGE-USD	0.1001	0.0231	pay 0.0029% / 1h	50m 06s	$108K	$207K	10x
Short	SunX DOGE-USDT	0.09984	0.0100	get 0.0100% / 8h	2h 50m	$35K	$2.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$27.51
Price spread: −0.210% → +0.023%: −$23.31
Slippage, 4 orders: −$63.55
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$126.87
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from Arcus: live order book, 59 min ago; SunX: live order book, 6 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 Arcus live order book, 59 min ago	11.93 bp	14.8 bp −$15	28.8 bp −$288	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	14.33 bp	27.8 bp −$28	35.3 bp −$353	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
dYdX DOGE-USD	0.0000%	1h	0.09992	−0.126%	$224K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09993	−0.119%	$646K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09980	−0.247%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09965	−0.399%	$5.5M	$39.6M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0009%	1h	0.09976	−0.287%	$265K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09972	−0.331%	$736K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09983	−0.220%	$541K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09970	−0.353%	$124.4M	$114.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09963	−0.418%	$4.4M	$56.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09999	−0.058%	$320K	$524K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09963	−0.420%	$324.3M	$1.66B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09963	−0.420%	$162.5M	$512.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09967	−0.380%	$114.3M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1000	−0.046%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09959	−0.460%	$245.7M	$149.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09966	−0.390%	$114.4M	$250.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09964	−0.410%	$66.2M	$49.2M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09957	−0.480%	$131.6M	$325.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09964	−0.410%	—	$80.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09959	−0.460%	$309K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1000	−0.022%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09997	−0.080%	$312K	$137.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09999	−0.060%	$632K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.050%	$150K	$336K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09979	−0.260%	$64K	$464K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09977	−0.281%	$19K	$7K	10x	as long as short
SunX DOGE-USDTshort	+0.0100%	8h	0.09984	−0.210%	$35K	$2.3M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.09965	−0.400%	$2K	$5.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09964	−0.408%	$5.9M	$67.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09969	−0.360%	$91.7M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09993	−0.123%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09973	−0.317%	$483K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09978	−0.270%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0111%	1h	0.09981	−0.245%	$567K	$248K	25x	as long as short
Katana Perps DOGE-USD	+0.0114%	8h	0.09994	−0.110%	$1K	$516K	10x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.09999	−0.064%	$445	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0193%	1h	0.09980	−0.247%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	0.000%	$16.0M	$26.9M	75x	as long as short
Arcus DOGE-USDlong	+0.0231%	1h	0.1001	long leg	$108K	$207K	10x
Phoenix DOGE	+0.0240%	1h	0.1001	+0.016%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0252% / S −0.0289%	1h	0.09981	−0.241%	$323K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09968	−0.370%	$2.0M	$33.8M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.10000	−0.055%	$403K	$439K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.247%	$6K	$242K	12x	as long as short