Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0608%/8h= +66.6% APRpaid last 24h +0.149%

Price spread now: RISEx against BingX+0.091%7-day average +0.083% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.324%+$32 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.091%, 7d avg +0.083%

Together, before fees+0.328%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DOGE-USDC	0.1008	0.0100	pay 0.0100% / 8h	39m 53s	—	$3.4M	—
Short	RISEx DOGE/USDC	0.1009	0.0708	get 0.0088% / 1h	39m 53s	$316K	$475K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BingX. 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 BingXbpFee RISExbpOrdersPrice spread, now +0.091%Rate

Funding earned: $127.65
Price spread: +0.091% → +0.083%: $0.83
Slippage, 4 orders: −$11.22
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $101.26
Costs to cover: 0.272%
Break-even: 1.4 days

Slippage from BingX: live order book, 10 min ago; RISEx: live order book, 39 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 BingX live order book, 10 min ago	0.99 bp	7.7 bp −$8	14.3 bp −$143	34.6 bp −$3,458	108.1 bp −$54.0K
Sell RISEx live order book, 39 min ago	1.99 bp	5.0 bp −$5	10.3 bp −$103	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	−0.0241%	8h	0.1007	−0.079%	$153.3M	$268.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1009	+0.102%	$420K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1007	−0.038%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0058%	1h	0.1008	+0.009%	$609K	$114K	25x	as long as short
Gate DOGE_USDT	+0.0076%	8h	0.1008	−0.020%	$243.0M	$126.4M	75x	as long as short
dYdX DOGE-USD	+0.0078%	1h	0.1008	−0.003%	$226K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1008	+0.050%	$809K	$5.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1008	+0.069%	$974	$389K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1008	0.000%	$601K	$899K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1008	0.000%	$5.0M	$45.3M	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	0.1008	+0.066%	$336K	$506K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1008	+0.051%	$322.3M	$1.36B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	+0.050%	$158.9M	$429.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	+0.010%	$109.6M	$950.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1008	+0.079%	$31K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1008	+0.030%	$386K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1008	+0.040%	$112.7M	$220.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1008	+0.040%	$66.3M	$41.8M	75x	as long as short
BingX DOGE-USDClong	+0.0100%	8h	0.1008	long leg	—	$3.4M	—
Variational Omni DOGE	+0.0100%	8h	0.1011	+0.290%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1018	+1.068%	$279K	$118.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1013	+0.506%	$638K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1019	+1.121%	$150K	$249K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1008	−0.010%	$260K	$557K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1008	−0.010%	$73K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1008	−0.013%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	+0.006%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	−0.010%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1007	−0.041%	$6.1M	$51.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1007	−0.030%	$93.2M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1008	+0.019%	$18K	$5K	30x	as long as short
Kraken Futures PF_DOGEUSD	+0.0104%	1h	0.1007	−0.027%	$6.0M	$33.2M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1008	−0.003%	$552K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	+0.012%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1008	−0.008%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1010	+0.218%	$15.5M	$25.5M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1015	+0.729%	$67K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1008	+0.079%	$2.0M	$24.3M	50x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1009	+0.122%	$533	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0252% / S −0.0291%	1h	0.1007	−0.034%	$331K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0434%	1h	0.1008	+0.069%	$539K	$965K	15x	as long as short
RISEx DOGE/USDCshort	+0.0708%	1h	0.1009	+0.091%	$316K	$475K	10x
Hyperliquid DOGE	+0.0944%	1h	0.1009	+0.159%	$118.0M	$88.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1008	+0.030%	$5K	$239K	12x	as long as short