Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0188%/8h= −20.5% APRpaid last 24h −0.037%

Price spread now: Polymarket Perps against BloFin−0.046%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.543%−$54 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.046%, 7d avg −0.038%

Together, before fees−0.505%−$50 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DOGE-USDT	0.09993	0.0220	pay 0.0220% / 8h	1h 29m	$16.2M	$27.1M	75x
Short	Polymarket Perps DOGE-USD	0.09988	0.0032	get 0.0004% / 1h	29m 08s	$266K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$39.38
Price spread: −0.046% → −0.038%: −$0.8
Slippage, 4 orders: −$10.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$70.83
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Polymarket Perps: live order book, 4 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 BloFin live order book, 5 min ago	1.50 bp	8.1 bp −$8	9.2 bp −$92	17.7 bp −$1,774	30.0 bp −$15.0K
Sell Polymarket Perps live order book, 4 min ago	3.20 bp	7.2 bp −$7	7.5 bp −$75	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
Kraken Futures PF_DOGEUSD	−0.0083%	1h	0.09986	−0.070%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09986	−0.066%	$224K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09995	+0.020%	$611K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09983	−0.097%	$34K	—	150x	as long as short
Polymarket Perps DOGE-USDshort	+0.0032%	1h	0.09988	−0.046%	$266K	$1.2M	10x
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.374%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0063%	8h	0.09972	−0.210%	$142.0M	$344.1M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09997	+0.037%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09992	−0.009%	$851K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09993	+0.005%	$540K	$1.1M	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	0.09987	−0.061%	$4.6M	$58.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09997	+0.038%	$320K	$500K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09987	−0.064%	$328.5M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09978	−0.150%	$165.2M	$520.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09984	−0.090%	$117.7M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	−0.030%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09978	−0.150%	$249.5M	$156.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09983	−0.100%	$111.0M	$258.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09984	−0.090%	$66.5M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09983	−0.100%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09981	−0.120%	$304K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09984	−0.093%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09985	−0.077%	$303K	$140.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09988	−0.050%	$630K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09990	−0.030%	$150K	$338K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09989	−0.040%	$66K	$467K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09967	−0.264%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1000	+0.075%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09986	−0.070%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09994	+0.006%	$5.9M	$68.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09985	−0.080%	$91.7M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09999	+0.060%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09981	−0.119%	$486K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09988	−0.055%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0109%	8h	0.09994	+0.010%	$835	$536K	10x	as long as short
Hyperliquid DOGE	+0.0122%	1h	0.09990	−0.033%	$124.0M	$116.5M	10x	as long as short
Reya DOGERUSDPERP	+0.0197%	1h	0.09980	−0.127%	$2K	—	20x	as long as short
BloFin DOGE-USDTlong	+0.0220%	8h	0.09993	long leg	$16.2M	$27.1M	75x
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09998	+0.050%	$1.9M	$34.8M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09986	−0.071%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1000	+0.087%	$445	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0281%	1h	0.09989	−0.044%	$573K	$252K	25x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1000	+0.070%	$23K	$305K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.09992	−0.011%	$402K	$457K	10x	as long as short