Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Bulk−0.282%7-day average −0.047% · 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−$59as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Bulk Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.282%, 7d avg −0.047%

Together, before fees+0.279%+$28 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: BingX is 0.235% cheaper against Bulk than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09947	0.0100	pay 0.0013% / 1h	6m 54s	$381K	$14K	10x
Short	BingX DOGE-USDC	0.09919	0.0100	get 0.0100% / 8h	2h 06m	—	$3.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bulk. 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 BulkbpFee BingXbpOrdersPrice spread, now −0.282%Rate

Funding earned: $0
Price spread: −0.282% → −0.047%: −$23.49
Slippage, 4 orders: −$18.21
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$58.7
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Bulk: live order book, 17 min ago; BingX: live order book, 12 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 Bulk live order book, 17 min ago	5.02 bp	8.5 bp −$9	15.1 bp −$151	20.5 bp −$2,049	31.6 bp −$15.8K
Sell BingX live order book, 12 min ago	1.00 bp	10.5 bp −$11	15.1 bp −$151	34.7 bp −$3,468	112.2 bp −$56.1K

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	−0.0279%	8h	0.09905	−0.423%	$151.9M	$261.3M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09915	−0.324%	$367K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09915	−0.320%	$620K	$106K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09907	−0.406%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0079%	8h	0.09910	−0.373%	$236.2M	$121.0M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09951	+0.037%	$15K	$225K	10x	as long as short
dYdX DOGE-USD	+0.0090%	1h	0.09926	−0.217%	$223K	$44K	10x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09923	−0.242%	$840	$346K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09918	−0.294%	$780K	$5.1M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09920	−0.272%	$628K	$698K	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	0.09915	−0.324%	$4.9M	$40.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09932	−0.148%	$334K	$496K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09909	−0.383%	$313.8M	$1.27B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09903	−0.443%	$158.4M	$399.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09915	−0.322%	$108.6M	$892.7M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09933	−0.141%	$28K	$76K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09909	−0.383%	$111.1M	$221.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09908	−0.393%	$64.9M	$39.3M	75x	as long as short
BingX DOGE-USDCshort	+0.0100%	8h	0.09919	−0.282%	—	$3.4M	—
Variational Omni DOGE	+0.0100%	8h	0.09944	−0.028%	$932K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09933	−0.140%	$267K	$112.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09924	−0.228%	$629K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09930	−0.172%	$144K	$228K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09915	−0.319%	$271K	$528K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09914	−0.332%	$57K	$396K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09913	−0.338%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09933	−0.144%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09914	−0.332%	$2K	$3.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09908	−0.391%	$5.9M	$47.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09915	−0.322%	$91.9M	$19.0M	50x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09947	long leg	$381K	$14K	10x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09929	−0.184%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09911	−0.360%	$547K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09916	−0.312%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09932	−0.157%	$524	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0175%	1h	0.09916	−0.314%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09919	−0.282%	$15.2M	$23.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09920	−0.272%	$2.0M	$22.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0247%	1h	0.09907	−0.405%	$317K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0258%	1h	0.09919	−0.282%	$524K	$931K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0288%	1h	0.09914	−0.333%	$5.9M	$31.9M	50x	as long as short
Hyperliquid DOGE	+0.0409%	1h	0.09925	−0.226%	$109.2M	$79.8M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09935	−0.124%	$312K	$472K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09960	+0.130%	$5K	$180K	12x	as long as short