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: HTX against Bulk−0.359%7-day average +0.014% · 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−$70as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Bulk Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)+0.335%+$33 · spread now −0.359%, 7d avg +0.014%

Together, before fees+0.341%+$34 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: HTX is 0.373% cheaper against Bulk than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09984	0.0100	pay 0.0013% / 1h	18m 10s	$383K	$5K	10x
Short	HTX DOGE-USDT	0.09948	0.0100	get 0.0100% / 8h	6h 18m	$5.9M	$55.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.359%Rate

Funding earned: $0
Price spread: −0.359% → +0.014%: −$37.33
Slippage, 4 orders: −$13.79
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$70.12
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Bulk: live order book, 51 min ago; HTX: live order book, 1 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, 51 min ago	4.95 bp	8.4 bp −$8	8.4 bp −$84	9.6 bp −$961	21.7 bp −$10.9K
Sell HTX live order book, 1 min ago	0.40 bp	6.9 bp −$7	10.2 bp −$102	35.6 bp −$3,559	doesn't fit

DOGE on 43 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	−0.0106%	8h	0.09924	−0.599%	$150.4M	$273.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09949	−0.347%	$390K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09947	−0.369%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.09952	−0.321%	$223K	$49K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0067%	1h	0.09947	−0.372%	$5.8M	$34.2M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09957	−0.266%	$821K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09936	−0.479%	$830	$428K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09941	−0.423%	$533K	$991K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09945	−0.387%	$4.6M	$48.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09956	−0.278%	$327K	$503K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09946	−0.382%	$315.4M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09935	−0.489%	$157.3M	$440.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09935	−0.489%	$110.1M	$978.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09949	−0.348%	$128K	$178K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09984	long leg	$383K	$5K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09932	−0.519%	$241.0M	$132.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09935	−0.489%	$110.6M	$230.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09949	−0.348%	$65.8M	$43.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09932	−0.519%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09934	−0.499%	$339K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09945	−0.392%	$992K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09948	−0.355%	$282K	$128.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09957	−0.268%	$636K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	−0.338%	$145K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09937	−0.467%	$256K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09945	−0.388%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09944	−0.394%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09952	−0.320%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09949	−0.348%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.09948	−0.359%	$5.9M	$55.1M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09939	−0.449%	$91.6M	$16.9M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09946	−0.375%	$558K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09947	−0.370%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0109%	8h	0.09954	−0.303%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0122%	1h	0.09949	−0.345%	$594K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0185%	1h	0.09944	−0.398%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09942	−0.415%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09946	−0.378%	$2.0M	$25.1M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09941	−0.424%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09946	−0.374%	$310K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09943	−0.404%	$400K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0699%	1h	0.09946	−0.382%	$121.9M	$97.9M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1000	+0.162%	$5K	$239K	12x	as long as short