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: Bulk against Bybit+0.299%7-day average +0.032% · 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−$5as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Bybit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.295%−$29 · spread now +0.299%, 7d avg +0.032%

Together, before fees−0.291%−$29 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: Bulk is 0.268% dearer against Bybit than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.09960	0.0100	pay 0.0100% / 8h	6h 43m	$158.0M	$442.1M	75x
Short	Bulk DOGE-USD	0.09990	0.0100	get 0.0013% / 1h	43m 55s	$383K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Bybit. 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 BybitbpFee BulkbpOrdersPrice spread, now +0.299%Rate

Funding earned: $0
Price spread: +0.299% → +0.032%: $26.76
Slippage, 4 orders: −$13.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$4.9
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bulk: live order book, 25 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 Bybit live order book, 5 min ago	0.50 bp	7.8 bp −$8	10.6 bp −$106	22.1 bp −$2,208	41.6 bp −$20.8K
Sell Bulk live order book, 25 min ago	4.95 bp	8.4 bp −$8	8.4 bp −$84	13.6 bp −$1,361	23.3 bp −$11.7K

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	−0.0137%	8h	0.09953	−0.070%	$151.0M	$273.0M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09939	−0.211%	$409K	$4.9M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09943	−0.175%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0037%	1h	0.09940	−0.201%	$223K	$59K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0067%	1h	0.09944	−0.159%	$5.8M	$34.0M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09956	−0.044%	$764K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0098%	8h	0.09950	−0.100%	$832	$429K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09953	−0.075%	$4.7M	$47.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09949	−0.110%	$329K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09963	+0.031%	$316.5M	$1.42B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDTlong	+0.0100%	8h	0.09960	long leg	$158.0M	$442.1M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09962	+0.020%	$109.5M	$973.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09960	0.000%	$128K	$181K	10x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.09990	+0.299%	$383K	$5K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09956	−0.040%	$241.3M	$130.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09956	−0.040%	$111.0M	$225.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09961	+0.010%	$65.3M	$42.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09961	+0.010%	—	$76.6M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09952	−0.080%	$352K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09951	−0.091%	$969K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09983	+0.232%	$268K	$127.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09976	+0.161%	$637K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	+0.201%	$146K	$275K	25x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09931	−0.286%	$487K	$976K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09943	−0.170%	$256K	$641K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09949	−0.110%	$70K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09950	−0.096%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09959	−0.007%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09950	−0.100%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09946	−0.144%	$6.0M	$54.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09949	−0.110%	$91.8M	$17.9M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09956	−0.040%	$526K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09951	−0.091%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0116%	8h	0.09940	−0.201%	$18K	$7K	30x	as long as short
Reya DOGERUSDPERP	+0.0183%	1h	0.09934	−0.262%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09952	−0.082%	$530	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09978	+0.181%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09938	−0.221%	$2.0M	$24.9M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09962	+0.020%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0268%	1h	0.09938	−0.217%	$310K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0253%	1h	0.09955	−0.050%	$595K	$119K	25x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09954	−0.062%	$320K	$406K	10x	as long as short
Hyperliquid DOGE	+0.0702%	1h	0.09972	+0.126%	$121.2M	$97.0M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09970	+0.100%	$5K	$239K	12x	as long as short