Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.039%

Price spread now: BloFin against dYdX+0.073%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1191.186% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.274%+$27 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.073%, 7d avg +0.025%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.048% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.09980	0.0010	pay 0.0001% / 1h	2m 09s	$224K	$44K	10x
Short	BloFin DOGE-USDT	0.09987	0.0220	get 0.0220% / 8h	7h 02m	$15.4M	$25.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now +0.073%Rate

Funding earned: $44.14
Price spread: +0.073% → +0.025%: $4.78
Slippage, 4 orders: −$96.62
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$69.7
Costs to cover: 1.186%
Break-even: 18.1 days

Slippage from dYdX: live order book, 7 min ago; BloFin: live order book, 7 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 dYdX live order book, 7 min ago	45.97 bp	51.0 bp −$51	54.3 bp −$543	63.0 bp −$6,305	71.6 bp −$35.8K
Sell BloFin live order book, 7 min ago	1.98 bp	8.7 bp −$9	10.0 bp −$100	18.8 bp −$1,882	32.7 bp −$16.3K

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	−0.0160%	8h	0.09948	−0.318%	$151.0M	$271.9M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0078%	1h	0.09957	−0.231%	$5.8M	$34.1M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09965	−0.150%	$410K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09968	−0.117%	$600K	$119K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09970	−0.100%	$23K	—	150x	as long as short
dYdX DOGE-USDlong	+0.0010%	1h	0.09980	long leg	$224K	$44K	10x
Lighter DOGE	+0.0096%	1h	0.09971	−0.083%	$784K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09965	−0.147%	$833	$426K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09969	−0.102%	$512K	$971K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09960	−0.193%	$5.2M	$47.0M	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	0.09987	+0.074%	$333K	$512K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09964	−0.157%	$316.8M	$1.41B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09957	−0.227%	$158.8M	$439.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09958	−0.217%	$109.5M	$963.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09974	−0.057%	$76K	$124K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1009	+1.138%	$387K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09954	−0.258%	$242.2M	$132.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09957	−0.227%	$109.7M	$227.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09959	−0.207%	$65.4M	$42.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09957	−0.227%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09955	−0.248%	$359K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1006	+0.821%	$994K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1009	+1.070%	$270K	$125.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+0.855%	$639K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1007	+0.905%	$148K	$269K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09962	−0.176%	$260K	$634K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09968	−0.117%	$73K	$429K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09967	−0.128%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09977	−0.023%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09959	−0.207%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09958	−0.215%	$6.0M	$53.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09962	−0.177%	$91.9M	$17.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.09967	−0.128%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09962	−0.180%	$528K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09968	−0.119%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09972	−0.079%	$527	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0183%	1h	0.09967	−0.125%	$2K	—	20x	as long as short
BloFin DOGE-USDTshort	+0.0220%	8h	0.09987	+0.073%	$15.4M	$25.5M	75x
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09958	−0.217%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1008	+0.963%	$65K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0271%	1h	0.09968	−0.115%	$313K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.09973	−0.068%	$322K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0744%	1h	0.09967	−0.122%	$120.6M	$96.7M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1011	+1.306%	$5K	$239K	12x	as long as short