Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: SunX against Extended+0.158%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.158%, 7d avg +0.078%

Together, before fees−0.082%+ Points / potential airdropExtended: Active · farm board−$8 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: SunX is 0.080% dearer against Extended than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DOGE-USD	0.1001	0.0104	pay 0.0013% / 1h	9m 27s	$488K	$4.1M	50x
Short	SunX DOGE-USDT	0.1002	0.0100	get 0.0100% / 8h	1h 09m	$35K	$2.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$0.84
Price spread: +0.158% → +0.078%: $8
Slippage, 4 orders: −$44.36
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$50.2
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; SunX: 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 Extended live order book, 4 min ago	2.00 bp	5.9 bp −$6	6.4 bp −$64	13.0 bp −$1,298	doesn't fit
Sell SunX live order book, 7 min ago	16.67 bp	24.4 bp −$24	31.6 bp −$316	doesn't fit	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
Kraken Futures PF_DOGEUSD	−0.0082%	1h	0.1002	+0.176%	$5.7M	$40.5M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1001	+0.080%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	+0.116%	$613K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1001	+0.089%	$36K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.241%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0044%	8h	0.1002	+0.134%	$142.2M	$344.2M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0053%	1h	0.1002	+0.154%	$264K	$1.2M	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1001	+0.004%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.167%	$849K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	+0.199%	$540K	$1.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1003	+0.246%	$4.6M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	+0.083%	$319K	$501K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1003	+0.254%	$331.1M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	+0.184%	$165.3M	$521.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1003	+0.244%	$117.3M	$1.21B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1001	+0.011%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1003	+0.214%	$250.9M	$157.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1003	+0.234%	$112.1M	$258.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	+0.214%	$66.9M	$49.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1003	+0.234%	—	$53.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	+0.134%	$303K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1000	−0.049%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09993	−0.128%	$303K	$140.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.017%	$631K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1001	+0.044%	$148K	$340K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	+0.224%	$71K	$470K	50x	as long as short
SunX DOGE-USDTshort	+0.0100%	8h	0.1002	+0.158%	$35K	$2.3M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.1002	+0.164%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1002	+0.144%	$5.9M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	+0.164%	$91.9M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1001	+0.043%	$18K	$5K	30x	as long as short
Extended DOGE-USDlong	+0.0104%	1h	0.1001	long leg	$488K	$4.1M	50x
Aevo DOGE-PERP	+0.0104%	1h	0.1003	+0.244%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.1001	+0.054%	$1K	$536K	10x	as long as short
Hyperliquid DOGE	+0.0133%	1h	0.1003	+0.284%	$124.8M	$116.7M	10x	as long as short
Reya DOGERUSDPERP	+0.0198%	1h	0.1000	−0.019%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	+0.044%	$16.3M	$27.1M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1003	+0.204%	$1.9M	$34.8M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.1001	+0.081%	$315K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1002	+0.129%	$446	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0369%	1h	0.1003	+0.204%	$575K	$252K	25x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1001	+0.054%	$17K	$308K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1002	+0.133%	$403K	$458K	10x	as long as short