Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against HTX+0.250%7-day average −0.021% · 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−$320.320% of the position

Long on HTX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.250%, 7d avg −0.021%

Together, before fees−0.256%−$26 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 0.271% dearer against HTX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DOGE-USDT	0.09921	0.0100	pay 0.0100% / 8h	2h 34m	$5.9M	$67.6M	75x
Short	Bulk DOGE-USD	0.09945	0.0100	get 0.0013% / 1h	34m 59s	$382K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against HTX. 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 HTXbpFee BulkbpOrdersPrice spread, now +0.250%Rate

Funding earned: $0
Price spread: +0.250% → −0.021%: $27.06
Slippage, 4 orders: −$12.99
Fee HTX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$4.93
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Bulk: live order book, 14 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 HTX live order book, 4 min ago	0.56 bp	7.5 bp −$7	13.2 bp −$132	40.7 bp −$4,068	doesn't fit
Sell Bulk live order book, 14 min ago	5.01 bp	8.5 bp −$9	8.5 bp −$85	11.6 bp −$1,163	22.2 bp −$11.1K

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
Kalshi KXDOGEPERP	0.0000%	8h	0.09923	+0.021%	$639K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09921	+0.002%	$34K	—	150x	as long as short
dYdX DOGE-USD	+0.0002%	1h	0.09919	−0.020%	$223K	$70K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09922	+0.015%	$5.6M	$39.9M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0034%	1h	0.09917	−0.040%	$267K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09929	+0.087%	$751K	$6.6M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09923	+0.025%	$537K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09905	−0.161%	$4.4M	$56.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09924	+0.039%	$318K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09903	−0.176%	$323.1M	$1.67B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09894	−0.267%	$162.6M	$516.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09897	−0.237%	$114.9M	$1.16B	50x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.09945	+0.250%	$382K	$16K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09898	−0.227%	$246.8M	$151.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09900	−0.207%	$110.7M	$251.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09905	−0.156%	$65.8M	$49.4M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09896	−0.247%	$133.5M	$331.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09904	−0.166%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09917	−0.035%	$299K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09898	−0.227%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09909	−0.114%	$304K	$138.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09908	−0.126%	$629K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	−0.106%	$147K	$339K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09924	+0.035%	$63K	$469K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09922	+0.015%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09928	+0.073%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09924	+0.035%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDTlong	+0.0100%	8h	0.09921	long leg	$5.9M	$67.6M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09924	+0.035%	$91.3M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09922	+0.014%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09901	−0.198%	$483K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09924	+0.040%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0113%	8h	0.09910	−0.106%	$2K	$524K	10x	as long as short
Hyperliquid DOGE	+0.0123%	1h	0.09920	−0.007%	$123.6M	$114.6M	10x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.09924	+0.036%	$441	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0194%	1h	0.09922	+0.019%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09925	+0.045%	$16.0M	$26.8M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.09930	+0.096%	$107K	$207K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09920	−0.010%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0285%	1h	0.09921	0.000%	$318K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09921	+0.005%	$2.0M	$33.8M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0345%	1h	0.09928	+0.079%	$564K	$247K	25x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.09925	+0.045%	$400K	$442K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+6.144%	$6K	$242K	12x	as long as short