Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h −0.035%

Price spread now: BingX against Kraken Futures−0.017%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DOGEUSD	0.09957	−0.0078	get 0.0010% / 1h	1m 43s	$5.8M	$34.1M	50x
Short	BingX DOGE-USDT	0.09955	0.0100	get 0.0100% / 8h	7h 01m	—	$76.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $37.33
Price spread: −0.017% → 0.000%: −$1.66
Slippage, 4 orders: −$17.04
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1.37
Costs to cover: 0.370%
Break-even: 7.3 days

Slippage from Kraken Futures: live order book, 2 min ago; BingX: 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 Kraken Futures live order book, 2 min ago	2.99 bp	11.8 bp −$12	15.5 bp −$155	47.8 bp −$4,779	doesn't fit
Sell BingX live order book, 7 min ago	1.49 bp	6.5 bp −$6	6.5 bp −$65	12.8 bp −$1,284	25.1 bp −$12.5K

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	0.09953	−0.037%	$151.1M	$271.9M	75x	as long as short
Kraken Futures PF_DOGEUSDlong	−0.0078%	1h	0.09957	long leg	$5.8M	$34.1M	50x
Kalshi KXDOGEPERP	0.0000%	8h	0.09965	+0.081%	$410K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09968	+0.114%	$600K	$119K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09970	+0.131%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.09980	+0.232%	$224K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09956	−0.003%	$783K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09965	+0.084%	$833	$426K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09969	+0.129%	$512K	$971K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09951	−0.054%	$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	+0.306%	$333K	$512K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09954	−0.030%	$316.9M	$1.41B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09952	−0.047%	$158.6M	$439.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09954	−0.027%	$109.3M	$963.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09974	+0.174%	$76K	$124K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1009	+1.372%	$387K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09949	−0.077%	$242.1M	$132.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09947	−0.097%	$109.5M	$227.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09945	−0.117%	$65.3M	$42.6M	75x	as long as short
BingX DOGE-USDTshort	+0.0100%	8h	0.09955	−0.017%	—	$76.3M	—
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09955	−0.017%	$359K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1006	+1.054%	$994K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1009	+1.304%	$270K	$125.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+1.088%	$639K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1007	+1.138%	$148K	$269K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09962	+0.055%	$260K	$634K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09968	+0.114%	$73K	$429K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09967	+0.104%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09977	+0.208%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09959	+0.024%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09958	+0.016%	$6.0M	$53.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09962	+0.054%	$91.9M	$17.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.09967	+0.104%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09943	−0.135%	$526K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09968	+0.112%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09972	+0.152%	$527	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0183%	1h	0.09967	+0.107%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09987	+0.305%	$15.4M	$25.5M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09958	+0.014%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1008	+1.197%	$65K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0271%	1h	0.09968	+0.116%	$313K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.09973	+0.163%	$322K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0743%	1h	0.09971	+0.140%	$120.6M	$96.7M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1011	+1.540%	$5K	$239K	12x	as long as short