Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Polymarket Perps−0.239%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.334%+$33 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.239% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DOGE-USD	0.1003	0.0100	pay 0.0013% / 1h	56m 13s	$267K	$709K	10x
Short	BingX DOGE-USDT	0.1001	0.0100	get 0.0100% / 8h	5h 56m	—	$76.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now −0.239%Rate

Funding earned: $0
Price spread: −0.239% → 0.000%: −$23.93
Slippage, 4 orders: −$9.41
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$51.34
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 7 min ago; BingX: live order book, 13 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 Polymarket Perps live order book, 7 min ago	2.70 bp	6.7 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	1.51 bp	7.5 bp −$7	9.3 bp −$93	15.7 bp −$1,574	32.1 bp −$16.1K

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
Bitget DOGEUSDT	−0.0091%	8h	0.09997	−0.319%	$151.3M	$273.3M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1002	−0.088%	$225K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	−0.078%	$395K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1001	−0.157%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0089%	1h	0.1002	−0.069%	$599K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	−0.112%	$814K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.1003	+0.040%	$838	$430K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	−0.025%	$535K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1003	−0.030%	$4.6M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	−0.058%	$329K	$482K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.202%	$319.2M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1001	−0.219%	$160.2M	$437.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.229%	$111.5M	$984.3M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	−0.132%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1000	−0.249%	$242.8M	$130.9M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	−0.179%	$114.3M	$228.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	−0.229%	$66.2M	$43.1M	75x	as long as short
BingX DOGE-USDTshort	+0.0100%	8h	0.1001	−0.239%	—	$76.4M	—
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	−0.219%	$335K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.041%	$998K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09978	−0.509%	$295K	$129.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09965	−0.637%	$626K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09960	−0.688%	$146K	$273K	25x	as long as short
Polymarket Perps DOGE-USDlong	+0.0100%	1h	0.1003	long leg	$267K	$709K	10x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.060%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	−0.047%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	+0.105%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	−0.090%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	−0.215%	$6.0M	$55.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	−0.209%	$92.2M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	−0.130%	$561K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	−0.073%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0106%	8h	0.1003	+0.019%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0185%	1h	0.1003	−0.023%	$2K	—	20x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09951	−0.779%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.1002	−0.063%	$312K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1004	+0.156%	$535	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.1003	+0.010%	$2.3M	$25.9M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0305%	1h	0.1002	−0.114%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0471%	1h	0.1002	−0.120%	$121.9M	$99.7M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.1004	+0.145%	$404K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.1005	+0.219%	$129K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09970	−0.588%	$5K	$239K	12x	as long as short