Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Polymarket Perps+0.030%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.030%, 7d avg +0.006%

Together, before fees+0.201%+$20 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: MEXC is 0.023% dearer against Polymarket Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DOGE-USD	0.1017	0.0100	pay 0.0013% / 1h	43m 51s	$263K	$555K	10x
Short	MEXC DOGE_USDT	0.1017	0.0100	get 0.0100% / 8h	43m 51s	$114.4M	$219.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.006%: $2.35
Slippage, 4 orders: −$9.85
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$15.5
Costs to cover: 0.178%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 34 min ago; MEXC: live order book, 5 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, 34 min ago	3.49 bp	9.4 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.49 bp	0.5 bp $0	1.6 bp −$16	9.0 bp −$900	35.5 bp −$17.8K

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	−0.0242%	8h	0.1016	−0.079%	$155.0M	$268.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1017	−0.004%	$423K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1017	−0.008%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0035%	1h	0.1017	+0.034%	$612K	$109K	25x	as long as short
Gate DOGE_USDT	+0.0077%	8h	0.1016	−0.059%	$245.7M	$126.1M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1017	+0.028%	$784K	$5.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1017	−0.020%	$1K	$389K	10x	as long as short
dYdX DOGE-USD	+0.0099%	1h	0.1016	−0.091%	$228K	$44K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1017	+0.044%	$607K	$898K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1017	+0.018%	$5.1M	$45.1M	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	0.1016	−0.040%	$339K	$506K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1016	−0.037%	$324.9M	$1.35B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1016	−0.059%	$160.5M	$429.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1016	−0.059%	$110.6M	$957.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1017	+0.039%	$32K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1015	−0.226%	$389K	$12K	10x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1017	+0.030%	$114.4M	$219.8M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1017	−0.010%	$66.9M	$41.7M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1016	−0.049%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1018	+0.160%	$1.1M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1013	−0.403%	$278K	$117.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1012	−0.424%	$641K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1012	−0.472%	$148K	$249K	25x	as long as short
Polymarket Perps DOGE-USDlong	+0.0100%	1h	0.1017	long leg	$263K	$555K	10x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1017	+0.010%	$74K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1017	+0.004%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1017	+0.058%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1017	−0.010%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1017	+0.008%	$6.1M	$51.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1017	−0.020%	$94.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1016	−0.091%	$18K	$5K	30x	as long as short
Kraken Futures PF_DOGEUSD	+0.0103%	1h	0.1016	−0.031%	$6.0M	$33.2M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1016	−0.032%	$561K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1017	+0.002%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1017	+0.040%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1018	+0.118%	$15.4M	$25.6M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1015	−0.172%	$67K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1017	+0.059%	$2.1M	$24.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0253% / S −0.0291%	1h	0.1017	−0.001%	$334K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1018	+0.072%	$537	$4K	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0464%	1h	0.1018	+0.108%	$544K	$963K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1017	+0.049%	$319K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0963%	1h	0.1019	+0.197%	$119.0M	$87.9M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1021	+0.413%	$5K	$239K	12x	as long as short