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: Binance against SoDEX−0.060%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.060%, 7d avg −0.001%

Together, before fees+0.070%+$7 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: Binance is 0.059% cheaper against SoDEX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.1017	0.0100	pay 0.0013% / 1h	43m 44s	$2K	$3.6M	10x
Short	Binance DOGEUSDT	0.1016	0.0100	get 0.0100% / 8h	43m 44s	$324.8M	$1.35B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.001%: −$5.89
Slippage, 4 orders: −$3.11
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.01
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; Binance: live order book, 15 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 SoDEX live order book, 5 min ago	0.49 bp	4.5 bp −$5	8.7 bp −$87	147.7 bp −$14.8K	doesn't fit
Sell Binance live order book, 15 min ago	0.50 bp	5.5 bp −$5	6.4 bp −$64	19.1 bp −$1,914	45.1 bp −$22.6K

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	0.1013	−0.344%	$154.5M	$268.3M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1017	+0.006%	$423K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1017	+0.002%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0035%	1h	0.1017	+0.044%	$612K	$109K	25x	as long as short
Gate DOGE_USDT	+0.0077%	8h	0.1016	−0.049%	$245.7M	$126.1M	75x	as long as short
dYdX DOGE-USD	+0.0093%	1h	0.1016	−0.082%	$228K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1017	−0.010%	$783K	$5.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1017	−0.010%	$1K	$389K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1017	+0.054%	$607K	$898K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1017	+0.015%	$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	−0.023%	$339K	$506K	20x	as long as short
Binance DOGEUSDTshort	+0.0100%	8h	0.1016	−0.060%	$324.8M	$1.35B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.1016	−0.118%	$160.4M	$429.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1016	−0.108%	$110.6M	$956.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1014	−0.216%	$31K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1015	−0.216%	$389K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1016	−0.059%	$114.9M	$219.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1016	−0.079%	$66.8M	$41.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1016	−0.079%	—	$75.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1018	+0.169%	$1.1M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1013	−0.393%	$278K	$117.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1012	−0.414%	$641K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1012	−0.462%	$148K	$249K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1017	+0.010%	$263K	$555K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1017	+0.020%	$74K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1017	+0.014%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1017	+0.068%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1017	long leg	$2K	$3.6M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1017	+0.018%	$6.1M	$51.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1017	−0.010%	$94.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1015	−0.120%	$18K	$5K	30x	as long as short
Kraken Futures PF_DOGEUSD	+0.0103%	1h	0.1016	−0.022%	$6.0M	$33.2M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1015	−0.131%	$561K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1017	+0.012%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1017	+0.050%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1018	+0.128%	$15.4M	$25.6M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1015	−0.162%	$67K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1017	+0.069%	$2.1M	$24.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0253% / S −0.0291%	1h	0.1017	+0.009%	$334K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1018	+0.082%	$537	$4K	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0464%	1h	0.1018	+0.118%	$544K	$963K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1017	+0.059%	$319K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0966%	1h	0.1018	+0.089%	$118.9M	$87.9M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1021	+0.423%	$5K	$239K	12x	as long as short