Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against SoDEX−0.081%7-day average −0.036% · 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−$30as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on SoDEX Short on BingX

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 4 days (all we have)+0.058%+$6 · spread now −0.081%, 7d avg −0.036%

Together, before fees+0.061%+$6 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: BingX is 0.044% cheaper against SoDEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.09924	0.0100	pay 0.0013% / 1h	38m 14s	$2K	$4.0M	10x
Short	BingX DOGE-USDC	0.09916	0.0100	get 0.0100% / 8h	4h 38m	—	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.036%: −$4.44
Slippage, 4 orders: −$7.48
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.92
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; BingX: live order book, 12 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, 1 min ago	0.50 bp	4.6 bp −$5	8.1 bp −$81	156.2 bp −$15.6K	doesn't fit
Sell BingX live order book, 12 min ago	1.01 bp	7.9 bp −$8	13.7 bp −$137	36.5 bp −$3,649	107.4 bp −$53.7K

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	−0.0055%	8h	0.09911	−0.131%	$149.9M	$275.4M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.09923	−0.007%	$5.7M	$35.5M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09905	−0.193%	$394K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09926	+0.021%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0029%	1h	0.09906	−0.180%	$222K	$49K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0069%	1h	0.09924	−0.001%	$258K	$855K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09920	−0.037%	$728K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09923	−0.010%	$2K	$450K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09934	+0.106%	$525K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09929	+0.053%	$4.6M	$49.2M	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	0.09911	−0.127%	$322K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09918	−0.061%	$317.2M	$1.45B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09916	−0.081%	$161.1M	$443.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09920	−0.040%	$111.5M	$994.1M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09885	−0.393%	$380K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09917	−0.071%	$244.7M	$133.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09920	−0.040%	$111.1M	$234.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09922	−0.020%	$65.5M	$43.5M	75x	as long as short
BingX DOGE-USDCshort	+0.0100%	8h	0.09916	−0.081%	—	$3.5M	—
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09919	−0.050%	$311K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09927	+0.027%	$1.0M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09907	−0.167%	$295K	$129.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09930	+0.059%	$625K	$4.3M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09930	+0.060%	$144K	$284K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09930	+0.060%	$70K	$436K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09927	+0.032%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09929	+0.053%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.09924	long leg	$2K	$4.0M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09920	−0.040%	$5.9M	$57.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09916	−0.081%	$91.1M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09907	−0.167%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09922	−0.025%	$497K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09932	+0.076%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0113%	1h	0.09932	+0.078%	$594K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0189%	1h	0.09930	+0.058%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.09919	−0.049%	$529	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09897	−0.272%	$15.4M	$25.0M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.09909	−0.148%	$64K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09925	+0.011%	$311K	—	200x	as long as short
Hyperliquid DOGE	+0.0266%	1h	0.09926	+0.016%	$120.7M	$100.4M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.09932	+0.081%	$2.3M	$26.8M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.09926	+0.020%	$117K	$189K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.09921	−0.035%	$401K	$412K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09960	+0.363%	$5K	$239K	12x	as long as short