Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bulk against SoDEX−0.289%7-day average +0.008% · 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−$56as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on SoDEX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.317%+$32 · spread now −0.289%, 7d avg +0.008%

Together, before fees+0.323%+$32 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: Bulk is 0.298% cheaper against SoDEX than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.1002	0.0100	pay 0.0013% / 1h	24m 43s	$2K	$5.4M	10x
Short	Bulk DOGE-USD	0.09990	0.0100	get 0.0013% / 1h	24m 43s	$384K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.289%Rate

Funding earned: $0
Price spread: −0.289% → +0.008%: −$29.79
Slippage, 4 orders: −$11.23
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$56.02
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Bulk: live order book, 19 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, 4 min ago	0.50 bp	4.5 bp −$5	8.0 bp −$80	139.7 bp −$14.0K	doesn't fit
Sell Bulk live order book, 19 min ago	5.02 bp	8.5 bp −$9	8.5 bp −$85	13.4 bp −$1,344	24.1 bp −$12.0K

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
Kraken Futures PF_DOGEUSD	−0.0082%	1h	0.1002	+0.010%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1002	−0.003%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	+0.026%	$613K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	−0.033%	$36K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.100%	$6K	$242K	12x	as long as short
Polymarket Perps DOGE-USD	+0.0046%	1h	0.1002	+0.010%	$263K	$1.2M	10x	as long as short
Bitget DOGEUSDT	+0.0060%	8h	0.1000	−0.150%	$142.1M	$344.3M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09997	−0.223%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	−0.029%	$847K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1002	−0.005%	$541K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1001	−0.079%	$4.5M	$58.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	−0.036%	$320K	$500K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.090%	$329.6M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1001	−0.120%	$165.5M	$520.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.080%	$117.6M	$1.21B	50x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.09990	−0.289%	$384K	$16K	10x
Gate DOGE_USDT	+0.0100%	8h	0.1001	−0.110%	$250.3M	$156.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	−0.080%	$111.4M	$258.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	−0.100%	$66.6M	$50.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1001	−0.110%	—	$80.7M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	−0.070%	$302K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.052%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1000	−0.186%	$303K	$140.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	−0.109%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.190%	$150K	$338K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	0.000%	$66K	$467K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09967	−0.523%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.045%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1002	long leg	$2K	$5.4M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1002	−0.004%	$5.9M	$68.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	−0.030%	$91.9M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1001	−0.051%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	−0.139%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	+0.006%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.1002	−0.020%	$837	$536K	10x	as long as short
Hyperliquid DOGE	+0.0133%	1h	0.1002	0.000%	$124.4M	$116.4M	10x	as long as short
Reya DOGERUSDPERP	+0.0197%	1h	0.1002	+0.008%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	−0.030%	$16.3M	$27.1M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1003	+0.080%	$1.9M	$35.0M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.1001	−0.120%	$315K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1003	+0.111%	$446	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0289%	1h	0.1002	+0.030%	$575K	$252K	25x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1002	+0.020%	$19K	$306K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1003	+0.067%	$404K	$458K	10x	as long as short