Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against SoDEX−0.030%56s7-day average −0.011% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.240% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.030%, 7d avg −0.011%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.1003	0.0100	pay 0.0013% / 1h	1m 21s	$2K	$5.3M	10x
Short	Bybit DOGEUSDT	0.1002	0.0100	get 0.0100% / 8h	2h 01m	$165.9M	$520.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.011%: −$1.92
Slippage, 4 orders: −$4.98
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.9
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.50 bp	4.7 bp −$5	8.4 bp −$84	145.8 bp −$14.6K	doesn't fit
Sell Bybit live order book, 3 min ago	0.50 bp	6.3 bp −$6	8.8 bp −$88	19.5 bp −$1,946	39.1 bp −$19.6K

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
Kalshi KXDOGEPERP	0.0000%	8h	0.1001	−0.123%	$598K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	−0.082%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.1003	+0.021%	$5.7M	$40.3M	50x	as long as short
dYdX DOGE-USD	+0.0023%	1h	0.1001	−0.134%	$225K	$69K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0042%	1h	0.1001	−0.150%	$269K	$1.2M	10x	as long as short
Bitget DOGEUSDT	+0.0092%	8h	0.1002	−0.080%	$143.1M	$343.5M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1003	+0.011%	$856K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1002	−0.110%	$541K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1002	−0.063%	$4.6M	$58.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	−0.061%	$321K	$514K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1002	−0.045%	$329.9M	$1.70B	75x	as long as short
Bybit DOGEUSDTshort	+0.0100%	8h	0.1002	−0.030%	$165.9M	$520.0M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1003	0.000%	$118.1M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1001	−0.159%	$385K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	−0.110%	$249.4M	$155.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	−0.060%	$112.3M	$257.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	−0.110%	$66.5M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	−0.100%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1003	+0.040%	$315K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.082%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1001	−0.210%	$315K	$140.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	−0.205%	$630K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	−0.070%	$150K	$346K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	−0.010%	$64K	$478K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	−0.017%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	−0.113%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1003	long leg	$2K	$5.3M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1003	+0.001%	$5.9M	$68.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	+0.010%	$92.1M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1001	−0.138%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	−0.175%	$487K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1003	−0.001%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0110%	8h	0.1002	−0.100%	$1K	$527K	10x	as long as short
Hyperliquid DOGE	+0.0117%	1h	0.1003	+0.020%	$124.2M	$116.3M	10x	as long as short
Reya DOGERUSDPERP	+0.0196%	1h	0.1002	−0.103%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.1002	−0.050%	$446	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	−0.110%	$16.1M	$27.1M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.1002	−0.100%	$27K	$300K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1001	−0.131%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0294%	1h	0.1002	−0.082%	$316K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1003	−0.010%	$2.0M	$34.5M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0329%	1h	0.1003	+0.024%	$575K	$252K	25x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.1002	−0.053%	$405K	$453K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.016%	$6K	$242K	12x	as long as short