Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against SoDEX+0.050%7-day average −0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$100.101% of the position

Long on SoDEX Short on MEXC

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 3 days (all we have)−0.043%−$4 · spread now +0.050%, 7d avg −0.001%

Together, before fees−0.038%−$4 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 0.051% dearer against SoDEX than usual: you sell high and buy low, +$5 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	0.1001	0.0100	pay 0.0013% / 1h	47m 09s	$2K	$3.7M	10x
Short	MEXC DOGE_USDT	0.1002	0.0100	get 0.0100% / 8h	7h 47m	$112.0M	$222.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.001%: $5.08
Slippage, 4 orders: −$2.1
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$5.01
Costs to cover: 0.101%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	0.50 bp	4.5 bp −$5	8.4 bp −$84	147.6 bp −$14.8K	doesn't fit
Sell MEXC live order book, 2 min ago	0.50 bp	0.5 bp −$1	2.8 bp −$28	12.0 bp −$1,198	39.5 bp −$19.8K

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	−0.0197%	8h	0.1001	−0.020%	$152.5M	$270.8M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1001	−0.009%	$6.0M	$33.9M	50x	as long as short
Phemex DOGEUSDT	−0.0056%	8h	0.1001	+0.030%	$92.5M	$19.0M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1001	+0.011%	$397K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1001	−0.026%	$602K	$120K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	+0.061%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1000	−0.096%	$225K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.131%	$860K	$5.7M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1000	−0.090%	$836	$399K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	−0.055%	$514K	$976K	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	+0.014%	$4.9M	$46.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	−0.017%	$334K	$517K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	+0.079%	$317.4M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	+0.090%	$158.8M	$438.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	+0.100%	$110.3M	$966.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1001	+0.010%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.10000	−0.112%	$383K	$12K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1001	+0.030%	$242.1M	$127.5M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1002	+0.050%	$112.0M	$222.9M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	+0.010%	$65.6M	$42.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1002	+0.070%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	+0.090%	$381K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09982	−0.290%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09983	−0.279%	$262K	$122.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09996	−0.145%	$635K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09990	−0.210%	$147K	$260K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1001	−0.050%	$263K	$557K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	+0.070%	$73K	$446K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	+0.065%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.080%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1001	long leg	$2K	$3.7M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.007%	$6.0M	$52.4M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1000	−0.060%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	−0.050%	$616K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	−0.017%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1001	−0.031%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1001	+0.016%	$529	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	+0.030%	$15.3M	$25.4M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1001	+0.030%	$2.0M	$24.7M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09989	−0.220%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.1001	−0.009%	$309K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1001	0.000%	$317K	$478K	10x	as long as short
Hyperliquid DOGE	+0.0827%	1h	0.1003	+0.190%	$119.3M	$91.6M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1003	+0.190%	$5K	$239K	12x	as long as short