Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni0.000%51s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.363% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.504%−$50 · spread now 0.000%, 7d avg −0.043%

Together, before fees−0.558%−$56 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 0.043% dearer against ApeX Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.043%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DOGEUSDT	0.09950	0.0100	pay 0.0013% / 1h	18m 28s	$145K	$270K	25x
Short	MEXC DOGE_USDT	0.09950	0.0100	get 0.0100% / 8h	6h 18m	$110.7M	$230.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.043%: $4.27
Slippage, 4 orders: −$26.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$31.99
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 49 min ago; MEXC: live order book, 6 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 ApeX Omni live order book, 49 min ago	4.96 bp	24.2 bp −$24	67.0 bp −$670	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.50 bp	0.5 bp −$1	2.4 bp −$24	12.4 bp −$1,239	42.9 bp −$21.4K

DOGE on 43 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	−0.0106%	8h	0.09935	−0.151%	$150.6M	$273.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09930	−0.199%	$390K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09924	−0.266%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.09952	+0.017%	$223K	$49K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0067%	1h	0.09931	−0.188%	$5.8M	$34.2M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09963	+0.133%	$822K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09936	−0.141%	$830	$428K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09941	−0.085%	$533K	$991K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09951	+0.006%	$4.6M	$48.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09956	+0.060%	$327K	$503K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09943	−0.070%	$315.3M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09942	−0.080%	$157.4M	$440.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09946	−0.040%	$110.1M	$979.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09949	−0.010%	$128K	$178K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09984	+0.339%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09948	−0.020%	$241.4M	$132.6M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09950	0.000%	$110.7M	$230.1M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09953	+0.030%	$65.8M	$43.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09943	−0.070%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09939	−0.111%	$340K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09945	−0.054%	$992K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09948	−0.016%	$282K	$128.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09957	+0.070%	$636K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDTlong	+0.0100%	1h	0.09950	long leg	$145K	$270K	25x
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09937	−0.129%	$256K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09932	−0.181%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09929	−0.216%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09924	−0.263%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09932	−0.181%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09927	−0.235%	$5.9M	$55.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09932	−0.181%	$91.5M	$16.9M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09940	−0.097%	$558K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09930	−0.199%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0109%	8h	0.09954	+0.036%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0185%	1h	0.09944	−0.060%	$2K	—	20x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0203%	1h	0.09934	−0.157%	$594K	$118K	25x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09942	−0.077%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09932	−0.181%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09941	−0.086%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09921	−0.287%	$309K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09943	−0.066%	$400K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0703%	1h	0.09964	+0.145%	$121.8M	$97.8M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1000	+0.503%	$5K	$239K	12x	as long as short