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: SoDEX against Binance+0.020%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−$20as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.020%, 7d avg +0.001%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DOGEUSDT	0.09963	0.0100	pay 0.0100% / 8h	2h 50m	$324.3M	$1.66B	75x
Short	SoDEX DOGE-USD	0.09965	0.0100	get 0.0013% / 1h	50m 01s	$2K	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.001%: $1.86
Slippage, 4 orders: −$4.31
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.45
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; SoDEX: live order book, 4 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 Binance live order book, 9 min ago	0.50 bp	7.8 bp −$8	11.4 bp −$114	23.3 bp −$2,332	50.7 bp −$25.3K
Sell SoDEX live order book, 4 min ago	0.50 bp	4.5 bp −$5	8.4 bp −$84	153.8 bp −$15.4K	doesn't fit

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
dYdX DOGE-USD	0.0000%	1h	0.09992	+0.295%	$224K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09993	+0.302%	$646K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09980	+0.173%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09965	+0.020%	$5.5M	$39.6M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0009%	1h	0.09976	+0.133%	$265K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09972	+0.089%	$736K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09983	+0.201%	$541K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09970	+0.067%	$124.4M	$114.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09963	+0.002%	$4.4M	$56.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09999	+0.363%	$320K	$524K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDTlong	+0.0100%	8h	0.09963	long leg	$324.3M	$1.66B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09963	0.000%	$162.5M	$512.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09967	+0.040%	$114.3M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1000	+0.375%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09959	−0.040%	$245.7M	$149.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09966	+0.030%	$114.4M	$250.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09964	+0.010%	$66.2M	$49.2M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09957	−0.060%	$131.6M	$325.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09964	+0.010%	—	$80.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09959	−0.040%	$309K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1000	+0.399%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09997	+0.341%	$312K	$137.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09999	+0.361%	$632K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.371%	$150K	$336K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09979	+0.161%	$64K	$464K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09977	+0.139%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09984	+0.211%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.09965	+0.020%	$2K	$5.2M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09964	+0.012%	$5.9M	$67.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09969	+0.060%	$91.7M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09993	+0.299%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09973	+0.103%	$483K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09978	+0.151%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0111%	1h	0.09981	+0.176%	$567K	$248K	25x	as long as short
Katana Perps DOGE-USD	+0.0114%	8h	0.09994	+0.311%	$1K	$516K	10x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.09999	+0.357%	$445	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0193%	1h	0.09980	+0.173%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	+0.422%	$16.0M	$26.9M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.1001	+0.422%	$108K	$207K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1001	+0.438%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0252% / S −0.0289%	1h	0.09981	+0.180%	$323K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09968	+0.050%	$2.0M	$33.8M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.10000	+0.366%	$403K	$439K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.691%	$6K	$242K	12x	as long as short