Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX−0.071%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.071%, 7d avg +0.007%

Together, before fees+0.076%+$8 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 0.077% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DOGE-USDT	0.09910	0.0100	pay 0.0100% / 8h	5h 06m	—	$76.3M	—
Short	MEXC DOGE_USDT	0.09903	0.0100	get 0.0100% / 8h	5h 06m	$110.9M	$231.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.007%: −$7.74
Slippage, 4 orders: −$3.27
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$21.01
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from BingX: 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 BingX live order book, 2 min ago	1.01 bp	6.3 bp −$6	7.6 bp −$76	11.7 bp −$1,170	27.9 bp −$14.0K
Sell MEXC live order book, 2 min ago	0.50 bp	0.5 bp −$1	2.8 bp −$28	8.0 bp −$800	27.1 bp −$13.5K

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	−0.0073%	8h	0.09896	−0.141%	$149.7M	$274.2M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09915	+0.046%	$223K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09918	+0.079%	$429K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09916	+0.061%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0012%	1h	0.09911	+0.015%	$592K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09918	+0.080%	$768K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09915	+0.050%	$896	$444K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09913	+0.025%	$532K	$997K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09911	+0.007%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09920	+0.105%	$326K	$484K	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	0.09907	−0.028%	$316.9M	$1.44B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09905	−0.050%	$159.5M	$440.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09904	−0.061%	$110.6M	$984.2M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	+0.565%	$382K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09906	−0.040%	$242.3M	$133.9M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09903	−0.071%	$110.9M	$231.8M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09906	−0.040%	$65.6M	$43.4M	75x	as long as short
BingX DOGE-USDTlong	+0.0100%	8h	0.09910	long leg	—	$76.3M	—
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09908	−0.020%	$325K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09931	+0.208%	$982K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09941	+0.316%	$296K	$128.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09944	+0.346%	$633K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	+0.303%	$145K	$281K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09906	−0.042%	$252K	$749K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09915	+0.050%	$70K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09914	+0.038%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09922	+0.117%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09910	0.000%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09906	−0.037%	$5.9M	$56.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09913	+0.030%	$91.2M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0102%	8h	0.09922	+0.121%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09900	−0.097%	$499K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09910	−0.005%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0188%	1h	0.09911	+0.006%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09919	+0.091%	$529	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09908	−0.020%	$15.5M	$25.0M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09962	+0.529%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09914	+0.039%	$310K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09917	+0.071%	$2.3M	$26.4M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0309%	1h	0.09910	+0.002%	$5.7M	$35.3M	50x	as long as short
Hyperliquid DOGE	+0.0506%	1h	0.09920	+0.102%	$120.9M	$99.4M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09918	+0.086%	$401K	$389K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09927	+0.172%	$117K	$189K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09960	+0.505%	$5K	$239K	12x	as long as short