Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: SoDEX against BingX+0.140%7-day average +0.029% · 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−$16as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on BingX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.140%, 7d avg +0.029%

Together, before fees−0.142%−$14 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: SoDEX is 0.111% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DOGE-USDC	0.1002	0.0100	pay 0.0100% / 8h	1h 05m	—	$3.4M	—
Short	SoDEX DOGE-USD	0.1003	0.0100	get 0.0013% / 1h	5m 53s	$2K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.029%: $11.06
Slippage, 4 orders: −$9.19
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.13
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; SoDEX: 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 BingX live order book, 8 min ago	1.00 bp	8.1 bp −$8	14.3 bp −$143	39.0 bp −$3,897	109.8 bp −$54.9K
Sell SoDEX live order book, 3 min ago	0.50 bp	4.5 bp −$4	8.2 bp −$82	144.7 bp −$14.5K	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
Bitget DOGEUSDT	−0.0257%	8h	0.1001	−0.030%	$153.0M	$266.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.222%	$415K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1004	+0.192%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1004	+0.195%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0052%	1h	0.1004	+0.181%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1002	+0.059%	$66K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.067%	$789K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1004	+0.250%	$1K	$372K	10x	as long as short
Gate DOGE_USDT	+0.0097%	8h	0.1002	−0.010%	$241.3M	$125.4M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1004	+0.195%	$571K	$864K	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	0.1003	+0.082%	$4.9M	$44.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1004	+0.244%	$335K	$504K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	+0.068%	$318.9M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	+0.030%	$158.9M	$421.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	+0.060%	$109.2M	$933.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	+0.329%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	+0.112%	$384K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	+0.040%	$111.4M	$218.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	+0.050%	$66.0M	$41.2M	75x	as long as short
BingX DOGE-USDClong	+0.0100%	8h	0.1002	long leg	—	$3.4M	—
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.041%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1003	+0.132%	$277K	$116.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	+0.150%	$639K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1004	+0.230%	$147K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	+0.200%	$268K	$540K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	+0.170%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	+0.167%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1005	+0.319%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.1003	+0.140%	$2K	$3.6M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1004	+0.224%	$6.0M	$50.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	+0.100%	$92.9M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	+0.229%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	+0.004%	$554K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1006	+0.446%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1004	+0.210%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1005	+0.331%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1005	+0.309%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1004	+0.200%	$15.3M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0209%	1h	0.1004	+0.190%	$345K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1003	+0.100%	$6.0M	$32.9M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0406%	1h	0.1003	+0.150%	$536K	$959K	15x	as long as short
Hyperliquid DOGE	+0.0519%	1h	0.1004	+0.200%	$114.6M	$85.0M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1005	+0.329%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1004	+0.230%	$5K	$239K	12x	as long as short