Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.049%

Price spread now: dYdX against BloFin+0.038%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$900.901% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.276%−$28 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.038%, 7d avg −0.027%

Together, before fees−0.322%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.065% dearer against BloFin than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.027%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DOGE-USDT	0.1000	0.0220	pay 0.0220% / 8h	1h 22m	$16.2M	$27.1M	75x
Short	dYdX DOGE-USD	0.1001	0	get 0.0000% / 1h	22m 18s	$225K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$46.2
Price spread: +0.038% → −0.027%: $6.5
Slippage, 4 orders: −$68.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$129.85
Costs to cover: 0.901%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; dYdX: live order book, 22 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 BloFin live order book, 7 min ago	2.51 bp	8.5 bp −$9	8.5 bp −$85	21.6 bp −$2,160	38.2 bp −$19.1K
Sell dYdX live order book, 22 min ago	31.06 bp	37.1 bp −$37	87.6 bp −$876	105.9 bp −$10.6K	117.5 bp −$58.8K

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
Kraken Futures PF_DOGEUSD	−0.0082%	1h	0.1000	+0.027%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USDshort	0.0000%	1h	0.1001	+0.038%	$225K	$69K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.1001	+0.059%	$612K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1000	+0.007%	$36K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.279%	$6K	$242K	12x	as long as short
Polymarket Perps DOGE-USD	+0.0050%	1h	0.1000	+0.020%	$263K	$1.2M	10x	as long as short
Bitget DOGEUSDT	+0.0057%	8h	0.09993	−0.090%	$141.9M	$344.3M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1002	+0.189%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1001	+0.097%	$847K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	+0.090%	$540K	$1.1M	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	+0.065%	$4.5M	$58.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	+0.072%	$320K	$500K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	+0.064%	$329.5M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1000	−0.020%	$165.3M	$520.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1000	+0.020%	$117.7M	$1.21B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	−0.120%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1000	+0.020%	$250.2M	$156.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	+0.070%	$111.3M	$258.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	+0.080%	$66.7M	$50.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1001	+0.040%	—	$53.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1000	+0.020%	$302K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	+0.117%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1000	−0.016%	$303K	$140.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.061%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.020%	$150K	$338K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1000	+0.020%	$66K	$467K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09967	−0.354%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	+0.075%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1000	+0.020%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1000	−0.020%	$5.9M	$68.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1000	+0.020%	$91.8M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1001	+0.044%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09998	−0.044%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1000	+0.010%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.1001	+0.030%	$836	$536K	10x	as long as short
Hyperliquid DOGE	+0.0135%	1h	0.1002	+0.150%	$124.3M	$116.4M	10x	as long as short
Reya DOGERUSDPERP	+0.0197%	1h	0.1000	+0.023%	$2K	—	20x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0220%	1h	0.1001	+0.034%	$574K	$252K	25x	as long as short
BloFin DOGE-USDTlong	+0.0220%	8h	0.1000	long leg	$16.2M	$27.1M	75x
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1001	+0.050%	$1.9M	$34.9M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.1000	+0.004%	$315K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0272%	1h	0.1002	+0.140%	$445	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1001	+0.090%	$18K	$307K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1002	+0.160%	$403K	$457K	10x	as long as short