Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.007%

Price spread now: Gate against Bulk−0.315%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$370.365% of the position

Long on Bulk Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.326%+$33 · spread now −0.315%, 7d avg −0.030%

Together, before fees+0.301%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.286% cheaper against Bulk than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.1015	0.0100	pay 0.0013% / 1h	48m 37s	$389K	$12K	10x
Short	Gate DOGE_USDT	0.1011	0.0083	get 0.0083% / 8h	48m 37s	$244.1M	$125.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bulk. 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 BulkbpFee GatebpOrdersPrice spread, now −0.315%Rate

Funding earned: −$3.57
Price spread: −0.315% → −0.030%: −$28.55
Slippage, 4 orders: −$14.54
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.66
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Bulk: live order book, 30 min ago; Gate: live order book, 5 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 Bulk live order book, 30 min ago	4.98 bp	8.5 bp −$8	13.3 bp −$133	20.9 bp −$2,085	31.7 bp −$15.9K
Sell Gate live order book, 5 min ago	0.50 bp	9.6 bp −$10	20.4 bp −$204	33.1 bp −$3,312	53.8 bp −$26.9K

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	−0.0246%	8h	0.1010	−0.404%	$154.2M	$267.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1012	−0.214%	$421K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1011	−0.325%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1012	−0.240%	$33K	—	150x	as long as short
Gate DOGE_USDTshort	+0.0083%	8h	0.1011	−0.315%	$244.1M	$125.5M	75x
Lighter DOGE	+0.0096%	1h	0.1012	−0.202%	$804K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1011	−0.315%	$845	$382K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1012	−0.271%	$603K	$894K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1012	−0.254%	$5.1M	$44.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1012	−0.227%	$337K	$506K	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	0.1012	−0.267%	$323.0M	$1.34B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1011	−0.325%	$159.8M	$427.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1012	−0.296%	$110.8M	$947.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1012	−0.237%	$31K	$80K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.1015	long leg	$389K	$12K	10x
MEXC DOGE_USDT	+0.0100%	8h	0.1012	−0.266%	$114.7M	$218.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1013	−0.138%	$66.7M	$41.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1012	−0.227%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1014	−0.086%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1013	−0.158%	$279K	$117.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1013	−0.177%	$638K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	−0.049%	$149K	$248K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1011	−0.325%	$262K	$554K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1011	−0.315%	$74K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1011	−0.335%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1013	−0.166%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1012	−0.296%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1011	−0.329%	$6.0M	$51.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1012	−0.296%	$93.6M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1011	−0.304%	$18K	$5K	30x	as long as short
Kraken Futures PF_DOGEUSD	+0.0104%	1h	0.1011	−0.304%	$6.0M	$33.0M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1011	−0.333%	$562K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1012	−0.289%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0124%	1h	0.1012	−0.290%	$227K	$44K	10x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1011	−0.300%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1012	−0.227%	$15.3M	$25.4M	75x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.1012	−0.219%	$534	$4K	10x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1013	−0.151%	$67K	$281K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1012	−0.246%	$2.0M	$24.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.1012	−0.210%	$315K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0442%	1h	0.1012	−0.207%	$541K	$961K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1012	−0.228%	$317K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0911%	1h	0.1015	+0.010%	$117.1M	$86.7M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1015	+0.049%	$5K	$239K	12x	as long as short