Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bulk+0.436%7-day average +0.038% · 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−$24as in the Price arb table

costs, in and out, $10k−$630.635% of the position

Long on Bulk Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.433%−$43 · spread now +0.436%, 7d avg +0.038%

Together, before fees−0.426%−$43 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: SunX is 0.398% dearer against Bulk than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.1005	0.0100	pay 0.0013% / 1h	29m 45s	$385K	$9K	10x
Short	SunX DOGE-USDT	0.1010	0.0100	get 0.0100% / 8h	7h 29m	$36K	$2.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.436%Rate

Funding earned: $0
Price spread: +0.436% → +0.038%: $39.85
Slippage, 4 orders: −$48.47
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.62
Costs to cover: 0.635%
Break-even: never at this rate

Slippage from Bulk: live order book, 44 min ago; SunX: live order book, 6 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, 44 min ago	5.04 bp	8.5 bp −$9	8.5 bp −$85	9.2 bp −$923	19.1 bp −$9,556
Sell SunX live order book, 6 min ago	13.22 bp	29.1 bp −$29	39.6 bp −$396	doesn't fit	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
Phemex DOGEUSDT	−0.0341%	8h	0.1009	+0.412%	$93.2M	$17.8M	50x	as long as short
Bitget DOGEUSDT	−0.0185%	8h	0.1009	+0.382%	$153.6M	$270.7M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1010	+0.466%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1011	+0.569%	$409K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1009	+0.411%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0008%	1h	0.1010	+0.450%	$607K	$121K	25x	as long as short
dYdX DOGE-USD	+0.0019%	1h	0.1010	+0.447%	$227K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1011	+0.547%	$790K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1009	+0.382%	$843	$410K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1009	+0.362%	$517K	$973K	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	0.1011	+0.572%	$5.0M	$46.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1010	+0.464%	$336K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1011	+0.545%	$321.3M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1010	+0.492%	$160.3M	$437.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1010	+0.482%	$110.9M	$973.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1010	+0.512%	$28K	$82K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.1005	long leg	$385K	$9K	10x
Gate DOGE_USDT	+0.0100%	8h	0.1010	+0.522%	$245.6M	$129.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1011	+0.571%	$114.1M	$224.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1011	+0.571%	$66.3M	$42.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1010	+0.522%	—	$76.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1011	+0.581%	$366K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.491%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	+0.234%	$265K	$123.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1007	+0.153%	$643K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1006	+0.084%	$148K	$267K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1009	+0.382%	$273K	$589K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1009	+0.432%	$73K	$424K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1009	+0.425%	$25K	$1K	10x	as long as short
SunX DOGE-USDTshort	+0.0100%	8h	0.1010	+0.436%	$36K	$2.2M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.1010	+0.442%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1009	+0.372%	$6.0M	$52.6M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1010	+0.441%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1011	+0.545%	$532K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1009	+0.422%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1009	+0.391%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1010	+0.489%	$533	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1011	+0.551%	$15.4M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1010	+0.492%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1008	+0.253%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0263%	1h	0.1009	+0.410%	$311K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1010	+0.472%	$320K	$477K	10x	as long as short
Hyperliquid DOGE	+0.0848%	1h	0.1011	+0.591%	$123.1M	$94.5M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1014	+0.880%	$5K	$239K	12x	as long as short