Funding arb · Price arb /

DOGE

all DOGE markets

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 Bybit+0.030%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.155% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.030%, 7d avg +0.012%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.1000	0.0100	pay 0.0100% / 8h	2h 48m	$163.0M	$512.3M	75x
Short	MEXC DOGE_USDT	0.1001	0.0100	get 0.0100% / 8h	2h 48m	$114.4M	$250.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.012%: $1.79
Slippage, 4 orders: −$4.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$13.73
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; MEXC: 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 Bybit live order book, 6 min ago	0.50 bp	8.3 bp −$8	10.7 bp −$107	21.9 bp −$2,189	46.1 bp −$23.1K
Sell MEXC live order book, 6 min ago	0.50 bp	0.5 bp −$1	1.4 bp −$14	13.0 bp −$1,301	50.0 bp −$25.0K

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
dYdX DOGE-USD	0.0000%	1h	0.09991	−0.113%	$224K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09967	−0.347%	$644K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09976	−0.263%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09968	−0.343%	$5.5M	$39.6M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0007%	1h	0.09975	−0.266%	$263K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.10000	−0.022%	$738K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09973	−0.290%	$540K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1000	−0.011%	$4.5M	$56.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09993	−0.094%	$320K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1000	+0.007%	$325.5M	$1.66B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDTlong	+0.0100%	8h	0.1000	long leg	$163.0M	$512.3M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	+0.030%	$114.6M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1000	−0.016%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09999	−0.030%	$246.6M	$149.5M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1001	+0.030%	$114.4M	$250.3M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	+0.030%	$66.5M	$49.2M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.1000	0.000%	$132.1M	$325.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1001	+0.030%	—	$80.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09972	−0.300%	$309K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1000	+0.007%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09997	−0.050%	$312K	$137.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.053%	$633K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.020%	$148K	$337K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09973	−0.290%	$64K	$464K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09970	−0.321%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09983	−0.189%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09968	−0.340%	$2K	$5.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09968	−0.344%	$5.9M	$67.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09976	−0.260%	$91.8M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09993	−0.090%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1000	−0.012%	$480K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09974	−0.282%	$19K	—	3x	as long as short
Hyperliquid DOGE	+0.0105%	1h	0.09991	−0.108%	$124.6M	$114.1M	10x	as long as short
Katana Perps DOGE-USD	+0.0114%	8h	0.09995	−0.070%	$1K	$517K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0151%	1h	0.09978	−0.241%	$567K	$248K	25x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.1000	+0.024%	$445	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0194%	1h	0.09976	−0.257%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09969	−0.330%	$16.0M	$26.8M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.1001	+0.100%	$108K	$207K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09981	−0.208%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0252% / S −0.0289%	1h	0.09977	−0.253%	$323K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09973	−0.290%	$2.0M	$33.8M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.1001	+0.048%	$403K	$439K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.279%	$6K	$242K	12x	as long as short