Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0033%/8h= +3.7% APRpaid last 24h +0.046%

Price spread now: BloFin against dYdX−0.027%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$970.965% of the position

Long on dYdX Short on BloFin

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)+0.023%+$2 · spread now −0.027%, 7d avg +0.023%

Together, before fees+0.298%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.050% cheaper against dYdX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.023%). If the spread goes back, that is −$5 on $10k: about 5.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.276% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.09773	0.0187	pay 0.0023% / 1h	27m 45s	$229K	$75K	10x
Short	BloFin DOGE-USDT	0.09770	0.0220	get 0.0220% / 8h	5h 27m	$15.4M	$25.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $7.03
Price spread: −0.027% → +0.023%: −$5.02
Slippage, 4 orders: −$74.53
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$94.51
Costs to cover: 0.965%
Break-even: 101.1 days

Slippage from dYdX: live order book, 19 min ago; BloFin: live order book, 4 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 dYdX live order book, 19 min ago	27.38 bp	32.4 bp −$32	40.2 bp −$402	43.0 bp −$4,303	51.3 bp −$25.6K
Sell BloFin live order book, 4 min ago	1.02 bp	7.0 bp −$7	9.3 bp −$93	17.6 bp −$1,755	33.4 bp −$16.7K

DOGE on 43 exchanges

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	−0.0140%	1h	0.09775	+0.029%	$5.2M	$38.9M	50x	as long as short
Bitget DOGEUSDT	−0.0046%	8h	0.09761	−0.119%	$137.8M	$295.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09782	+0.100%	$502K	$6.2M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09779	+0.062%	$547K	$291K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09774	+0.013%	$32K	—	150x	as long as short
Bybit DOGEUSDT	+0.0018%	8h	0.09760	−0.129%	$164.1M	$492.5M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.750%	$6K	$240K	12x	as long as short
01 Exchange DOGEUSD	+0.0040%	1h	0.09778	+0.055%	$450	$4K	10x	as long as short
Gate DOGE_USDT	+0.0046%	8h	0.09766	−0.068%	$249.7M	$145.9M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09774	+0.015%	$18K	$311K	10x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter DOGE	+0.0096%	1h	0.09773	0.000%	$808K	$6.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09769	−0.037%	$2K	$539K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09761	−0.114%	$18K	$5K	30x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09772	−0.007%	$503K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09773	+0.007%	$121.0M	$107.9M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09768	−0.048%	$4.9M	$57.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09770	−0.029%	$310K	$441K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09768	−0.049%	$322.6M	$1.60B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09765	−0.078%	$116.4M	$1.09B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09777	+0.044%	$15K	$308K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09767	−0.058%	$109.9M	$250.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09764	−0.089%	$63.7M	$44.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09769	−0.037%	—	$46.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09774	+0.014%	$303K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09762	−0.107%	$1.3M	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09767	−0.063%	$257K	$129.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09770	−0.027%	$626K	$3.9M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09770	−0.027%	$137K	$344K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09771	−0.019%	$225K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09776	+0.034%	$67K	$421K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09778	+0.060%	$34K	$1.9M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09776	+0.034%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09780	+0.070%	$5.9M	$64.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09775	+0.024%	$89.2M	$15.5M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09815	+0.433%	$375K	$2K	10x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09765	−0.075%	$478K	$3.4M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09774	+0.012%	$19K	—	3x	as long as short
dYdX DOGE-USDlong	+0.0187%	1h	0.09773	long leg	$229K	$75K	10x
Reya DOGERUSDPERP	+0.0207%	1h	0.09771	−0.016%	$2K	—	20x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0210% / S −0.0184%	1h	0.09773	+0.006%	$283K	—	200x	as long as short
BloFin DOGE-USDTshort	+0.0220%	8h	0.09770	−0.027%	$15.4M	$25.5M	75x
Coinbase International DOGE-PERP-INTX	+0.0264%	1h	0.09774	+0.014%	$2.3M	$32.7M	50x	as long as short
RISEx DOGE/USDC	+0.0587%	1h	0.09780	+0.073%	$406K	$391K	10x	as long as short