Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0083%/8h= +9.0% APRpaid last 24h +0.004%

Price spread now: MEXC against dYdX+0.145%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.145%, 7d avg +0.005%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.139% dearer against dYdX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.1003	0.0017	pay 0.0002% / 1h	46m 02s	$225K	$44K	10x
Short	MEXC DOGE_USDT	0.1004	0.0100	get 0.0100% / 8h	1h 46m	$109.4M	$214.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.145%Rate

Funding earned: $17.33
Price spread: +0.145% → +0.005%: $13.93
Slippage, 4 orders: −$73.09
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$51.83
Costs to cover: 0.831%
Break-even: 27.9 days

Slippage from dYdX: live order book, 38 min ago; MEXC: live order book, 3 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, 38 min ago	16.05 bp	27.4 bp −$27	97.3 bp −$973	141.2 bp −$14.1K	179.0 bp −$89.5K
Sell MEXC live order book, 3 min ago	0.50 bp	0.5 bp $0	1.5 bp −$15	7.4 bp −$742	39.1 bp −$19.6K

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	−0.0273%	8h	0.1003	+0.035%	$153.4M	$262.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.122%	$378K	$4.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1003	+0.062%	$32K	—	150x	as long as short
dYdX DOGE-USDlong	+0.0017%	1h	0.1003	long leg	$225K	$44K	10x
Phoenix DOGE	+0.0081%	1h	0.1005	+0.213%	$15K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0092%	8h	0.1003	+0.085%	$241.5M	$121.1M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1005	+0.197%	$786K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1003	+0.035%	$1K	$355K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	0.000%	$701K	$770K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1004	+0.140%	$5.0M	$41.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1003	+0.075%	$336K	$497K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1004	+0.152%	$319.6M	$1.28B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1004	+0.115%	$162.0M	$405.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1004	+0.165%	$109.4M	$910.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1003	+0.085%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	+0.045%	$384K	$14K	10x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1004	+0.145%	$109.4M	$214.3M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1004	+0.135%	$65.9M	$39.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1004	+0.145%	—	$73.8M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.058%	$933K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1003	+0.017%	$275K	$113.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	−0.004%	$631K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1004	+0.145%	$145K	$239K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1003	+0.035%	$272K	$533K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1004	+0.145%	$72K	$417K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1004	+0.121%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	+0.118%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1004	+0.175%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1004	+0.117%	$6.0M	$48.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1004	+0.165%	$93.1M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1003	+0.002%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1004	+0.133%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	+0.170%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0128%	1h	0.1004	+0.180%	$628K	$105K	25x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1003	+0.071%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1003	+0.065%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1004	+0.135%	$2.0M	$22.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	+0.075%	$15.2M	$24.2M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.1003	+0.078%	$311K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1004	+0.161%	$6.0M	$32.0M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0368%	1h	0.1004	+0.185%	$530K	$934K	15x	as long as short
Hyperliquid DOGE	+0.0401%	1h	0.1005	+0.234%	$110.6M	$81.1M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1004	+0.096%	$315K	$473K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1008	+0.544%	$5K	$207K	12x	as long as short