Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: BingX against gTrade (Gains Network)−0.363%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.363% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.363% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 12 days of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) DOGE/USD	0.1027	L +0.0001% / S 0.0000%	pay 0.0000% / 1h	19m 36s	$24K	—	150x
Short	BingX DOGE-USDT	0.1023	0.0100	get 0.0100% / 8h	3h 19m	—	$79.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.363%Rate

Funding earned: $20.79
Price spread: −0.363% → 0.000%: −$36.32
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.53
Costs to cover: 0.200%
Break-even: 19.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 4 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	1.94 bp	6.9 bp −$7	8.4 bp −$84	16.9 bp −$1,690	42.4 bp −$21.2K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kalshi KXDOGEPERP	0.0000%	8h	0.1025	−0.187%	$693K	$6.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USDlong	L +0.0001% / S 0.0000%	1h	0.1027	long leg	$24K	—	150x
dYdX DOGE-USD	+0.0023%	1h	0.1024	−0.312%	$230K	$70K	10x	as long as short
Bitget DOGEUSDT	+0.0067%	8h	0.1023	−0.363%	$133.5M	$316.7M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1025	−0.212%	$760K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1023	−0.353%	$556K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1023	−0.352%	$4.9M	$54.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1024	−0.327%	$327K	$519K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1023	−0.379%	$337.0M	$1.61B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1023	−0.402%	$167.2M	$498.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1024	−0.315%	$116.6M	$1.15B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1029	+0.250%	$395K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1023	−0.402%	$253.0M	$146.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1023	−0.402%	$116.2M	$245.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1024	−0.237%	$67.4M	$48.2M	75x	as long as short
BingX DOGE-USDTshort	+0.0100%	8h	0.1023	−0.363%	—	$79.4M	—
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1026	−0.130%	$342K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1023	−0.395%	$1.1M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1024	−0.321%	$329K	$136.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1024	−0.328%	$645K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1024	−0.285%	$154K	$330K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1023	−0.412%	$257K	$993K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1027	+0.036%	$70K	$468K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1027	+0.015%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1027	−0.036%	$36K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1026	−0.061%	$2K	$5.1M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1026	−0.103%	$6.0M	$65.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1027	−0.042%	$94.3M	$17.3M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1023	−0.390%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1023	−0.371%	$494K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1027	+0.010%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0121%	8h	0.1023	−0.373%	$1K	$503K	10x	as long as short
Reya DOGERUSDPERP	+0.0192%	1h	0.1023	−0.376%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1024	−0.305%	$16.8M	$27.1M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1023	−0.352%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0245%	1h	0.1026	−0.091%	$5.5M	$38.9M	50x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1024	−0.291%	$455	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0256% / S −0.0309%	1h	0.1027	−0.004%	$332K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1027	−0.042%	$2.1M	$33.5M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0364%	1h	0.1027	−0.014%	$583K	$247K	25x	as long as short
Hyperliquid DOGE	+0.0496%	1h	0.1025	−0.188%	$127.9M	$110.7M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1025	−0.227%	$111K	$204K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1024	−0.319%	$413K	$428K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+2.539%	$6K	$242K	12x	as long as short