Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h +0.162%

Price spread now: RISEx against MEXC+0.069%7-day average +0.045% · 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−$13as in the Price arb table

costs, in and out, $10k−$150.155% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.357%+$36 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.069%, 7d avg +0.045%

Together, before fees+0.311%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and RISEx is 0.024% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.1017	0.0100	pay 0.0100% / 8h	3h 14m	$116.1M	$246.2M	300x
Short	RISEx DOGE/USDC	0.1018	0.0728	get 0.0091% / 1h	14m 19s	$411K	$431K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now +0.069%Rate

Funding earned: $131.88
Price spread: +0.069% → +0.045%: $2.42
Slippage, 4 orders: −$9.49
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $118.8
Costs to cover: 0.155%
Break-even: 0.7 days

Slippage from MEXC: live order book, 5 min ago; RISEx: live order book, 39 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 MEXC live order book, 5 min ago	0.49 bp	0.5 bp $0	3.0 bp −$30	16.7 bp −$1,668	53.8 bp −$26.9K
Sell RISEx live order book, 39 min ago	4.26 bp	7.3 bp −$7	20.7 bp −$207	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
Kalshi KXDOGEPERP	0.0000%	8h	0.1017	−0.040%	$688K	$6.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1017	−0.077%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0020%	1h	0.1017	+0.003%	$228K	$70K	10x	as long as short
Bitget DOGEUSDT	+0.0078%	8h	0.1016	−0.088%	$132.2M	$317.3M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1018	+0.031%	$751K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1017	−0.010%	$557K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1017	−0.027%	$4.9M	$54.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1018	+0.021%	$325K	$519K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1017	−0.035%	$334.3M	$1.62B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1017	−0.079%	$165.9M	$501.1M	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	0.1017	−0.079%	$115.4M	$1.15B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1029	+1.199%	$395K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1017	−0.049%	$250.7M	$146.8M	75x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.1017	long leg	$116.1M	$246.2M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1017	+0.010%	$66.9M	$48.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1017	−0.079%	—	$79.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1017	−0.029%	$341K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1019	+0.174%	$1.2M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1022	+0.448%	$326K	$136.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1022	+0.477%	$644K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1022	+0.462%	$154K	$330K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1017	−0.029%	$259K	$1.0M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1017	−0.059%	$69K	$468K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1017	−0.078%	$19K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1019	+0.213%	$36K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1017	+0.010%	$2K	$5.1M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1018	+0.069%	$6.0M	$65.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1018	+0.098%	$93.6M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1017	−0.069%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1017	+0.006%	$491K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1017	−0.075%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0120%	8h	0.1017	0.000%	$1K	$503K	10x	as long as short
Reya DOGERUSDPERP	+0.0192%	1h	0.1017	+0.002%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1018	+0.118%	$16.4M	$27.0M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1024	+0.675%	$19K	$292K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0242%	1h	0.1017	−0.036%	$577K	$247K	25x	as long as short
Kraken Futures PF_DOGEUSD	+0.0247%	1h	0.1017	−0.011%	$5.5M	$39.2M	50x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1017	−0.001%	$452	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0255% / S −0.0309%	1h	0.1017	−0.062%	$328K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1018	+0.088%	$2.2M	$33.4M	50x	as long as short
Hyperliquid DOGE	+0.0451%	1h	0.1018	+0.108%	$127.0M	$111.2M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1018	+0.108%	$110K	$207K	10x	as long as short
RISEx DOGE/USDCshort	+0.0728%	1h	0.1018	+0.069%	$411K	$431K	10x
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+3.509%	$6K	$242K	12x	as long as short