Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against MEXC+0.040%7-day average −0.003% · 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−$6as in the Price arb table

costs, in and out, $10k−$100.100% of the position

Long on MEXC Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.040%, 7d avg −0.003%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.043% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.1000	0.0100	pay 0.0100% / 8h	2h 11m	$113.2M	$256.7M	300x
Short	SoDEX DOGE-USD	0.1000	0.0100	get 0.0013% / 1h	11m 00s	$2K	$5.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.003%: $4.29
Slippage, 4 orders: −$2.01
Fee MEXC: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$5.72
Costs to cover: 0.100%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; SoDEX: 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 MEXC live order book, 3 min ago	0.50 bp	0.5 bp −$1	2.1 bp −$21	10.3 bp −$1,032	38.2 bp −$19.1K
Sell SoDEX live order book, 3 min ago	0.50 bp	4.5 bp −$5	8.0 bp −$80	147.2 bp −$14.7K	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	0.09993	−0.067%	$599K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.10000	−0.003%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.1001	+0.070%	$5.6M	$40.1M	50x	as long as short
dYdX DOGE-USD	+0.0028%	1h	0.09980	−0.200%	$224K	$70K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0043%	1h	0.09983	−0.167%	$269K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.151%	$854K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09991	−0.090%	$541K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1000	+0.032%	$4.4M	$57.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09982	−0.175%	$319K	$514K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1000	+0.031%	$327.4M	$1.69B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09998	−0.020%	$164.8M	$518.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09996	−0.040%	$117.3M	$1.19B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09955	−0.452%	$382K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1000	+0.040%	$248.8M	$154.3M	75x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.1000	long leg	$113.2M	$256.7M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1000	+0.040%	$66.6M	$49.8M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09991	−0.090%	$142.8M	$342.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09996	−0.040%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	+0.090%	$316K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09907	−0.931%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09933	−0.666%	$325K	$139.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09915	−0.850%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	−0.600%	$147K	$344K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09998	−0.020%	$67K	$473K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09998	−0.018%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	+0.088%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.1000	+0.040%	$2K	$5.3M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1000	+0.018%	$5.9M	$68.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	+0.060%	$91.9M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09981	−0.194%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09996	−0.043%	$484K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09999	−0.007%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0111%	8h	0.09979	−0.210%	$894	$526K	10x	as long as short
Hyperliquid DOGE	+0.0120%	1h	0.1002	+0.150%	$124.0M	$116.1M	10x	as long as short
Reya DOGERUSDPERP	+0.0195%	1h	0.09988	−0.122%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09985	−0.146%	$444	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1000	0.000%	$16.1M	$27.0M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.09983	−0.170%	$27K	$299K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09918	−0.816%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0290%	1h	0.09999	−0.008%	$317K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0290%	1h	0.1001	+0.081%	$569K	$247K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1000	+0.030%	$2.0M	$34.4M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.09987	−0.132%	$402K	$450K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.300%	$6K	$242K	12x	as long as short