Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Pacifica+0.070%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.070%, 7d avg −0.016%

Together, before fees−0.230%+ Points / potential airdropPacifica: Active · farm board−$23 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: MEXC is 0.086% dearer against Pacifica than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica DOGE	0.09958	0.0100	pay 0.0013% / 1h	3m 07s	$335K	$496K	20x
Short	MEXC DOGE_USDT	0.09965	0.0100	get 0.0100% / 8h	2h 03m	$110.3M	$221.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → −0.016%: $8.61
Slippage, 4 orders: −$8.31
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$7.7
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from Pacifica: live order book, 20 min ago; MEXC: live order book, 1 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 Pacifica live order book, 20 min ago	2.51 bp	6.5 bp −$7	8.4 bp −$84	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.50 bp	0.5 bp −$1	3.7 bp −$37	17.6 bp −$1,759	56.3 bp −$28.2K

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	−0.0277%	8h	0.09956	−0.020%	$152.5M	$261.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09944	−0.145%	$363K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09965	+0.070%	$623K	$106K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09957	−0.006%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0079%	8h	0.09954	−0.040%	$237.4M	$121.3M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09924	−0.343%	$15K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09956	−0.020%	$1K	$346K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09967	+0.089%	$755K	$5.2M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09954	−0.040%	$620K	$704K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09961	+0.033%	$4.9M	$40.7M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGElong	+0.0100%	1h	0.09958	long leg	$335K	$496K	20x
Binance DOGEUSDT	+0.0100%	8h	0.09966	+0.077%	$315.4M	$1.27B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09961	+0.030%	$159.3M	$399.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09966	+0.080%	$109.1M	$898.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09962	+0.040%	$28K	$76K	10x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09965	+0.070%	$110.3M	$221.5M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09964	+0.060%	$65.3M	$39.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09964	+0.060%	—	$73.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09902	−0.562%	$931K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09906	−0.523%	$264K	$112.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09906	−0.523%	$628K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09900	−0.582%	$143K	$228K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09952	−0.056%	$272K	$529K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09960	+0.020%	$57K	$396K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09961	+0.030%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09963	+0.048%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09963	+0.050%	$2K	$3.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09960	+0.015%	$6.0M	$47.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09963	+0.050%	$92.4M	$19.0M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09947	−0.110%	$381K	$14K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09956	−0.024%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09959	+0.008%	$547K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09964	+0.059%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0109%	1h	0.09955	−0.035%	$223K	$44K	10x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.09961	+0.026%	$526	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0175%	1h	0.09957	−0.011%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09966	+0.080%	$15.2M	$24.0M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09965	+0.070%	$2.0M	$22.6M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0247%	1h	0.09956	−0.016%	$318K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0256%	1h	0.09971	+0.131%	$527K	$932K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0287%	1h	0.09964	+0.059%	$6.0M	$31.9M	50x	as long as short
Hyperliquid DOGE	+0.0413%	1h	0.09967	+0.092%	$109.6M	$79.9M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09964	+0.065%	$313K	$474K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09960	+0.020%	$5K	$180K	12x	as long as short