Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against RISEx−0.033%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

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

Long on RISEx Short on MEXC

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)+0.011%+$1 · spread now −0.033%, 7d avg −0.045%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.1049	0.0728	pay 0.0091% / 1h	44m 26s	$423K	$426K	10x
Short	MEXC DOGE_USDT	0.1049	0.0100	get 0.0100% / 8h	3h 44m	$117.8M	$240.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$131.88
Price spread: −0.033% → −0.045%: $1.13
Slippage, 4 orders: −$9.47
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$146.22
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from RISEx: live order book, 9 min ago; MEXC: live order book, 5 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 RISEx live order book, 9 min ago	4.26 bp	7.3 bp −$7	18.4 bp −$184	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.48 bp	0.5 bp $0	2.7 bp −$27	20.3 bp −$2,034	55.6 bp −$27.8K

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
dYdX DOGE-USD	0.0000%	1h	0.1047	−0.185%	$235K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1047	−0.213%	$731K	$6.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1048	−0.073%	$25K	—	150x	as long as short
Bitget DOGEUSDT	+0.0012%	8h	0.1048	−0.138%	$141.9M	$308.4M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1049	−0.067%	$748K	$6.4M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1049	−0.043%	$569K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1050	+0.024%	$5.0M	$53.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1048	−0.138%	$338K	$510K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1049	−0.025%	$348.2M	$1.57B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1048	−0.091%	$173.3M	$486.8M	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	0.1049	−0.062%	$120.2M	$1.15B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1047	−0.249%	$402K	$11K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1048	−0.091%	$259.1M	$141.7M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1049	−0.033%	$117.8M	$240.0M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1049	−0.052%	$69.0M	$47.3M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1048	−0.091%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1049	−0.062%	$354K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1044	−0.484%	$1.2M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1045	−0.382%	$335K	$134.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1043	−0.558%	$659K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1046	−0.310%	$164K	$317K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1048	−0.110%	$269K	$889K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1048	−0.081%	$74K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1049	−0.041%	$26K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1050	+0.026%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1049	−0.024%	$2K	$4.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1048	−0.095%	$6.2M	$63.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1049	−0.024%	$96.5M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.1048	−0.092%	$19K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1048	−0.104%	$505K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1049	−0.010%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0125%	8h	0.1048	−0.119%	$1K	$485K	10x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1048	−0.141%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1049	−0.033%	$16.3M	$27.5M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1045	−0.437%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0240%	1h	0.1049	−0.054%	$5.6M	$37.7M	50x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1049	+0.012%	$467	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0261% / S −0.0320%	1h	0.1049	−0.021%	$346K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1047	−0.205%	$2.0M	$32.1M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0437%	1h	0.1050	+0.024%	$591K	$242K	25x	as long as short
Hyperliquid DOGE	+0.0585%	1h	0.1050	+0.052%	$130.3M	$107.5M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1050	+0.052%	$114K	$200K	10x	as long as short
RISEx DOGE/USDClong	+0.0728%	1h	0.1049	long leg	$423K	$426K	10x
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+0.357%	$6K	$242K	12x	as long as short