Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0601%/8h= −65.8% APRpaid last 24h −0.153%

Price spread now: SunX against RISEx−0.033%7-day average −0.009% · 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−$61as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.318%−$32 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.033%, 7d avg −0.009%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and SunX is 0.024% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.1009	0.0701	pay 0.0088% / 1h	24m 51s	$326K	$480K	10x
Short	SunX DOGE-USDT	0.1009	0.0100	get 0.0100% / 8h	7h 24m	$35K	$2.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$126.27
Price spread: −0.033% → −0.009%: −$2.43
Slippage, 4 orders: −$44.22
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$186.93
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from RISEx: live order book, 49 min ago; SunX: 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 RISEx live order book, 49 min ago	3.02 bp	6.0 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	17.83 bp	24.3 bp −$24	32.4 bp −$324	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
Bitget DOGEUSDT	−0.0179%	8h	0.1009	−0.087%	$153.2M	$270.9M	75x	as long as short
Phemex DOGEUSDT	−0.0151%	8h	0.1010	+0.012%	$93.2M	$17.8M	50x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1010	+0.066%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	+0.015%	$408K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1010	+0.011%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.1010	+0.007%	$227K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0057%	1h	0.1010	+0.057%	$608K	$121K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1011	+0.137%	$790K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1009	−0.017%	$843	$412K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1009	−0.047%	$517K	$971K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1010	+0.013%	$5.0M	$46.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1010	+0.023%	$336K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1009	−0.022%	$320.9M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1009	−0.007%	$160.2M	$437.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1009	−0.007%	$111.4M	$973.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1009	−0.007%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1007	−0.242%	$386K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1009	−0.047%	$245.4M	$129.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1009	−0.027%	$113.8M	$224.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1009	−0.007%	$66.2M	$42.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1009	−0.037%	—	$76.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1010	+0.012%	$365K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.100%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	−0.153%	$265K	$123.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1009	−0.091%	$633K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1008	−0.146%	$148K	$268K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1009	−0.047%	$272K	$629K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1010	+0.032%	$73K	$424K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	+0.017%	$25K	$1K	10x	as long as short
SunX DOGE-USDTshort	+0.0100%	8h	0.1009	−0.033%	$35K	$2.2M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.1010	+0.042%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	+0.068%	$6.0M	$52.7M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1009	−0.051%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1009	−0.035%	$532K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1010	+0.029%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0182%	1h	0.1009	−0.009%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1009	+0.001%	$533	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1010	+0.062%	$15.5M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1010	+0.092%	$2.0M	$25.1M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1010	+0.060%	$66K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.1009	−0.001%	$311K	—	200x	as long as short
RISEx DOGE/USDClong	+0.0701%	1h	0.1009	long leg	$326K	$480K	10x
Hyperliquid DOGE	+0.0827%	1h	0.1011	+0.111%	$123.2M	$94.9M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1012	+0.250%	$5K	$239K	12x	as long as short