Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bulk against SoDEX+0.291%7-day average −0.001% · 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+$3as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on SoDEX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.263%−$26 · spread now +0.291%, 7d avg −0.001%

Together, before fees−0.257%−$26 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: Bulk is 0.292% dearer against SoDEX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.1006	0.0100	pay 0.0013% / 1h	3m 38s	$2K	$3.8M	10x
Short	Bulk DOGE-USD	0.1009	0.0100	get 0.0013% / 1h	3m 38s	$387K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against SoDEX. 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 SoDEXbpFee BulkbpOrdersPrice spread, now +0.291%Rate

Funding earned: $0
Price spread: +0.291% → −0.001%: $29.17
Slippage, 4 orders: −$10.96
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $3.21
Costs to cover: 0.260%
Break-even: from the start

Slippage from SoDEX: live order book, just now; Bulk: 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 SoDEX live order book, just now	0.50 bp	4.5 bp −$4	8.6 bp −$86	140.8 bp −$14.1K	doesn't fit
Sell Bulk live order book, 5 min ago	4.95 bp	8.4 bp −$8	8.4 bp −$84	13.6 bp −$1,361	23.3 bp −$11.7K

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	−0.0161%	8h	0.09984	−0.795%	$151.6M	$271.7M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1006	−0.071%	$6.0M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	+0.060%	$415K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1007	+0.053%	$606K	$119K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1008	+0.168%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.1001	−0.513%	$225K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	−0.444%	$791K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1002	−0.467%	$837	$426K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1002	−0.419%	$5.1M	$46.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	−0.458%	$334K	$512K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.539%	$318.2M	$1.41B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1001	−0.566%	$159.7M	$439.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.537%	$110.2M	$967.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1001	−0.537%	$76K	$124K	10x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.1009	+0.291%	$387K	$5K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09995	−0.686%	$243.0M	$131.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09999	−0.646%	$112.3M	$226.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	−0.417%	$65.8M	$42.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09994	−0.696%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1005	−0.169%	$365K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1006	−0.023%	$994K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1009	+0.224%	$270K	$125.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+0.010%	$639K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1007	+0.060%	$148K	$269K	25x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	−0.556%	$514K	$973K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1008	+0.169%	$264K	$632K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1008	+0.109%	$74K	$426K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1007	+0.089%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1009	+0.213%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1006	long leg	$2K	$3.8M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1006	−0.086%	$6.0M	$53.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1006	−0.079%	$92.8M	$17.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0102%	8h	0.1001	−0.520%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09991	−0.728%	$528K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1007	+0.058%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.1001	−0.510%	$529	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0183%	1h	0.1008	+0.161%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1007	+0.010%	$15.5M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1006	−0.020%	$2.0M	$25.2M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1008	+0.117%	$65K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0271%	1h	0.1008	+0.160%	$317K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1001	−0.569%	$323K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0752%	1h	0.1004	−0.278%	$122.4M	$96.1M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1012	+0.556%	$5K	$239K	12x	as long as short