DOOD arbitrage explained
Right now Doodles (DOOD) trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.001608 and the highest bid on KuCoin spot at $0.001622.
The widest DOOD perpetual spread is between OKX and MEXC: long DOOD on OKX at $0.001608 and short on MEXC at $0.001613 for +0.31% gross, or +0.15% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best DOOD route is to buy spot on Bybit and short the perpetual on MEXC: +0.19% gross, -0.01% net, with +0.030% a day of funding on the short leg.
Spot–spot DOOD arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows +0.75% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small DOOD gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: DOOD funding rates · DOOD spread charts · Doodles price · arbitrage scanner for all coins.