Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: KuCoin against Backpack+0.182%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days−0.220%−$22 · spread now +0.182%, 7d avg +0.014%

Together, before fees−0.289%−$29 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: KuCoin is 0.169% dearer against Backpack than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack DOGE_USDC_PERP	0.09879	0.0100	pay 0.0013% / 1h	50m 32s	$310K	$1.1M	15x
Short	KuCoin DOGEUSDTM	0.09897	0.0100	get 0.0100% / 8h	4h 50m	$65.3M	$43.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Backpack. 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 BackpackbpFee KuCoinbpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → +0.014%: $16.86
Slippage, 4 orders: −$13.01
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.15
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; KuCoin: live order book, 4 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 Backpack live order book, 3 min ago	1.51 bp	6.5 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.51 bp	12.0 bp −$12	16.6 bp −$166	39.5 bp −$3,949	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	−0.0062%	8h	0.09866	−0.132%	$149.1M	$274.7M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.09873	−0.064%	$5.7M	$35.4M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09874	−0.055%	$429K	$5.2M	2.8x	as long as short
dYdX DOGE-USD	+0.0001%	1h	0.09873	−0.065%	$222K	$49K	10x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09869	−0.102%	$23K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0013%	1h	0.09873	−0.065%	$590K	$118K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0036%	1h	0.09870	−0.091%	$256K	$823K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09881	+0.015%	$745K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09871	−0.081%	$892	$449K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09870	−0.086%	$525K	$1.0M	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	0.09895	+0.163%	$4.5M	$48.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09880	+0.010%	$321K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09877	−0.020%	$315.3M	$1.45B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09875	−0.040%	$159.5M	$442.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09878	−0.010%	$110.1M	$985.0M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09930	+0.516%	$381K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09870	−0.091%	$241.5M	$132.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09875	−0.040%	$111.2M	$233.4M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.09897	+0.182%	$65.3M	$43.4M	75x
BingX DOGE-USDC	+0.0100%	8h	0.09871	−0.081%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERPlong	+0.0100%	1h	0.09879	long leg	$310K	$1.1M	15x
Variational Omni DOGE	+0.0100%	8h	0.09868	−0.114%	$979K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09908	+0.290%	$295K	$129.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09916	+0.371%	$624K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	+0.314%	$144K	$283K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09871	−0.081%	$69K	$436K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09870	−0.088%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09874	−0.049%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09873	−0.061%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09866	−0.136%	$5.9M	$57.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09880	+0.010%	$90.9M	$16.5M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09890	+0.114%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09872	−0.073%	$495K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09870	−0.089%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09879	+0.005%	$527	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0188%	1h	0.09874	−0.053%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09879	0.000%	$15.5M	$25.0M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.09913	+0.343%	$64K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09871	−0.085%	$309K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.09875	−0.040%	$2.3M	$26.5M	50x	as long as short
Hyperliquid DOGE	+0.0308%	1h	0.09906	+0.277%	$120.5M	$100.0M	10x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.09886	+0.071%	$117K	$189K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.09881	+0.015%	$399K	$411K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09940	+0.617%	$5K	$239K	12x	as long as short