DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against Bybit+0.133%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Bybit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.133%, 7d avg −0.011%

Together, before fees−0.281%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.145% dearer against Bybit than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.011%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.09908	0.0100	pay 0.0100% / 8h	38m 35s	$164.0M	$524.8M	75x
Short	Kalshi KXDOGEPERP	0.09921	0	get 0.0000% / 8h	4h 38m	$592K	$6.5M	2.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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 BybitbpFee KalshibpOrdersPrice spread, now +0.133%Rate

Funding earned: −$21
Price spread: +0.133% → −0.011%: $14.45
Slippage, 4 orders: −$13.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$40.99
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Kalshi: 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 Bybit live order book, 6 min ago	0.50 bp	6.7 bp −$7	8.4 bp −$84	16.3 bp −$1,628	39.6 bp −$19.8K
Sell Kalshi live order book, 5 min ago	4.16 bp	11.8 bp −$12	18.3 bp −$183	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
Kraken Futures PF_DOGEUSD	−0.0060%	1h	0.09931	+0.234%	$5.6M	$40.7M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09927	+0.192%	$223K	$69K	10x	as long as short
Kalshi KXDOGEPERPshort	0.0000%	8h	0.09921	+0.133%	$592K	$6.5M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09923	+0.156%	$35K	—	150x	as long as short
Bitget DOGEUSDT	+0.0020%	8h	0.09908	0.000%	$140.3M	$347.1M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0026%	1h	0.09909	+0.012%	$258K	$1.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.278%	$6K	$242K	12x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0052%	1h	0.09931	+0.233%	$569K	$252K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09939	+0.309%	$834K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09915	+0.071%	$534K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09939	+0.318%	$123.7M	$117.2M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09918	+0.099%	$4.5M	$59.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09931	+0.231%	$318K	$504K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09919	+0.113%	$327.5M	$1.72B	75x	as long as short
Bybit DOGEUSDTlong	+0.0100%	8h	0.09908	long leg	$164.0M	$524.8M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09913	+0.050%	$115.8M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09918	+0.101%	$17K	$308K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09910	+0.020%	$381K	$15K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09917	+0.091%	$248.7M	$156.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09924	+0.161%	$116.3M	$258.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09924	+0.161%	$66.1M	$49.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09920	+0.121%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09924	+0.161%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09964	+0.561%	$1.1M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09969	+0.619%	$304K	$139.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09971	+0.636%	$628K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09970	+0.626%	$143K	$344K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09928	+0.202%	$71K	$472K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09928	+0.205%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09935	+0.274%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09929	+0.212%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09931	+0.228%	$5.9M	$68.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09930	+0.222%	$90.9M	$16.8M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09927	+0.195%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09916	+0.084%	$485K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09927	+0.194%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0107%	8h	0.09917	+0.091%	$1K	$539K	10x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09978	+0.706%	$18K	$382K	10x	as long as short
Reya DOGERUSDPERP	+0.0199%	1h	0.09911	+0.033%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09933	+0.252%	$1.9M	$34.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09932	+0.242%	$15.3M	$26.9M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09927	+0.193%	$313K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.09922	+0.145%	$441	$4K	10x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09925	+0.169%	$404K	$462K	10x	as long as short