Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.004%

Price spread now: KuCoin against dYdX−0.011%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$980.977% of the position

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now −0.011%, 7d avg +0.005%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.09995	0.0016	pay 0.0002% / 1h	21m 29s	$224K	$49K	10x
Short	KuCoin DOGEUSDTM	0.09994	0.0100	get 0.0100% / 8h	4h 21m	$66.1M	$43.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $17.66
Price spread: −0.011% → +0.005%: −$1.55
Slippage, 4 orders: −$75.71
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$81.6
Costs to cover: 0.977%
Break-even: 39.3 days

Slippage from dYdX: live order book, 38 min ago; KuCoin: live order book, 3 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 dYdX live order book, 38 min ago	28.73 bp	36.7 bp −$37	50.4 bp −$504	54.8 bp −$5,482	184.3 bp −$92.1K
Sell KuCoin live order book, 3 min ago	1.00 bp	8.9 bp −$9	14.1 bp −$141	37.6 bp −$3,764	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	−0.0040%	8h	0.09990	−0.051%	$151.0M	$276.6M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.09998	+0.032%	$5.7M	$35.7M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1001	+0.099%	$396K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1000	+0.051%	$24K	—	150x	as long as short
dYdX DOGE-USDlong	+0.0016%	1h	0.09995	long leg	$224K	$49K	10x
Lighter DOGE	+0.0096%	1h	0.09999	+0.036%	$733K	$6.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.09989	−0.061%	$999	$457K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09987	−0.081%	$525K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09999	+0.035%	$4.7M	$49.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09999	+0.039%	$325K	$483K	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	0.09992	−0.033%	$323.6M	$1.47B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09993	−0.021%	$163.1M	$447.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09996	+0.009%	$112.8M	$1.01B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.245%	$385K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09990	−0.051%	$246.2M	$134.9M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09990	−0.051%	$111.5M	$235.6M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.09994	−0.011%	$66.1M	$43.7M	75x
BingX DOGE-USDT	+0.0100%	8h	0.09985	−0.101%	—	$77.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09984	−0.111%	$321K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.206%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1000	+0.049%	$300K	$130.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09995	−0.001%	$637K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1004	+0.449%	$146K	$288K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09991	−0.043%	$258K	$863K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1000	+0.079%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1000	+0.085%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.252%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09999	+0.039%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.133%	$6.0M	$58.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09989	−0.061%	$91.9M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09988	−0.074%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09980	−0.152%	$495K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1000	+0.064%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0140%	1h	0.1000	+0.094%	$598K	$119K	25x	as long as short
Reya DOGERUSDPERP	+0.0190%	1h	0.09994	−0.009%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09993	−0.017%	$533	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09995	−0.001%	$15.6M	$25.4M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1003	+0.336%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0269%	1h	0.1000	+0.051%	$313K	—	200x	as long as short
Hyperliquid DOGE	+0.0263%	1h	0.1001	+0.099%	$121.9M	$101.4M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.1001	+0.109%	$2.3M	$27.3M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.1000	+0.049%	$109K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.09992	−0.026%	$404K	$413K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1005	+0.549%	$5K	$239K	12x	as long as short