Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against edgeX−0.176%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on edgeX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 7 days+0.137%+$14 · spread now −0.176%, 7d avg +0.013%

Together, before fees−0.073%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.189% cheaper against edgeX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DOGEUSDC	0.09860	0.0100	pay 0.0050% / 4h	2h 18m	$258K	$133.9M	20x
Short	Kalshi KXDOGEPERP	0.09842	0	get 0.0000% / 8h	2h 18m	$493K	$6.4M	2.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now −0.176%Rate

Funding earned: −$21
Price spread: −0.176% → +0.013%: −$18.91
Slippage, 4 orders: −$17.68
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$76.59
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Kalshi: 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 edgeX live order book, 3 min ago	2.54 bp	7.0 bp −$7	7.4 bp −$74	14.6 bp −$1,465	doesn't fit
Sell Kalshi live order book, 3 min ago	3.65 bp	13.4 bp −$13	20.1 bp −$201	doesn't fit	doesn't fit

DOGE on 43 exchanges

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	−0.0052%	1h	0.09842	−0.184%	$5.3M	$40.1M	50x	as long as short
Bitget DOGEUSDT	−0.0038%	8h	0.09833	−0.272%	$139.2M	$346.1M	75x	as long as short
Kalshi KXDOGEPERPshort	0.0000%	8h	0.09842	−0.176%	$493K	$6.4M	2.8x
Gate DOGE_USDT	+0.0001%	8h	0.09840	−0.201%	$252.5M	$148.6M	75x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09839	−0.215%	$33K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.797%	$6K	$240K	12x	as long as short
Bybit DOGEUSDT	+0.0038%	8h	0.09834	−0.262%	$165.9M	$509.6M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0055%	1h	0.09844	−0.160%	$551K	$297K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09851	−0.092%	$814K	$6.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09839	−0.211%	$1K	$539K	10x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09839	−0.206%	$505K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09847	−0.132%	$122.1M	$111.4M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09840	−0.196%	$4.9M	$57.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09842	−0.176%	$315K	$467K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09843	−0.171%	$324.9M	$1.65B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09839	−0.211%	$115.8M	$1.13B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09844	−0.160%	$17K	$307K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09868	+0.085%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09842	−0.181%	$111.7M	$257.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09842	−0.181%	$65.3M	$47.5M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09840	−0.201%	—	$49.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09842	−0.181%	$312K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09845	−0.145%	$1.2M	$7.9M	—	as long as short
edgeX DOGEUSDClong	+0.0100%	4h	0.09860	long leg	$258K	$133.9M	20x
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09856	−0.038%	$629K	$4.0M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09860	+0.002%	$139K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09835	−0.256%	$245K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09842	−0.181%	$68K	$422K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09845	−0.151%	$34K	$2.0M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09842	−0.181%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09849	−0.108%	$6.0M	$66.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09843	−0.171%	$89.8M	$15.7M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09837	−0.228%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09834	−0.257%	$482K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09840	−0.201%	$19K	—	3x	as long as short
Phoenix DOGE	+0.0161%	1h	0.09852	−0.082%	$18K	$355K	10x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.09845	−0.155%	$453	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0205%	1h	0.09842	−0.178%	$2K	—	20x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0211% / S −0.0184%	1h	0.09840	−0.205%	$286K	—	200x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09845	−0.150%	$15.4M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09843	−0.171%	$2.2M	$34.4M	50x	as long as short
dYdX DOGE-USD	+0.0245%	1h	0.09842	−0.180%	$231K	$67K	10x	as long as short
RISEx DOGE/USDC	+0.0565%	1h	0.09856	−0.039%	$409K	$448K	10x	as long as short