Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: KuCoin against gTrade (Gains Network)−0.068%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.068% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) DOGE/USD	0.09811	L +0.0001% / S 0.0000%	pay 0.0000% / 1h	29m 01s	$35K	—	150x
Short	KuCoin DOGEUSDTM	0.09804	0.0100	get 0.0100% / 8h	7h 29m	$65.4M	$49.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $20.79
Price spread: −0.068% → 0.000%: −$6.77
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.98
Costs to cover: 0.220%
Break-even: 9.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 10 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 10 min ago	0.51 bp	10.2 bp −$10	15.2 bp −$152	37.4 bp −$3,737	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0097%	1h	0.09815	+0.049%	$5.4M	$40.6M	50x	as long as short
Bitget DOGEUSDT	−0.0015%	8h	0.09797	−0.139%	$138.9M	$346.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09815	+0.047%	$537K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USDlong	L +0.0001% / S 0.0000%	1h	0.09811	long leg	$35K	—	150x
Gate DOGE_USDT	+0.0004%	8h	0.09808	−0.027%	$248.2M	$154.3M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.332%	$6K	$242K	12x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09816	+0.052%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09822	+0.112%	$819K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09808	−0.027%	$2K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09813	+0.024%	$501K	$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	0.09818	+0.077%	$122.4M	$116.9M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09804	−0.069%	$4.9M	$58.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09818	+0.071%	$319K	$481K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09806	−0.050%	$324.6M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09800	−0.108%	$162.6M	$521.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09805	−0.057%	$113.4M	$1.18B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09811	+0.004%	$16K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09875	+0.656%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09805	−0.057%	$116.6M	$259.6M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.09804	−0.068%	$65.4M	$49.1M	75x
BingX DOGE-USDC	+0.0100%	8h	0.09802	−0.088%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09812	+0.014%	$297K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09822	+0.115%	$1.0M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09824	+0.138%	$298K	$139.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09821	+0.106%	$617K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09830	+0.197%	$140K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09807	−0.032%	$255K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09812	+0.014%	$70K	$465K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09809	−0.020%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09813	+0.021%	$34K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09813	+0.024%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09810	−0.001%	$5.8M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09817	+0.065%	$89.7M	$16.5M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09815	+0.046%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09798	−0.129%	$476K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09810	−0.002%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0107%	1h	0.09815	+0.045%	$556K	$297K	25x	as long as short
Reya DOGERUSDPERP	+0.0202%	1h	0.09809	−0.013%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09815	+0.044%	$1.9M	$34.6M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09813	+0.024%	$15.5M	$26.6M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09814	+0.036%	$452	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0207%	1h	0.09815	+0.040%	$294K	—	200x	as long as short
dYdX DOGE-USD	+0.0538%	1h	0.09814	+0.033%	$230K	$74K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09816	+0.053%	$395K	$448K	10x	as long as short