Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Kalshi−0.208%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on Kalshi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.208%, 7d avg +0.066%

Together, before fees+0.343%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.273% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of +0.066%). If the spread goes back, that is −$27 on $10k: about 9.1 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	Kalshi KXDOGEPERP	0.1007	0	get 0.0000% / 8h	5h 15m	$420K	$4.7M	2.8x
Short	ApeX Omni DOGEUSDT	0.1005	0.0100	get 0.0013% / 1h	15m 02s	$147K	$245K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kalshi. 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 KalshibpFee ApeX OmnibpOrdersPrice spread, now −0.208%Rate

Funding earned: $21
Price spread: −0.208% → +0.066%: −$27.34
Slippage, 4 orders: −$41.63
Fee Kalshi: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$67.97
Costs to cover: 0.616%
Break-even: 29.7 days

Slippage from Kalshi: live order book, 4 min ago; ApeX Omni: live order book, 1 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 Kalshi live order book, 4 min ago	4.03 bp	10.2 bp −$10	18.0 bp −$180	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	4.98 bp	19.4 bp −$19	55.7 bp −$557	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
Bitget DOGEUSDT	−0.0261%	8h	0.1007	−0.049%	$153.7M	$266.5M	75x	as long as short
Kalshi KXDOGEPERPlong	0.0000%	8h	0.1007	long leg	$420K	$4.7M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1005	−0.233%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.1004	−0.281%	$225K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0079%	1h	0.1005	−0.236%	$608K	$109K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1005	−0.199%	$66K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1008	+0.044%	$793K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1004	−0.307%	$839	$370K	10x	as long as short
Gate DOGE_USDT	+0.0098%	8h	0.1007	−0.009%	$242.5M	$124.7M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1004	−0.272%	$569K	$861K	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	0.1007	+0.026%	$5.0M	$43.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1005	−0.243%	$335K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1008	+0.086%	$320.8M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	+0.080%	$159.8M	$421.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	+0.120%	$109.8M	$936.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	−0.217%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	−0.086%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1007	+0.031%	$112.4M	$217.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1007	+0.011%	$66.3M	$41.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1007	−0.059%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1004	−0.285%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1004	−0.287%	$275K	$116.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1004	−0.277%	$632K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDTshort	+0.0100%	1h	0.1005	−0.208%	$147K	$245K	25x
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	−0.277%	$268K	$542K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1005	−0.227%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1005	−0.237%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1005	−0.200%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1006	−0.138%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1007	+0.033%	$6.0M	$50.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1007	−0.029%	$93.3M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	−0.270%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1004	−0.288%	$557K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1005	−0.236%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1005	−0.242%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1005	−0.235%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1006	−0.108%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	−0.138%	$15.4M	$25.1M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0248% / S −0.0198%	1h	0.1005	−0.239%	$366K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1006	−0.113%	$6.0M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0414%	1h	0.1008	+0.090%	$538K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0474%	1h	0.1009	+0.157%	$114.4M	$84.5M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1005	−0.193%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1005	−0.208%	$5K	$239K	12x	as long as short