DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Bybit against Kalshi−0.056%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Kalshi Short on Bybit

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+0.017%+$2 · spread now −0.056%, 7d avg +0.008%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.064% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.008%). If the spread goes back, that is −$6 on $10k: about 2.1 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	0.09960	0	get 0.0000% / 8h	2h 23m	$392K	$5.0M	2.8x
Short	Bybit DOGEUSDT	0.09954	0.0100	get 0.0100% / 8h	6h 23m	$157.6M	$442.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.056%Rate

Funding earned: $21
Price spread: −0.056% → +0.008%: −$6.42
Slippage, 4 orders: −$15.04
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.46
Costs to cover: 0.360%
Break-even: 14.2 days

Slippage from Kalshi: live order book, 5 min ago; Bybit: live order book, 6 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, 5 min ago	5.16 bp	13.2 bp −$13	20.1 bp −$201	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.50 bp	6.0 bp −$6	9.9 bp −$99	22.1 bp −$2,213	46.7 bp −$23.3K

DOGE on 43 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	−0.0111%	8h	0.09948	−0.116%	$150.7M	$273.2M	75x	as long as short
Kalshi KXDOGEPERPlong	0.0000%	8h	0.09960	long leg	$392K	$5.0M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09943	−0.167%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.09961	+0.016%	$224K	$49K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0022%	1h	0.09949	−0.109%	$594K	$118K	25x	as long as short
Kraken Futures PF_DOGEUSD	+0.0067%	1h	0.09953	−0.065%	$5.8M	$34.1M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09968	+0.082%	$826K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09955	−0.046%	$832	$428K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09953	−0.071%	$530K	$990K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09959	−0.002%	$4.6M	$48.2M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09964	+0.039%	$327K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09953	−0.066%	$315.2M	$1.43B	75x	as long as short
Bybit DOGEUSDTshort	+0.0100%	8h	0.09954	−0.056%	$157.6M	$442.2M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09958	−0.016%	$109.8M	$979.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09967	+0.074%	$128K	$178K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09984	+0.243%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09956	−0.036%	$241.4M	$132.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09959	−0.006%	$110.9M	$229.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09960	+0.004%	$65.9M	$43.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09956	−0.036%	—	$76.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09955	−0.046%	$340K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09990	+0.304%	$985K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09982	+0.229%	$282K	$128.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09978	+0.185%	$627K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09970	+0.104%	$146K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09951	−0.086%	$256K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09949	−0.106%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09943	−0.167%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09950	−0.098%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09950	−0.096%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09947	−0.128%	$5.9M	$54.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09952	−0.076%	$91.7M	$17.1M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09957	−0.028%	$558K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09947	−0.130%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0110%	8h	0.09958	−0.015%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0184%	1h	0.09956	−0.033%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09959	−0.002%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09955	−0.046%	$2.0M	$25.1M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09998	+0.387%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09942	−0.174%	$309K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09961	+0.018%	$401K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0705%	1h	0.09966	+0.067%	$121.7M	$97.5M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09980	+0.205%	$5K	$239K	12x	as long as short