Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%

Price spread now: dYdX against Kalshi−0.142%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1031.030% of the position

Long on Kalshi Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.142%, 7d avg +0.020%

Together, before fees+0.169%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.161% cheaper against Kalshi than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXDOGEPERP	0.09951	0	get 0.0000% / 8h	1h 56m	$393K	$5.0M	2.8x
Short	dYdX DOGE-USD	0.09937	0	get 0.0000% / 1h	56m 55s	$223K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → +0.020%: −$16.12
Slippage, 4 orders: −$83
Fee Kalshi: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$119.12
Costs to cover: 1.030%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; dYdX: live order book, 7 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, 2 min ago	3.91 bp	9.0 bp −$9	17.4 bp −$174	doesn't fit	doesn't fit
Sell dYdX live order book, 7 min ago	33.36 bp	38.4 bp −$38	157.5 bp −$1,575	260.5 bp −$26.0K	397.5 bp −$198.8K

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	−0.0092%	8h	0.1000	+0.497%	$151.4M	$273.2M	75x	as long as short
dYdX DOGE-USDshort	0.0000%	1h	0.09937	−0.142%	$223K	$49K	10x
Kalshi KXDOGEPERPlong	0.0000%	8h	0.09951	long leg	$393K	$5.0M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09952	+0.003%	$24K	—	150x	as long as short
Polymarket Perps DOGE-USD	+0.0025%	1h	0.09939	−0.126%	$265K	$709K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09964	+0.123%	$810K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09943	−0.085%	$2K	$430K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09946	−0.060%	$530K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09965	+0.138%	$4.6M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09947	−0.047%	$327K	$482K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09999	+0.480%	$318.9M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1000	+0.518%	$160.1M	$437.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	+0.538%	$111.4M	$983.7M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.646%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09986	+0.347%	$242.3M	$130.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09992	+0.407%	$113.6M	$228.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09985	+0.337%	$66.0M	$43.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09997	+0.457%	—	$76.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09965	+0.136%	$333K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09973	+0.214%	$995K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09978	+0.265%	$295K	$129.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09965	+0.137%	$626K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09960	+0.085%	$146K	$273K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09952	+0.005%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09952	+0.007%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09959	+0.071%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09955	+0.035%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09951	−0.008%	$5.9M	$55.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09960	+0.085%	$91.7M	$16.9M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09981	+0.293%	$559K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09951	−0.004%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0106%	8h	0.09941	−0.104%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0162%	1h	0.09956	+0.041%	$595K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0185%	1h	0.09948	−0.037%	$2K	—	20x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09951	−0.006%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09953	+0.015%	$310K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09952	+0.005%	$2.3M	$25.7M	50x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.09951	−0.001%	$530	$4K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0307%	1h	0.09951	−0.004%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0508%	1h	0.1002	+0.658%	$121.8M	$99.6M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09953	+0.020%	$401K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09961	+0.095%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09970	+0.186%	$5K	$239K	12x	as long as short