Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.034%

Price spread now: Extended against Kalshi+0.044%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Kalshi Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.213%+$21 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.044%, 7d avg −0.017%

Together, before fees+0.123%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.061% dearer against Kalshi than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXDOGEPERP	0.1002	0	get 0.0000% / 8h	5h 27m	$417K	$4.7M	2.8x
Short	Extended DOGE-USD	0.1002	0.0104	get 0.0013% / 1h	27m 11s	$555K	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.044%Rate

Funding earned: $21.84
Price spread: +0.044% → −0.017%: $6.14
Slippage, 4 orders: −$20.57
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.6
Costs to cover: 0.356%
Break-even: 9.4 days

Slippage from Kalshi: live order book, 1 min ago; Extended: live order book, 2 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, 1 min ago	6.45 bp	11.4 bp −$11	21.3 bp −$213	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	3.49 bp	6.0 bp −$6	6.7 bp −$67	13.4 bp −$1,338	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	−0.0266%	8h	0.1001	−0.063%	$152.9M	$266.0M	75x	as long as short
Kalshi KXDOGEPERPlong	0.0000%	8h	0.1002	long leg	$417K	$4.7M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1002	−0.029%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0007%	1h	0.09994	−0.246%	$224K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09976	−0.423%	$66K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0091%	8h	0.1002	−0.013%	$240.8M	$123.8M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.065%	$786K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1001	−0.113%	$2K	$368K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	−0.068%	$570K	$853K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1002	−0.014%	$4.9M	$43.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09999	−0.189%	$334K	$508K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	+0.020%	$319.3M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.023%	$160.1M	$418.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	+0.017%	$109.2M	$927.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1002	−0.003%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	−0.525%	$382K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	+0.007%	$110.7M	$217.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	+0.037%	$66.0M	$40.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	+0.007%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09974	−0.440%	$947K	$8.0M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1000	−0.171%	$276K	$115.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	−0.042%	$630K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.183%	$146K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1001	−0.053%	$267K	$540K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	+0.067%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	+0.066%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.065%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	+0.027%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1003	+0.101%	$6.0M	$50.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	+0.027%	$92.8M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1001	−0.103%	$18K	$5K	30x	as long as short
Extended DOGE-USDshort	+0.0104%	1h	0.1002	+0.044%	$555K	$3.6M	50x
Aevo DOGE-PERP	+0.0104%	1h	0.1003	+0.097%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0119%	1h	0.1003	+0.096%	$607K	$109K	25x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1001	−0.092%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1002	−0.024%	$529	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1003	+0.147%	$2.0M	$23.5M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	+0.037%	$15.5M	$24.9M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.1002	−0.033%	$313K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0364%	1h	0.1002	+0.039%	$6.0M	$32.7M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0391%	1h	0.1003	+0.087%	$536K	$954K	15x	as long as short
Hyperliquid DOGE	+0.0419%	1h	0.1003	+0.137%	$110.8M	$82.6M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1002	+0.006%	$314K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1003	+0.117%	$5K	$207K	12x	as long as short