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: Nado against Kalshi+0.105%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Kalshi Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.105%, 7d avg +0.023%

Together, before fees−0.055%+ Points / potential airdropNado: Active · farm board−$5 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 Nado is 0.082% dearer against Kalshi than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXDOGEPERP	0.1004	0	get 0.0000% / 8h	5h 15m	$418K	$4.7M	2.8x
Short	Nado DOGE-PERP	0.1005	0.0100	get 0.0012% / 1h	15m 58s	$570K	$861K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.105%Rate

Funding earned: $21
Price spread: +0.105% → +0.023%: $8.16
Slippage, 4 orders: −$17.09
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.93
Costs to cover: 0.341%
Break-even: 8.6 days

Slippage from Kalshi: live order book, 3 min ago; Nado: 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, 3 min ago	4.03 bp	10.2 bp −$10	18.0 bp −$180	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.50 bp	7.4 bp −$7	22.3 bp −$223	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	−0.0262%	8h	0.1003	−0.090%	$153.2M	$266.5M	75x	as long as short
Kalshi KXDOGEPERPlong	0.0000%	8h	0.1004	long leg	$418K	$4.7M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1005	+0.070%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1004	−0.031%	$225K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0039%	1h	0.1005	+0.095%	$609K	$109K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1009	+0.421%	$67K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1005	+0.041%	$791K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1005	+0.090%	$840	$371K	10x	as long as short
Gate DOGE_USDT	+0.0097%	8h	0.1004	−0.050%	$241.7M	$124.6M	75x	as long as short
Nado DOGE-PERPshort	+0.0100%	1h	0.1005	+0.105%	$570K	$861K	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1004	−0.010%	$4.9M	$43.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1005	+0.062%	$335K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1004	+0.006%	$319.7M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1004	−0.030%	$159.1M	$421.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1004	+0.010%	$109.5M	$931.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1006	+0.199%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.182%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1004	−0.020%	$112.0M	$217.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1004	0.000%	$66.1M	$41.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1004	−0.080%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.271%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	+0.331%	$276K	$116.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1005	+0.051%	$633K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1009	+0.458%	$148K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1005	+0.060%	$268K	$542K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1005	+0.080%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1005	+0.087%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1006	+0.137%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1005	+0.020%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1006	+0.122%	$6.0M	$50.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1004	−0.010%	$93.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1005	+0.059%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1004	−0.040%	$558K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1005	+0.074%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1005	+0.080%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1006	+0.164%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1006	+0.149%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1005	+0.080%	$15.3M	$25.1M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0248% / S −0.0198%	1h	0.1005	+0.063%	$366K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1004	−0.032%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0413%	1h	0.1005	+0.050%	$537K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0462%	1h	0.1005	+0.104%	$112.0M	$83.3M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	+0.209%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1005	+0.060%	$5K	$239K	12x	as long as short