Settings8H · net · $10k
Funding arb · Price arb /

DOGE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h +0.030%
Price spread now: Polymarket Perps against Kalshi+0.018%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$310.310% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.164%−$16 on $10k
Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.018%, 7d avg +0.016%
Together, before fees−0.256%−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.164%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXDOGEPERP0.099000get 0.0000% / 8h42m 50s$393K$5.2M2.8x
ShortPolymarket Perps DOGE-USD0.099020.0068get 0.0009% / 1h42m 50s$258K$831K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$14.3
Price spread: +0.018% → +0.016%
$0.2
Slippage, 4 orders
−$13.01
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$16.52
Costs to cover
0.310%
Break-even
15.1 days
Slippage from Kalshi: live order book, 1 min ago; Polymarket Perps: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 1 min ago4.04 bp13.9 bp −$1419.6 bp −$196doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 15 min ago0.05 bp4.1 bp −$45.3 bp −$53doesn't fitdoesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0057%8h0.09906+0.061%$149.7M$275.1M75xas long as short
Kraken Futures PF_DOGEUSD−0.0032%1h0.09898−0.021%$5.7M$35.5M50xas long as short
Kalshi KXDOGEPERPlong0.0000%8h0.09900long leg$393K$5.2M2.8x
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.09899−0.009%$592K$118K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09901+0.014%$23K150xas long as short
dYdX DOGE-USD+0.0036%1h0.09917+0.174%$223K$49K10xas long as short
Polymarket Perps DOGE-USDshort+0.0068%1h0.09902+0.018%$258K$831K10x
Lighter DOGE+0.0096%1h0.09917+0.167%$728K$6.2M15xas long as short
Katana Perps DOGE-USD+0.0096%8h0.09908+0.081%$895$449K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09909+0.096%$525K$1.0M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.09906+0.056%$4.6M$49.0M75xas long as short
Pacifica DOGE+0.0100%1h0.09918+0.182%$322K$482K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09921+0.208%$316.8M$1.45B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09918+0.182%$161.0M$443.4M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09911+0.111%$110.6M$990.8M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09885−0.152%$380K$85910xas long as short
Gate DOGE_USDT+0.0100%8h0.09901+0.010%$242.8M$133.4M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09902+0.020%$111.2M$234.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.099000.000%$65.4M$43.5M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09904+0.040%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09896−0.040%$310K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.09876−0.246%$1.0M$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09865−0.354%$293K$129.4M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09876−0.242%$622K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09880−0.202%$144K$284K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09899−0.010%$69K$436K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09894−0.056%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09903+0.034%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09899−0.010%$2K$4.0M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09903+0.026%$5.9M$57.3M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09897−0.030%$91.0M$16.6M50xas long as short
Paradex DOGE-USD-PERP+0.0101%8h0.09913+0.136%$18K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.09896−0.041%$495K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09898−0.023%$19K3xas long as short
01 Exchange DOGEUSD+0.0184%1h0.09910+0.105%$528$4K10xas long as short
Reya DOGERUSDPERP+0.0189%1h0.09902+0.022%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09901+0.010%$15.5M$25.0M75xas long as short
Phoenix DOGE+0.0242%1h0.09885−0.149%$64K$288K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0246% / S −0.0269%1h0.09901+0.012%$310K200xas long as short
Hyperliquid DOGE+0.0274%1h0.09920+0.206%$120.7M$100.3M10xas long as short
Coinbase International DOGE-PERP-INTX+0.0296%1h0.09907+0.071%$2.3M$26.7M50xas long as short
Arcus DOGE-USD+0.0690%1h0.09922+0.222%$117K$189K10xas long as short
RISEx DOGE/USDC+0.0695%1h0.09914+0.146%$400K$412K10xas long as short
Injective DOGE/USDC PERP+0.1004%1h0.09940+0.404%$5K$239K12xas long as short