Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h +0.046%

Price spread now: Reya against Kalshi+0.756%45s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Reya is 0.756% dearer against Kalshi than usual: you sell high and buy low: +$76 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

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	Reya DOGERUSDPERP	0.1003	0.0185	get 0.0023% / 1h	56m 24s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.756%Rate

Funding earned: $38.95
Price spread: +0.756% → 0.000%: $75.6
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $98.55
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Kalshi: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0091%	8h	0.1001	+0.598%	$151.5M	$273.3M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1002	+0.690%	$225K	$49K	10x	as long as short
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	0.1001	+0.621%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0089%	1h	0.1002	+0.709%	$599K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.666%	$814K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.1003	+0.819%	$838	$430K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	+0.754%	$535K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1003	+0.795%	$4.6M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	+0.720%	$329K	$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	0.1002	+0.718%	$319.6M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	+0.688%	$160.4M	$437.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1003	+0.749%	$111.7M	$986.1M	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	0.1002	+0.708%	$243.2M	$130.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1003	+0.789%	$114.8M	$228.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	+0.839%	$66.4M	$43.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1003	+0.759%	—	$3.5M	—	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
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1003	+0.779%	$267K	$709K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	+0.718%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	+0.732%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	+0.884%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	+0.688%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.562%	$6.0M	$55.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	+0.568%	$92.2M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	+0.648%	$561K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	+0.705%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0106%	8h	0.1003	+0.798%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERPshort	+0.0185%	1h	0.1003	+0.756%	$2K	—	20x
Phoenix DOGE	+0.0241%	1h	0.09951	−0.006%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.1002	+0.715%	$312K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1004	+0.936%	$535	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.1003	+0.789%	$2.3M	$25.9M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0305%	1h	0.1002	+0.664%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0521%	1h	0.1004	+0.849%	$122.1M	$99.6M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.1004	+0.924%	$404K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.1005	+1.000%	$129K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09970	+0.186%	$5K	$239K	12x	as long as short