Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0717%/8h= +78.5% APRpaid last 24h +0.197%

Price spread now: RISEx against Kalshi+0.055%7-day average +0.072% · 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−$39as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Kalshi Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.496%+$50 on $10k

Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.055%, 7d avg +0.072%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXDOGEPERP	0.09886	0	get 0.0000% / 8h	3h 40m	$553K	$6.6M	2.8x
Short	RISEx DOGE/USDC	0.09892	0.0717	get 0.0090% / 1h	40m 58s	$398K	$457K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.055%Rate

Funding earned: $150.61
Price spread: +0.055% → +0.072%: −$1.69
Slippage, 4 orders: −$20.86
Fee Kalshi: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $112.07
Costs to cover: 0.369%
Break-even: 1.8 days

Slippage from Kalshi: live order book, 3 min ago; RISEx: live order book, 57 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	3.74 bp	15.8 bp −$16	21.3 bp −$213	doesn't fit	doesn't fit
Sell RISEx live order book, 57 min ago	1.51 bp	4.5 bp −$5	12.1 bp −$121	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
Kraken Futures PF_DOGEUSD	−0.0096%	1h	0.09879	−0.068%	$5.5M	$40.7M	50x	as long as short
Bitget DOGEUSDT	−0.0012%	8h	0.09875	−0.112%	$140.3M	$346.7M	75x	as long as short
Kalshi KXDOGEPERPlong	0.0000%	8h	0.09886	long leg	$553K	$6.6M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09875	−0.116%	$35K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0013%	1h	0.09883	−0.034%	$560K	$293K	25x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.513%	$6K	$242K	12x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09902	+0.165%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09888	+0.018%	$825K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09884	−0.021%	$1K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09885	−0.006%	$535K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09885	−0.015%	$123.4M	$117.2M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09884	−0.018%	$4.9M	$58.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09889	+0.028%	$321K	$490K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09885	−0.011%	$327.3M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09881	−0.052%	$163.7M	$521.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09885	−0.011%	$115.1M	$1.19B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09887	+0.009%	$16K	$306K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09882	−0.041%	$249.9M	$153.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09883	−0.031%	$117.5M	$258.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09883	−0.031%	$66.3M	$49.6M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09873	−0.133%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09878	−0.082%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09893	+0.068%	$1.1M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09904	+0.182%	$300K	$139.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09890	+0.039%	$621K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	+0.242%	$142K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09885	−0.006%	$257K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09879	−0.072%	$70K	$465K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09881	−0.047%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09893	+0.069%	$34K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09879	−0.072%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09882	−0.047%	$5.8M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09877	−0.092%	$90.3M	$16.6M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09910	+0.242%	$378K	$2K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09887	+0.013%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09878	−0.082%	$481K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09879	−0.068%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0202%	1h	0.09881	−0.053%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09893	+0.070%	$1.9M	$34.8M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09876	−0.102%	$15.4M	$26.7M	75x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.09888	+0.017%	$455	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0216%	1h	0.09891	+0.053%	$291K	—	200x	as long as short
dYdX DOGE-USD	+0.0565%	1h	0.09887	+0.009%	$229K	$71K	10x	as long as short
RISEx DOGE/USDCshort	+0.0717%	1h	0.09892	+0.055%	$398K	$457K	10x