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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h −0.023%
Price spread now: Deribit against KuCoin−0.055%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$430.434% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.139%−$14 on $10k
Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.055%, 7d avg +0.013%
Together, before fees−0.052%−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.068% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.013%). If the spread goes back, that is −$7 on $10k: about 43 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin DOGEUSDTM0.10470.0100pay 0.0100% / 8h3h 50m$69.2M$47.0M75x
ShortDeribit DOGE_USDC-PERPETUAL0.10460.0228get 0.0029% / 1h50m 09s$589K$242K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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
$26.88
Price spread: −0.055% → +0.013%
−$6.83
Slippage, 4 orders
−$24.4
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$23.35
Costs to cover
0.434%
Break-even
13.1 days
Slippage from KuCoin: live order book, 4 min ago; Deribit: live order book, 4 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 KuCoin live order book, 4 min ago2.85 bp12.2 bp −$1219.7 bp −$19760.5 bp −$6,053doesn't fit
Sell Deribit live order book, 4 min ago5.70 bp9.7 bp −$1054.4 bp −$544doesn'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−0.0003%8h0.1046−0.076%$141.8M$307.1M75xas long as short
dYdX DOGE-USD0.0000%1h0.1047+0.018%$235K$70K10xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1045−0.176%$25K150xas long as short
Lighter DOGE+0.0096%1h0.1047+0.065%$754K$6.3M15xas long as short
Nado DOGE-PERP+0.0100%1h0.1046−0.091%$566K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1047+0.067%$5.1M$52.9M75xas long as short
Pacifica DOGE+0.0100%1h0.1047+0.095%$345K$491K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1046−0.010%$345.6M$1.56B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1047+0.019%$172.7M$484.6M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1047+0.019%$118.6M$1.14B50xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk DOGE-USD+0.0100%1h0.1047+0.013%$402K$11K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1046−0.010%$257.9M$141.0M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.10470.000%$117.7M$239.2M300xas long as short
KuCoin DOGEUSDTMlong+0.0100%8h0.1047long leg$69.2M$47.0M75x
BingX DOGE-USDC+0.0100%8h0.1046−0.076%$3.5Mas long as short
Variational Omni DOGE+0.0100%8h0.1052+0.484%$1.2M$8.3Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1052+0.551%$319K$133.9M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1055+0.812%$668K$4.5M10xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1047+0.010%$269K$889K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1046−0.076%$73K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1045−0.096%$26K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1046−0.016%$37K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1046−0.029%$2K$4.8M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1046−0.093%$6.2M$62.9M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1046−0.029%$96.2M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0104%8h0.1046−0.069%$19K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.1046−0.080%$506K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1046−0.079%$20K3xas long as short
Katana Perps DOGE-USD+0.0126%8h0.1046−0.096%$1K$483K10xas long as short
Backpack DOGE_USDC_PERP+0.0164%1h0.1046−0.067%$348K$1.2M15xas long as short
Reya DOGERUSDPERP+0.0191%1h0.1047+0.031%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1051+0.459%$16.3M$27.5M75xas long as short
Deribit DOGE_USDC-PERPETUALshort+0.0228%1h0.1046−0.055%$589K$242K25x
Phoenix DOGE+0.0235%1h0.1050+0.357%$68K$292K10xas long as short
Kraken Futures PF_DOGEUSD+0.0241%1h0.1046−0.067%$5.7M$37.6M50xas long as short
Kalshi KXDOGEPERP+0.0242%8h0.1046−0.025%$756K$6.1M2.8xas long as short
01 Exchange DOGEUSD+0.0256%1h0.1046−0.058%$465$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0260% / S −0.0320%1h0.1045−0.145%$345K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.1047+0.029%$2.0M$31.9M50xas long as short
Hyperliquid DOGE+0.0603%1h0.1047+0.057%$129.4M$106.9M10xas long as short
Arcus DOGE-USD+0.0634%1h0.1047+0.010%$114K$200K10xas long as short
ApeX Omni DOGEUSDT+0.0688%1h0.1053+0.621%$165K$306K25xas long as short
RISEx DOGE/USDC+0.0728%1h0.1047+0.018%$422K$426K10xas long as short
Injective DOGE/USDC PERP+0.1062%1h0.1053+0.621%$6K$242K12xas long as short