Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin+0.010%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.010%, 7d avg +0.019%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGEUSDTM	0.09994	0.0100	pay 0.0100% / 8h	6h 47m	$65.5M	$42.7M	75x
Short	Phemex DOGEUSDT	0.09995	0.0100	get 0.0100% / 8h	6h 47m	$92.2M	$17.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee KuCoinbpFee PhemexbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.019%: −$0.92
Slippage, 4 orders: −$15.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.41
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Phemex: live order book, 6 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 KuCoin live order book, 6 min ago	0.50 bp	8.5 bp −$9	15.5 bp −$155	45.1 bp −$4,510	doesn't fit
Sell Phemex live order book, 6 min ago	1.51 bp	10.3 bp −$10	14.3 bp −$143	30.6 bp −$3,057	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	−0.0142%	8h	0.09977	−0.170%	$151.3M	$272.9M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09971	−0.229%	$224K	$59K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09991	−0.026%	$412K	$4.9M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09975	−0.185%	$23K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0066%	1h	0.09993	−0.014%	$5.8M	$34.0M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09982	−0.120%	$763K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0098%	8h	0.09980	−0.140%	$834	$427K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09984	−0.100%	$490K	$977K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09993	−0.014%	$4.7M	$47.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09999	+0.050%	$330K	$503K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09986	−0.080%	$317.5M	$1.42B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09983	−0.110%	$158.3M	$442.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09985	−0.090%	$109.6M	$974.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1000	+0.070%	$128K	$181K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09960	−0.340%	$382K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09982	−0.120%	$241.6M	$129.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09984	−0.100%	$111.6M	$225.7M	300x	as long as short
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.09994	long leg	$65.5M	$42.7M	75x
BingX DOGE-USDC	+0.0100%	8h	0.09986	−0.080%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09996	+0.020%	$353K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09952	−0.421%	$953K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09925	−0.691%	$267K	$126.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09945	−0.490%	$634K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	−0.440%	$146K	$272K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09982	−0.115%	$257K	$640K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09989	−0.050%	$70K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09990	−0.043%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09984	−0.098%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09991	−0.030%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09975	−0.195%	$6.0M	$54.2M	75x	as long as short
Phemex DOGEUSDTshort	+0.0100%	8h	0.09995	+0.010%	$92.2M	$17.9M	50x
Extended DOGE-USD	+0.0104%	1h	0.09987	−0.071%	$529K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09990	−0.041%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0118%	8h	0.09988	−0.063%	$18K	$7K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0160%	1h	0.09992	−0.018%	$597K	$119K	25x	as long as short
Reya DOGERUSDPERP	+0.0183%	1h	0.09970	−0.237%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.09989	−0.052%	$532	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09978	−0.160%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09995	+0.010%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09980	−0.141%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0268%	1h	0.09976	−0.184%	$312K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09992	−0.015%	$321K	$406K	10x	as long as short
Hyperliquid DOGE	+0.0706%	1h	0.09997	+0.031%	$121.5M	$97.0M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1001	+0.160%	$5K	$239K	12x	as long as short