Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.001%

Price spread now: Polymarket Perps against KuCoin−0.030%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.308%−$31 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.030%, 7d avg −0.012%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGEUSDTM	0.09980	0.0100	pay 0.0100% / 8h	1h 32m	$66.4M	$50.0M	75x
Short	Polymarket Perps DOGE-USD	0.09977	0.0024	get 0.0003% / 1h	32m 13s	$266K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$15.91
Price spread: −0.030% → −0.012%: −$1.83
Slippage, 4 orders: −$15.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$52.76
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Polymarket Perps: live order book, 1 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, 7 min ago	1.50 bp	11.1 bp −$11	21.0 bp −$210	42.6 bp −$4,260	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	3.20 bp	7.2 bp −$7	7.5 bp −$75	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	−0.0083%	1h	0.09980	+0.001%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09990	+0.095%	$224K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09999	+0.189%	$611K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09980	−0.003%	$34K	—	150x	as long as short
Polymarket Perps DOGE-USDshort	+0.0024%	1h	0.09977	−0.030%	$266K	$1.2M	10x
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.511%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0065%	8h	0.09971	−0.090%	$142.2M	$344.2M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09982	+0.015%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09985	+0.055%	$851K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09978	−0.015%	$539K	$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
Aster DOGEUSDT	+0.0100%	8h	0.09980	+0.004%	$4.5M	$58.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09994	+0.140%	$320K	$501K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09980	0.000%	$328.3M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09974	−0.060%	$165.1M	$520.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09977	−0.030%	$117.4M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	+0.100%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09979	−0.010%	$249.1M	$156.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09979	−0.010%	$110.7M	$257.9M	300x	as long as short
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.09980	long leg	$66.4M	$50.0M	75x
BingX DOGE-USDT	+0.0100%	8h	0.09977	−0.030%	—	$80.7M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09979	−0.010%	$303K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09967	−0.133%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09996	+0.162%	$303K	$140.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09998	+0.180%	$638K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.200%	$150K	$337K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09983	+0.030%	$66K	$467K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09967	−0.134%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09989	+0.086%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09980	0.000%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09984	+0.043%	$5.9M	$68.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09979	−0.010%	$91.6M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09983	+0.027%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09974	−0.064%	$486K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09982	+0.025%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0109%	8h	0.09982	+0.020%	$834	$537K	10x	as long as short
Hyperliquid DOGE	+0.0117%	1h	0.09986	+0.058%	$123.9M	$116.4M	10x	as long as short
Reya DOGERUSDPERP	+0.0197%	1h	0.09979	−0.012%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09999	+0.190%	$16.2M	$27.1M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0221%	1h	0.09985	+0.046%	$573K	$252K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09983	+0.030%	$1.9M	$34.8M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09982	+0.018%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.09991	+0.109%	$444	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.09982	+0.020%	$23K	$305K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.09991	+0.115%	$402K	$454K	10x	as long as short