Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.013%

Price spread now: Reya against KuCoin−0.015%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

The price spread sits at zero (this spread has no 7-day history yet), 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	0.09937	0.0100	pay 0.0100% / 8h	2h 01m	$65.3M	$39.3M	75x
Short	Reya DOGERUSDPERP	0.09935	0.0175	get 0.0022% / 1h	1m 04s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.015%Rate

Funding earned: $15.74
Price spread: −0.015% → 0.000%: −$1.52
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$3.78
Costs to cover: 0.180%
Break-even: 8.7 days

Slippage unknown: KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	0.50 bp	9.9 bp −$10	17.1 bp −$171	47.6 bp −$4,758	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 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	−0.0276%	8h	0.09917	−0.201%	$152.0M	$261.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09940	+0.025%	$362K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09940	+0.031%	$621K	$106K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09937	0.000%	$32K	—	150x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09924	−0.133%	$15K	$225K	10x	as long as short
Gate DOGE_USDT	+0.0081%	8h	0.09926	−0.111%	$237.2M	$121.4M	75x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09937	0.000%	$841	$347K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09941	+0.044%	$753K	$5.2M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09934	−0.025%	$619K	$704K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09938	+0.008%	$4.9M	$40.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09935	−0.023%	$335K	$496K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09928	−0.095%	$314.2M	$1.27B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09921	−0.161%	$158.6M	$399.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09926	−0.111%	$108.9M	$895.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09943	+0.060%	$28K	$76K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09929	−0.081%	$110.3M	$221.7M	300x	as long as short
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.09937	long leg	$65.3M	$39.3M	75x
BingX DOGE-USDT	+0.0100%	8h	0.09926	−0.111%	—	$73.6M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09902	−0.352%	$931K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09951	+0.142%	$264K	$112.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09906	−0.313%	$628K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09900	−0.372%	$143K	$228K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09933	−0.042%	$271K	$529K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09938	+0.010%	$57K	$396K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09938	+0.007%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09943	+0.056%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09939	+0.020%	$2K	$3.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09938	+0.007%	$6.0M	$47.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09939	+0.020%	$92.1M	$19.0M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09939	+0.022%	$381K	$14K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09936	−0.010%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09924	−0.132%	$548K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09940	+0.030%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0105%	1h	0.09935	−0.024%	$223K	$44K	10x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.09940	+0.035%	$525	$4K	10x	as long as short
Reya DOGERUSDPERPshort	+0.0175%	1h	0.09935	−0.015%	$2K	—	20x
BloFin DOGE-USDT	+0.0220%	8h	0.09938	+0.010%	$15.1M	$23.9M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09940	+0.030%	$2.0M	$22.6M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0247%	1h	0.09937	−0.003%	$317K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0256%	1h	0.09934	−0.030%	$525K	$932K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0288%	1h	0.09937	−0.004%	$6.0M	$31.9M	50x	as long as short
Hyperliquid DOGE	+0.0408%	1h	0.09933	−0.036%	$109.2M	$80.0M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09944	+0.070%	$312K	$474K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09960	+0.231%	$5K	$180K	12x	as long as short