Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: KuCoin against MEXC−0.050%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.050%, 7d avg −0.010%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.040% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.09911	0.0100	pay 0.0100% / 8h	2h 04m	$109.7M	$221.4M	300x
Short	KuCoin DOGEUSDTM	0.09906	0.0100	get 0.0100% / 8h	2h 04m	$64.8M	$39.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.010%: −$4.03
Slippage, 4 orders: −$7.38
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$23.41
Costs to cover: 0.194%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 4 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 MEXC live order book, 4 min ago	0.50 bp	0.5 bp −$1	1.6 bp −$16	12.4 bp −$1,241	48.8 bp −$24.4K
Sell KuCoin live order book, 4 min ago	0.50 bp	8.4 bp −$8	14.1 bp −$141	36.6 bp −$3,664	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	−0.0278%	8h	0.09901	−0.101%	$151.8M	$261.3M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09907	−0.041%	$367K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09907	−0.039%	$619K	$106K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09903	−0.076%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0078%	8h	0.09904	−0.071%	$236.0M	$121.1M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09951	+0.401%	$15K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09902	−0.091%	$838	$345K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09909	−0.024%	$751K	$5.2M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09903	−0.086%	$627K	$698K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09904	−0.071%	$4.9M	$40.7M	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	0.09912	+0.010%	$334K	$496K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09909	−0.025%	$313.8M	$1.27B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09906	−0.050%	$158.4M	$399.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09914	+0.030%	$108.5M	$893.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09910	−0.010%	$28K	$76K	10x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.09911	long leg	$109.7M	$221.4M	300x
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.09906	−0.050%	$64.8M	$39.3M	75x
BingX DOGE-USDT	+0.0100%	8h	0.09905	−0.061%	—	$73.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09902	−0.090%	$931K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09933	+0.224%	$267K	$112.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09924	+0.135%	$629K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09920	+0.091%	$144K	$228K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09901	−0.105%	$270K	$529K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09904	−0.071%	$57K	$396K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09903	−0.081%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09908	−0.033%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09905	−0.061%	$2K	$3.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09909	−0.024%	$5.9M	$47.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09906	−0.050%	$91.8M	$19.0M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09947	+0.364%	$381K	$14K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09905	−0.056%	$18K	$5K	30x	as long as short
dYdX DOGE-USD	+0.0101%	1h	0.09907	−0.036%	$222K	$44K	10x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09907	−0.036%	$547K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09906	−0.050%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09907	−0.037%	$523	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0175%	1h	0.09902	−0.091%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09910	−0.010%	$15.1M	$23.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09906	−0.050%	$2.0M	$22.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0247%	1h	0.09903	−0.083%	$316K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0253%	1h	0.09911	0.000%	$523K	$931K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0289%	1h	0.09904	−0.072%	$5.9M	$31.9M	50x	as long as short
Hyperliquid DOGE	+0.0408%	1h	0.09915	+0.042%	$109.1M	$79.8M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09910	−0.010%	$311K	$474K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09960	+0.494%	$5K	$180K	12x	as long as short