Funding arb · Price arb /

DOGE

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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: KuCoin against OKX+0.119%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.119%, 7d avg −0.002%

Together, before fees−0.111%−$11 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 0.121% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DOGE-USDT-SWAP	0.1010	0.0100	pay 0.0100% / 8h	7h 36m	$110.9M	$972.8M	50x
Short	KuCoin DOGEUSDTM	0.1011	0.0100	get 0.0100% / 8h	7h 36m	$66.2M	$42.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → −0.002%: $12.06
Slippage, 4 orders: −$7.91
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.85
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 3 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 OKX live order book, 3 min ago	0.50 bp	5.5 bp −$5	6.9 bp −$69	20.5 bp −$2,049	46.4 bp −$23.2K
Sell KuCoin live order book, 3 min ago	1.99 bp	8.9 bp −$9	15.3 bp −$153	43.3 bp −$4,327	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
Phemex DOGEUSDT	−0.0421%	8h	0.1011	+0.109%	$93.3M	$18.0M	50x	as long as short
Bitget DOGEUSDT	−0.0189%	8h	0.1010	+0.020%	$153.8M	$270.7M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1011	+0.114%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	+0.024%	$401K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1011	+0.070%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0024%	1h	0.1010	+0.030%	$227K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0067%	1h	0.1011	+0.086%	$608K	$121K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1012	+0.174%	$797K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1010	+0.040%	$854	$405K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1011	+0.079%	$519K	$973K	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	0.1011	+0.117%	$5.1M	$46.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1011	+0.102%	$337K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1010	+0.029%	$321.4M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1010	−0.010%	$160.2M	$438.0M	75x	as long as short
OKX DOGE-USDT-SWAPlong	+0.0100%	8h	0.1010	long leg	$110.9M	$972.8M	50x
Arcus DOGE-USD	+0.0100%	1h	0.1011	+0.139%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−0.460%	$385K	$9K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1010	+0.059%	$245.1M	$128.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1011	+0.109%	$114.9M	$223.9M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.1011	+0.119%	$66.2M	$42.6M	75x
BingX DOGE-USDC	+0.0100%	8h	0.1010	+0.020%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1011	+0.119%	$371K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.069%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1007	−0.243%	$265K	$122.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	−0.397%	$637K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1008	−0.178%	$148K	$267K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1010	+0.050%	$265K	$554K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1010	+0.059%	$73K	$428K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	+0.061%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1011	+0.115%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1011	+0.069%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1011	+0.117%	$6.1M	$52.4M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1011	+0.080%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1010	+0.038%	$550K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1010	+0.052%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1011	+0.078%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1011	+0.110%	$534	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1009	−0.040%	$15.4M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1012	+0.188%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1007	−0.256%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0263%	1h	0.1011	+0.078%	$312K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1011	+0.134%	$320K	$478K	10x	as long as short
Hyperliquid DOGE	+0.0859%	1h	0.1012	+0.244%	$122.3M	$93.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1011	+0.119%	$5K	$239K	12x	as long as short