Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0647%/8h= −70.8% APRpaid last 24h −0.159%

Price spread now: KuCoin against RISEx−0.136%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.335%−$33 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.136%, 7d avg −0.050%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and KuCoin is 0.086% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09914	0.0747	pay 0.0093% / 1h	4m 29s	$400K	$391K	10x
Short	KuCoin DOGEUSDTM	0.09900	0.0100	get 0.0100% / 8h	5h 04m	$65.5M	$43.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$135.84
Price spread: −0.136% → −0.050%: −$8.65
Slippage, 4 orders: −$12.52
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$175.01
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from RISEx: live order book, 59 min ago; KuCoin: live order book, 5 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 RISEx live order book, 59 min ago	2.51 bp	5.5 bp −$6	13.7 bp −$137	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.01 bp	9.9 bp −$10	13.9 bp −$139	34.2 bp −$3,419	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	−0.0071%	8h	0.09897	−0.166%	$149.6M	$274.3M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09908	−0.055%	$222K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09902	−0.120%	$428K	$5.2M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09889	−0.244%	$591K	$118K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09887	−0.267%	$23K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09914	+0.001%	$750K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09909	−0.045%	$895	$444K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09903	−0.101%	$527K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09910	−0.036%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09914	+0.003%	$326K	$484K	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	0.09904	−0.101%	$316.8M	$1.45B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09898	−0.156%	$159.5M	$441.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09901	−0.126%	$110.2M	$986.1M	50x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09907	−0.066%	$242.4M	$134.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09908	−0.055%	$110.1M	$232.3M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.09900	−0.136%	$65.5M	$43.4M	75x
BingX DOGE-USDT	+0.0100%	8h	0.09909	−0.045%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09900	−0.136%	$322K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09887	−0.272%	$979K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09916	+0.024%	$294K	$128.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09944	+0.311%	$633K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	+0.267%	$145K	$281K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09902	−0.113%	$252K	$749K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09889	−0.247%	$69K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09888	−0.258%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09892	−0.212%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09891	−0.227%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09889	−0.246%	$5.9M	$56.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09903	−0.106%	$91.1M	$16.6M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09900	−0.136%	$379K	$0	10x	as long as short
Paradex DOGE-USD-PERP	+0.0102%	8h	0.09906	−0.078%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09907	−0.066%	$496K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09887	−0.267%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0188%	1h	0.09903	−0.104%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09914	0.000%	$528	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09891	−0.227%	$15.5M	$25.0M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09916	+0.024%	$64K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09886	−0.280%	$310K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09911	−0.025%	$2.3M	$26.4M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0309%	1h	0.09893	−0.204%	$5.7M	$35.4M	50x	as long as short
Hyperliquid DOGE	+0.0497%	1h	0.09910	−0.038%	$120.7M	$99.5M	10x	as long as short
RISEx DOGE/USDClong	+0.0747%	1h	0.09914	long leg	$400K	$391K	10x
Arcus DOGE-USD	+0.0781%	1h	0.09920	+0.066%	$117K	$189K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09960	+0.469%	$5K	$239K	12x	as long as short