Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against SoDEX−0.032%7-day average −0.038% · 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−$32as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on SoDEX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.090%−$9 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.032%, 7d avg −0.038%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.09996	0.0100	pay 0.0013% / 1h	53m 28s	$2K	$3.8M	10x
Short	Kalshi KXDOGEPERP	0.09993	0	get 0.0000% / 8h	1h 53m	$394K	$5.0M	2.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against SoDEX. 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 SoDEXbpFee KalshibpOrdersPrice spread, now −0.032%Rate

Funding earned: −$21
Price spread: −0.032% → −0.038%: $0.64
Slippage, 4 orders: −$14.86
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$53.22
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; Kalshi: 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 SoDEX live order book, 1 min ago	0.50 bp	4.6 bp −$5	8.0 bp −$80	145.2 bp −$14.5K	doesn't fit
Sell Kalshi live order book, 5 min ago	3.91 bp	14.8 bp −$15	21.0 bp −$210	doesn't fit	doesn't fit

DOGE on 43 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	−0.0091%	8h	0.09974	−0.220%	$151.0M	$273.3M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09978	−0.185%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERPshort	0.0000%	8h	0.09993	−0.032%	$394K	$5.0M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09974	−0.224%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09988	−0.078%	$812K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09986	−0.100%	$1K	$432K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09985	−0.105%	$532K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09980	−0.160%	$4.7M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09981	−0.148%	$328K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09988	−0.084%	$319.5M	$1.43B	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09985	−0.110%	$159.8M	$437.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09988	−0.080%	$111.2M	$982.6M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	−0.060%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09979	−0.170%	$242.3M	$131.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09984	−0.120%	$114.1M	$228.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09984	−0.120%	$66.0M	$43.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09984	−0.120%	—	$76.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09977	−0.190%	$334K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.289%	$998K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09991	−0.052%	$296K	$128.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09953	−0.429%	$625K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	−0.460%	$146K	$274K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09969	−0.267%	$255K	$730K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09985	−0.110%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09987	−0.089%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09976	−0.196%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.09996	long leg	$2K	$3.8M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09992	−0.038%	$5.9M	$55.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09986	−0.100%	$92.0M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09978	−0.179%	$561K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09992	−0.043%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0105%	8h	0.09986	−0.101%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0130%	1h	0.09993	−0.029%	$597K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0186%	1h	0.09970	−0.258%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.09990	−0.058%	$532	$4K	10x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09951	−0.451%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09972	−0.235%	$310K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09995	−0.010%	$2.3M	$25.9M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09994	−0.020%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0414%	1h	0.09987	−0.092%	$121.6M	$99.5M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09992	−0.040%	$402K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09998	+0.020%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1002	+0.240%	$5K	$239K	12x	as long as short