DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against SunX−0.030%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$670.665% of the position

Long on SunX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.030%, 7d avg −0.078%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.048% dearer against SunX than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.078%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGE-USDT	0.09985	0.0100	pay 0.0100% / 8h	1h 29m	$35K	$2.2M	30x
Short	Kalshi KXDOGEPERP	0.09982	0	get 0.0000% / 8h	5h 29m	$415K	$4.7M	2.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against SunX. 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 SunXbpFee KalshibpOrdersPrice spread, now −0.030%Rate

Funding earned: −$21
Price spread: −0.030% → −0.078%: $4.78
Slippage, 4 orders: −$48.51
Fee SunX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$82.73
Costs to cover: 0.665%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Kalshi: 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 SunX live order book, 6 min ago	17.55 bp	21.6 bp −$22	28.6 bp −$286	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	3.25 bp	12.3 bp −$12	20.0 bp −$200	doesn't fit	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	−0.0268%	8h	0.09984	−0.008%	$152.5M	$265.8M	75x	as long as short
Kalshi KXDOGEPERPshort	0.0000%	8h	0.09982	−0.030%	$415K	$4.7M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09977	−0.076%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0008%	1h	0.09973	−0.116%	$224K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1003	+0.499%	$19K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0089%	8h	0.09985	+0.002%	$239.9M	$123.5M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.09986	+0.009%	$781K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09971	−0.138%	$2K	$366K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09970	−0.148%	$567K	$851K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09983	−0.020%	$5.1M	$43.2M	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	0.09975	−0.103%	$334K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09991	+0.062%	$318.7M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09990	+0.052%	$159.8M	$417.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09994	+0.092%	$108.8M	$923.6M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09976	−0.088%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	−0.191%	$382K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09989	+0.042%	$109.4M	$216.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09992	+0.072%	$65.1M	$40.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09987	+0.022%	—	$74.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09974	−0.106%	$947K	$8.0M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.402%	$279K	$115.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+0.803%	$634K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.353%	$147K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09970	−0.149%	$266K	$540K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09979	−0.058%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09979	−0.060%	$24K	$1K	10x	as long as short
SunX DOGE-USDTlong	+0.0100%	8h	0.09985	long leg	$35K	$2.2M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.09982	−0.028%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09980	−0.046%	$6.0M	$50.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09979	−0.058%	$92.4M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09975	−0.098%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09992	+0.068%	$551K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09982	−0.028%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0161%	1h	0.09984	−0.010%	$604K	$109K	25x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.09973	−0.117%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09977	−0.079%	$527	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09984	−0.008%	$2.0M	$23.4M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09973	−0.118%	$15.4M	$24.8M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.09978	−0.071%	$312K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0365%	1h	0.09982	−0.027%	$5.9M	$32.7M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0382%	1h	0.09985	+0.002%	$533K	$953K	15x	as long as short
Hyperliquid DOGE	+0.0410%	1h	0.1000	+0.182%	$110.3M	$82.5M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.09979	−0.057%	$313K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1002	+0.353%	$5K	$207K	12x	as long as short