Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.005%

Price spread now: Kraken Futures against SunX−0.003%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.003%, 7d avg −0.022%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGE-USDT	0.09854	0.0100	pay 0.0100% / 8h	3h 25m	$34K	$1.8M	30x
Short	Kraken Futures PF_DOGEUSD	0.09854	0.0028	get 0.0004% / 1h	25m 43s	$5.3M	$36.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$15.11
Price spread: −0.003% → −0.022%: $1.91
Slippage, 4 orders: −$48.12
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$79.32
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Kraken Futures: live order book, 1 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, 4 min ago	18.57 bp	22.6 bp −$23	27.7 bp −$277	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	1.52 bp	9.7 bp −$10	12.7 bp −$127	29.6 bp −$2,959	204.1 bp −$102.0K

DOGE on 44 exchanges

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	−0.0049%	8h	0.09836	−0.182%	$138.7M	$284.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09850	−0.036%	$514K	$6.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09852	−0.020%	$38K	—	150x	as long as short
dYdX DOGE-USD	+0.0015%	1h	0.09845	−0.091%	$231K	$75K	10x	as long as short
Bybit DOGEUSDT	+0.0015%	8h	0.09835	−0.192%	$166.1M	$485.9M	75x	as long as short
Kraken Futures PF_DOGEUSDshort	+0.0028%	1h	0.09854	−0.003%	$5.3M	$36.9M	50x
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.861%	$6K	$239K	12x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0065%	1h	0.09855	+0.007%	$548K	$294K	25x	as long as short
Phoenix DOGE	+0.0082%	1h	0.09818	−0.365%	$18K	$303K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09851	−0.031%	$813K	$6.0M	15x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps DOGE-USD	+0.0100%	8h	0.09852	−0.019%	$943	$527K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09846	−0.083%	$18K	$5K	30x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09854	+0.006%	$512K	$1.0M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09853	−0.008%	$122.2M	$103.5M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09841	−0.131%	$4.9M	$57.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09849	−0.052%	$315K	$458K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09838	−0.158%	$324.8M	$1.59B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09842	−0.121%	$117.0M	$1.09B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09852	−0.019%	$16K	$308K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09800	−0.548%	$374K	$3K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09836	−0.182%	$250.8M	$143.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09839	−0.151%	$118.5M	$254.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09839	−0.151%	$64.9M	$44.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09839	−0.151%	—	$45.8M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09843	−0.111%	$317K	$1.0M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09803	−0.513%	$1.2M	$7.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09807	−0.472%	$258K	$123.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09810	−0.444%	$623K	$3.9M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09830	−0.243%	$139K	$337K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09851	−0.027%	$188K	$1.3M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09849	−0.050%	$68K	$385K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09850	−0.043%	$18K	$6K	10x	as long as short
SunX DOGE-USDTlong	+0.0100%	8h	0.09854	long leg	$34K	$1.8M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.09852	−0.019%	$2K	$5.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09863	+0.090%	$6.0M	$64.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09848	−0.060%	$89.3M	$15.9M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09832	−0.222%	$504K	$3.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09851	−0.030%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0152%	1h	0.09860	+0.066%	$454	$2K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0206% / S −0.0199%	1h	0.09851	−0.030%	$277K	—	200x	as long as short
Reya DOGERUSDPERP	+0.0213%	1h	0.09853	−0.014%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09841	−0.131%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09859	+0.052%	$2.2M	$33.2M	50x	as long as short
RISEx DOGE/USDC	+0.0554%	1h	0.09860	+0.066%	$408K	$370K	10x	as long as short