Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.043%

Price spread now: Kalshi against 01 Exchange+0.130%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kalshi is 0.130% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange DOGEUSD	0.1002	0.0184	pay 0.0023% / 1h	27m 24s	$529	$4K	10x
Short	Kalshi KXDOGEPERP	0.1003	0	get 0.0000% / 8h	5h 27m	$417K	$4.7M	2.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against 01 Exchange. 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 01 ExchangebpFee KalshibpOrdersPrice spread, now +0.130%Rate

Funding earned: −$38.64
Price spread: +0.130% → 0.000%: $12.98
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$42.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Kalshi: live order book, 1 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 1 min ago	6.45 bp	12.1 bp −$12	17.8 bp −$178	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0266%	8h	0.1002	+0.021%	$153.0M	$266.0M	75x	as long as short
Kalshi KXDOGEPERPshort	0.0000%	8h	0.1003	+0.130%	$417K	$4.7M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1002	−0.005%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0007%	1h	0.09994	−0.222%	$224K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09976	−0.399%	$66K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0091%	8h	0.1001	−0.039%	$240.6M	$123.7M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1000	−0.135%	$785K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1001	−0.089%	$2K	$368K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	−0.044%	$570K	$853K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1002	−0.006%	$4.9M	$43.5M	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	0.09999	−0.165%	$334K	$508K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	+0.008%	$319.1M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	+0.011%	$160.1M	$418.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	+0.061%	$109.1M	$927.6M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1002	+0.021%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	−0.501%	$382K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	−0.049%	$110.7M	$217.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	−0.049%	$65.9M	$40.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1002	+0.031%	—	$74.6M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09974	−0.416%	$947K	$8.0M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1000	−0.147%	$276K	$115.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	−0.019%	$630K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.159%	$146K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1001	−0.029%	$267K	$540K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	+0.091%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	+0.090%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.089%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	+0.051%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09999	−0.174%	$6.0M	$50.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09994	−0.219%	$92.6M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1001	−0.079%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	+0.068%	$555K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1003	+0.121%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0119%	1h	0.1003	+0.120%	$607K	$109K	25x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1001	−0.068%	$2K	—	20x	as long as short
01 Exchange DOGEUSDlong	+0.0184%	1h	0.1002	long leg	$529	$4K	10x
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1003	+0.171%	$2.0M	$23.5M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	+0.011%	$15.5M	$24.9M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.1002	−0.009%	$313K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0364%	1h	0.1002	+0.063%	$6.0M	$32.7M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0395%	1h	0.09995	−0.209%	$534K	$953K	15x	as long as short
Hyperliquid DOGE	+0.0415%	1h	0.1002	+0.081%	$110.7M	$82.6M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1002	+0.030%	$314K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1003	+0.141%	$5K	$207K	12x	as long as short