Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: KuCoin against Backpack+0.030%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.030%, 7d avg +0.014%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack DOGE_USDC_PERP	0.1003	0.0100	pay 0.0013% / 1h	14m 42s	$322K	$1.2M	15x
Short	KuCoin DOGEUSDTM	0.1003	0.0100	get 0.0100% / 8h	4h 14m	$66.5M	$43.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Backpack. 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 BackpackbpFee KuCoinbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.014%: $1.63
Slippage, 4 orders: −$8.94
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.31
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; KuCoin: 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 Backpack live order book, 4 min ago	0.50 bp	5.9 bp −$6	12.3 bp −$123	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.51 bp	9.2 bp −$9	14.3 bp −$143	36.7 bp −$3,670	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	−0.0035%	8h	0.1003	−0.040%	$151.4M	$276.9M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0031%	1h	0.1003	+0.048%	$5.7M	$35.7M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1003	−0.043%	$395K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1003	+0.023%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0013%	1h	0.1003	+0.006%	$225K	$49K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1004	+0.085%	$736K	$6.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0098%	8h	0.1003	−0.050%	$906	$458K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	−0.040%	$527K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1003	+0.040%	$4.7M	$49.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1004	+0.056%	$325K	$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	0.1004	+0.072%	$324.9M	$1.47B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1003	+0.030%	$164.4M	$448.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1003	+0.020%	$114.3M	$1.02B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	+0.015%	$385K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1003	−0.020%	$247.3M	$135.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1003	+0.040%	$112.4M	$235.9M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.1003	+0.030%	$66.5M	$43.8M	75x
BingX DOGE-USDC	+0.0100%	8h	0.1003	+0.020%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERPlong	+0.0100%	1h	0.1003	long leg	$322K	$1.2M	15x
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.182%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	−0.067%	$304K	$131.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	+0.015%	$632K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1003	0.000%	$146K	$289K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1003	−0.010%	$258K	$870K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	+0.040%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	+0.040%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1003	+0.042%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1003	+0.050%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1003	+0.014%	$6.0M	$58.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1004	+0.060%	$92.3M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1003	+0.016%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1003	−0.008%	$491K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	+0.068%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0149%	1h	0.1004	+0.074%	$600K	$119K	25x	as long as short
Reya DOGERUSDPERP	+0.0190%	1h	0.1003	−0.047%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.1004	+0.084%	$535	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	+0.040%	$15.8M	$25.5M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1003	−0.024%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0269%	1h	0.1003	+0.020%	$314K	—	200x	as long as short
Hyperliquid DOGE	+0.0261%	1h	0.1004	+0.110%	$122.5M	$101.7M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.1004	+0.090%	$2.3M	$27.5M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.1004	+0.130%	$109K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.1004	+0.067%	$405K	$414K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1005	+0.199%	$5K	$239K	12x	as long as short