Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0695%/8h= +76.1% APRpaid last 24h +0.189%

Price spread now: RISEx against Kalshi−0.382%7-day average +0.072% · 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−$84as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Kalshi Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.453%+$45 on $10k

Price spread, last 4 days (all we have)+0.551%+$55 · spread now −0.382%, 7d avg +0.072%

Together, before fees+1.004%+$100 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.454% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.382% now, against its 7-day average of +0.072%). If the spread goes back, that is −$45 on $10k: about 2.2 days of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXDOGEPERP	0.1011	0	get 0.0000% / 8h	7m 36s	$453K	$5.3M	2.8x
Short	RISEx DOGE/USDC	0.1007	0.0695	get 0.0087% / 1h	7m 36s	$408K	$415K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Kalshi. 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 KalshibpFee RISExbpOrdersPrice spread, now −0.382%Rate

Funding earned: $145.93
Price spread: −0.382% → +0.072%: −$45.37
Slippage, 4 orders: −$22.57
Fee Kalshi: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $61.99
Costs to cover: 0.386%
Break-even: 4.0 days

Slippage from Kalshi: live order book, 1 min ago; RISEx: live order book, 51 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 Kalshi live order book, 1 min ago	7.74 bp	12.7 bp −$13	18.5 bp −$185	doesn't fit	doesn't fit
Sell RISEx live order book, 51 min ago	3.54 bp	6.5 bp −$7	12.6 bp −$126	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
Kraken Futures PF_DOGEUSD	−0.0031%	1h	0.1007	−0.378%	$5.7M	$35.8M	50x	as long as short
Bitget DOGEUSDT	−0.0029%	8h	0.1007	−0.382%	$152.1M	$278.1M	75x	as long as short
Kalshi KXDOGEPERPlong	0.0000%	8h	0.1011	long leg	$453K	$5.3M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1007	−0.440%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0012%	1h	0.1007	−0.451%	$226K	$49K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0038%	1h	0.1008	−0.356%	$602K	$119K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1009	−0.265%	$736K	$6.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1007	−0.431%	$1K	$464K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1008	−0.357%	$529K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1008	−0.311%	$4.7M	$50.1M	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	0.1008	−0.370%	$326K	$484K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1008	−0.370%	$327.5M	$1.48B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	−0.362%	$165.2M	$452.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	−0.362%	$115.6M	$1.03B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.802%	$385K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1006	−0.481%	$248.2M	$136.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1007	−0.431%	$112.7M	$236.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1008	−0.303%	$67.2M	$44.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1007	−0.451%	—	$77.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1007	−0.421%	$320K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	−0.148%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1010	−0.090%	$306K	$131.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1011	−0.002%	$642K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1011	−0.026%	$147K	$290K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1008	−0.342%	$262K	$876K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1008	−0.352%	$71K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1007	−0.373%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1007	−0.399%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	−0.362%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1007	−0.437%	$6.0M	$59.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1007	−0.382%	$92.6M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1007	−0.405%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1006	−0.484%	$496K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	−0.357%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0190%	1h	0.1008	−0.325%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.1007	−0.418%	$537	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1012	+0.073%	$15.9M	$25.7M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1010	−0.137%	$66K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0269%	1h	0.1006	−0.473%	$315K	—	200x	as long as short
Hyperliquid DOGE	+0.0262%	1h	0.1009	−0.233%	$123.3M	$102.2M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.1007	−0.401%	$2.3M	$27.8M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.1008	−0.332%	$110K	$199K	10x	as long as short
RISEx DOGE/USDCshort	+0.0695%	1h	0.1007	−0.382%	$408K	$415K	10x
Injective DOGE/USDC PERP	+0.1004%	1h	0.1012	+0.073%	$5K	$239K	12x	as long as short