Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.091%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.091%, 7d avg −0.003%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.093% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGEUSDTM	0.09929	0.0100	pay 0.0100% / 8h	7h 01m	$65.2M	$42.6M	75x
Short	Bybit DOGEUSDT	0.09938	0.0100	get 0.0100% / 8h	7h 01m	$158.5M	$440.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → −0.003%: $9.35
Slippage, 4 orders: −$8.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.89
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 3 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 KuCoin live order book, 3 min ago	1.99 bp	8.0 bp −$8	17.7 bp −$177	52.5 bp −$5,246	doesn't fit
Sell Bybit live order book, 3 min ago	0.50 bp	6.7 bp −$7	7.0 bp −$70	19.5 bp −$1,955	45.9 bp −$22.9K

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	−0.0159%	8h	0.09912	−0.171%	$150.5M	$271.9M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0078%	1h	0.09926	−0.028%	$5.8M	$34.1M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09933	+0.043%	$409K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09920	−0.088%	$597K	$119K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09923	−0.062%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.09952	+0.232%	$223K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09944	+0.153%	$772K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09945	+0.161%	$1K	$426K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09932	+0.029%	$5.2M	$47.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09956	+0.276%	$332K	$512K	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	0.09936	+0.071%	$316.4M	$1.41B	75x	as long as short
Bybit DOGEUSDTshort	+0.0100%	8h	0.09938	+0.091%	$158.5M	$440.1M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09940	+0.111%	$108.9M	$963.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09952	+0.232%	$76K	$124K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1009	+1.655%	$387K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09930	+0.010%	$241.4M	$132.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09931	+0.020%	$109.5M	$227.3M	300x	as long as short
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.09929	long leg	$65.2M	$42.6M	75x
BingX DOGE-USDT	+0.0100%	8h	0.09926	−0.030%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09955	+0.262%	$359K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09930	+0.008%	$981K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.892%	$271K	$125.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+1.370%	$639K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.715%	$146K	$269K	25x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09940	+0.116%	$510K	$971K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09934	+0.054%	$259K	$633K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09925	−0.040%	$74K	$429K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09920	−0.086%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09923	−0.056%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09928	−0.010%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09921	−0.076%	$5.9M	$53.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09934	+0.050%	$91.7M	$17.9M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09917	−0.117%	$526K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09919	−0.100%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0105%	8h	0.09944	+0.151%	$18K	$6K	30x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09944	+0.152%	$525	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0183%	1h	0.09937	+0.083%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09919	−0.101%	$15.4M	$25.4M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09937	+0.081%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1001	+0.817%	$65K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.09928	−0.007%	$312K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.09950	+0.212%	$321K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0739%	1h	0.09953	+0.244%	$120.4M	$96.7M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1004	+1.118%	$5K	$239K	12x	as long as short