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: MEXC against KuCoin−0.020%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

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

costs, in and out, $10k−$190.189% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.020%, 7d avg +0.010%

Together, before fees+0.016%+$2 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: MEXC is 0.030% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGEUSDTM	0.1008	0.0100	pay 0.0100% / 8h	7h 22m	$66.1M	$42.4M	75x
Short	MEXC DOGE_USDT	0.1008	0.0100	get 0.0100% / 8h	7h 22m	$113.7M	$224.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.010%: −$3
Slippage, 4 orders: −$6.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$21.87
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; MEXC: 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 KuCoin live order book, 6 min ago	0.99 bp	9.2 bp −$9	15.7 bp −$157	44.4 bp −$4,444	doesn't fit
Sell MEXC live order book, 1 min ago	0.50 bp	0.5 bp $0	2.0 bp −$20	8.6 bp −$865	34.3 bp −$17.2K

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	−0.0177%	8h	0.1007	−0.109%	$153.0M	$270.9M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1010	+0.191%	$6.1M	$33.9M	50x	as long as short
Phemex DOGEUSDT	−0.0003%	8h	0.1010	+0.188%	$93.2M	$17.8M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	+0.179%	$409K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1011	+0.252%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0015%	1h	0.1009	+0.082%	$227K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0037%	1h	0.1011	+0.236%	$608K	$121K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1010	+0.156%	$794K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1011	+0.238%	$844	$412K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1010	+0.193%	$518K	$971K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1008	+0.006%	$5.0M	$46.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1010	+0.159%	$336K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1009	+0.080%	$320.6M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	−0.060%	$160.1M	$438.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	−0.030%	$111.4M	$972.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1011	+0.278%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1007	−0.116%	$386K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1008	−0.050%	$245.3M	$129.6M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.1008	−0.020%	$113.7M	$224.8M	300x
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.1008	long leg	$66.1M	$42.4M	75x
BingX DOGE-USDT	+0.0100%	8h	0.1008	−0.010%	—	$76.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1010	+0.198%	$366K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.226%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1009	+0.124%	$265K	$124.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1010	+0.159%	$633K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1008	−0.020%	$148K	$268K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1010	+0.188%	$272K	$629K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1010	+0.208%	$73K	$424K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	+0.199%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1011	+0.311%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1010	+0.208%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1011	+0.278%	$6.0M	$52.7M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1010	+0.164%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1008	−0.067%	$532K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1010	+0.206%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0182%	1h	0.1011	+0.232%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1011	+0.244%	$534	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1010	+0.169%	$15.4M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1011	+0.238%	$2.0M	$25.1M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1010	+0.186%	$66K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0272%	1h	0.1011	+0.248%	$317K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1011	+0.272%	$327K	$451K	10x	as long as short
Hyperliquid DOGE	+0.0816%	1h	0.1009	+0.099%	$123.0M	$95.0M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1012	+0.377%	$5K	$239K	12x	as long as short