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: OKX against KuCoin−0.115%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days+0.105%+$10 · spread now −0.115%, 7d avg +0.004%

Together, before fees+0.109%+$11 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: OKX is 0.118% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGEUSDTM	0.1045	0.0100	pay 0.0100% / 8h	3h 42m	$68.7M	$47.4M	75x
Short	OKX DOGE-USDT-SWAP	0.1044	0.0100	get 0.0100% / 8h	3h 42m	$120.2M	$1.15B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → +0.004%: −$11.84
Slippage, 4 orders: −$10.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.58
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	1.43 bp	11.6 bp −$12	26.9 bp −$269	53.0 bp −$5,304	doesn't fit
Sell OKX live order book, 2 min ago	0.48 bp	5.9 bp −$6	8.8 bp −$88	16.7 bp −$1,670	37.2 bp −$18.6K

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
dYdX DOGE-USD	0.0000%	1h	0.1045	−0.004%	$235K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1049	+0.343%	$733K	$6.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1045	−0.029%	$25K	—	150x	as long as short
Bitget DOGEUSDT	+0.0016%	8h	0.1043	−0.191%	$140.9M	$309.2M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1045	+0.015%	$749K	$6.4M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1045	−0.010%	$567K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1045	−0.034%	$5.0M	$53.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1045	+0.010%	$338K	$510K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1045	0.000%	$347.4M	$1.57B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1045	−0.067%	$173.1M	$488.0M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.1044	−0.115%	$120.2M	$1.15B	50x
Bulk DOGE-USD	+0.0100%	1h	0.1048	+0.291%	$403K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1045	−0.048%	$258.0M	$142.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1046	+0.019%	$117.2M	$240.3M	300x	as long as short
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.1045	long leg	$68.7M	$47.4M	75x
BingX DOGE-USDC	+0.0100%	8h	0.1045	−0.038%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1049	+0.335%	$354K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1044	−0.108%	$1.2M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1045	−0.005%	$335K	$134.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1048	+0.274%	$664K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1048	+0.258%	$164K	$318K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1044	−0.115%	$268K	$889K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1044	−0.115%	$74K	$444K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1044	−0.081%	$26K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1044	−0.166%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1043	−0.191%	$2K	$4.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1043	−0.232%	$6.2M	$63.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1044	−0.124%	$96.0M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.1044	−0.087%	$19K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1043	−0.220%	$504K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1045	−0.015%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0125%	8h	0.1045	−0.038%	$2K	$485K	10x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1045	−0.053%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1049	+0.383%	$16.5M	$27.5M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1045	−0.061%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0241%	1h	0.1043	−0.244%	$5.6M	$37.9M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0248%	1h	0.1044	−0.088%	$589K	$242K	25x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1046	+0.034%	$465	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0260% / S −0.0320%	1h	0.1045	−0.019%	$344K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1044	−0.134%	$2.2M	$32.3M	50x	as long as short
Hyperliquid DOGE	+0.0553%	1h	0.1046	+0.048%	$129.9M	$107.8M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1046	+0.077%	$113K	$200K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1045	−0.001%	$422K	$426K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+0.737%	$6K	$242K	12x	as long as short