Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against KuCoin−0.020%7-day average −0.003% · 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−$31as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.020%, 7d avg −0.003%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGEUSDTM	0.09829	0.0100	pay 0.0100% / 8h	5h 43m	$65.1M	$44.7M	75x
Short	SoDEX DOGE-USD	0.09827	0.0100	get 0.0013% / 1h	43m 44s	$2K	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.003%: −$1.78
Slippage, 4 orders: −$9.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$31.33
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; SoDEX: 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	1.02 bp	9.2 bp −$9	17.1 bp −$171	43.5 bp −$4,349	doesn't fit
Sell SoDEX live order book, 3 min ago	0.51 bp	4.5 bp −$5	8.2 bp −$82	152.1 bp −$15.2K	doesn't fit

DOGE on 43 exchanges

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	−0.0140%	1h	0.09829	−0.003%	$5.3M	$38.9M	50x	as long as short
Bitget DOGEUSDT	−0.0042%	8h	0.09821	−0.081%	$139.0M	$294.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09819	−0.099%	$523K	$6.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09819	−0.103%	$33K	—	150x	as long as short
Bybit DOGEUSDT	+0.0009%	8h	0.09820	−0.092%	$165.5M	$491.2M	75x	as long as short
Gate DOGE_USDT	+0.0033%	8h	0.09824	−0.051%	$251.5M	$144.5M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.132%	$6K	$240K	12x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0055%	1h	0.09830	+0.008%	$550K	$292K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09839	+0.105%	$18K	$311K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09836	+0.069%	$818K	$6.4M	15x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps DOGE-USD	+0.0100%	8h	0.09816	−0.132%	$940	$538K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09813	−0.163%	$508K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09837	+0.077%	$121.9M	$108.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09828	−0.015%	$4.8M	$57.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09817	−0.117%	$313K	$436K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09829	+0.004%	$325.3M	$1.59B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09830	+0.010%	$118.3M	$1.10B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09820	−0.092%	$16K	$308K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09832	+0.026%	$375K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09828	−0.010%	$113.4M	$248.1M	300x	as long as short
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.09829	long leg	$65.1M	$44.7M	75x
BingX DOGE-USDC	+0.0100%	8h	0.09819	−0.102%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09828	−0.010%	$306K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09824	−0.051%	$1.3M	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09827	−0.017%	$264K	$132.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09827	−0.021%	$619K	$3.8M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09830	+0.010%	$138K	$343K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09810	−0.188%	$236K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09826	−0.031%	$68K	$413K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09818	−0.114%	$34K	$1.9M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.09827	−0.020%	$2K	$5.2M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09836	+0.067%	$5.9M	$64.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09830	+0.010%	$89.7M	$15.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09814	−0.157%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09822	−0.069%	$483K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09826	−0.035%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0136%	1h	0.09818	−0.116%	$452	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0207%	1h	0.09813	−0.158%	$2K	—	20x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0211% / S −0.0184%	1h	0.09816	−0.135%	$285K	—	200x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09823	−0.061%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0264%	1h	0.09826	−0.031%	$2.2M	$32.7M	50x	as long as short
dYdX DOGE-USD	+0.0294%	1h	0.09823	−0.065%	$231K	$75K	10x	as long as short
RISEx DOGE/USDC	+0.0587%	1h	0.09821	−0.076%	$407K	$401K	10x	as long as short