Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against Nado−0.009%7-day average −0.015% · 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−$39as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Nado Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.009%, 7d avg −0.015%

Together, before fees0.000%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DOGE-PERP	0.09935	0.0100	pay 0.0012% / 1h	56m 41s	$515K	$1.1M	10x
Short	Kalshi KXDOGEPERP	0.09934	0	get 0.0000% / 8h	2h 56m	$515K	$6.6M	2.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Nado. 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 NadobpFee KalshibpOrdersPrice spread, now −0.009%Rate

Funding earned: −$21
Price spread: −0.009% → −0.015%: $0.61
Slippage, 4 orders: −$22.94
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$60.33
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Kalshi: 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 Nado live order book, 2 min ago	1.51 bp	7.5 bp −$8	22.4 bp −$224	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	6.49 bp	11.6 bp −$12	19.3 bp −$193	doesn't fit	doesn't fit

DOGE on 43 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	−0.0052%	1h	0.09951	+0.162%	$5.4M	$40.6M	50x	as long as short
Bitget DOGEUSDT	−0.0023%	8h	0.09923	−0.121%	$140.2M	$347.4M	75x	as long as short
Kalshi KXDOGEPERPshort	0.0000%	8h	0.09934	−0.009%	$515K	$6.6M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09967	+0.324%	$33K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.989%	$6K	$240K	12x	as long as short
Gate DOGE_USDT	+0.0035%	8h	0.09924	−0.111%	$252.5M	$145.7M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09952	+0.170%	$18K	$355K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09939	+0.041%	$826K	$6.5M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09928	−0.070%	$829	$545K	10x	as long as short
Nado DOGE-PERPlong	+0.0100%	1h	0.09935	long leg	$515K	$1.1M	10x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09950	+0.148%	$124.2M	$113.6M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09929	−0.060%	$5.0M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09935	0.000%	$323K	$473K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09927	−0.081%	$327.9M	$1.69B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09926	−0.091%	$167.1M	$521.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09928	−0.070%	$116.6M	$1.17B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09931	−0.040%	$17K	$307K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09931	−0.036%	$379K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09931	−0.040%	$112.7M	$254.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09931	−0.040%	$66.1M	$48.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09928	−0.070%	—	$49.9M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09949	+0.141%	$312K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09958	+0.228%	$1.1M	$8.3M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09948	+0.132%	$265K	$137.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09969	+0.346%	$628K	$4.0M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09970	+0.352%	$142K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09933	−0.020%	$259K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09942	+0.070%	$71K	$451K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09950	+0.149%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09946	+0.111%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09949	+0.138%	$6.0M	$67.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09945	+0.101%	$90.8M	$16.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09937	+0.024%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09924	−0.113%	$483K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09942	+0.073%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0112%	1h	0.09947	+0.118%	$557K	$299K	25x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09931	−0.037%	$457	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0204%	1h	0.09936	+0.011%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09944	+0.091%	$15.4M	$26.8M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0304%	1h	0.09969	+0.343%	$360K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09949	+0.141%	$2.2M	$35.3M	50x	as long as short
RISEx DOGE/USDC	+0.0565%	1h	0.09934	−0.015%	$403K	$450K	10x	as long as short
dYdX DOGE-USD	+0.0589%	1h	0.09925	−0.100%	$233K	$62K	10x	as long as short