Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0728%/8h= −79.7% APRpaid last 24h −0.192%

Price spread now: Kalshi against RISEx+0.267%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on RISEx Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.462%−$46 on $10k

Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.267%, 7d avg −0.072%

Together, before fees−0.761%−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.339% dearer against RISEx than usual: you sell high and buy low (spread +0.267% now, against its 7-day average of −0.072%): +$34 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.1008	0.0728	pay 0.0091% / 1h	5m 25s	$406K	$433K	10x
Short	Kalshi KXDOGEPERP	0.1011	0	get 0.0000% / 8h	7h 05m	$662K	$6.4M	2.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against RISEx. 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 RISExbpFee KalshibpOrdersPrice spread, now +0.267%Rate

Funding earned: −$152.88
Price spread: +0.267% → −0.072%: $33.89
Slippage, 4 orders: −$22.45
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$157.44
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from RISEx: live order book, 48 min ago; Kalshi: 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 RISEx live order book, 48 min ago	4.26 bp	7.3 bp −$7	18.4 bp −$184	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	6.87 bp	12.0 bp −$12	19.2 bp −$192	doesn't fit	doesn't fit

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
Kalshi KXDOGEPERPshort	0.0000%	8h	0.1011	+0.267%	$662K	$6.4M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1008	−0.063%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0017%	1h	0.1008	+0.009%	$226K	$70K	10x	as long as short
Bitget DOGEUSDT	+0.0095%	8h	0.1008	−0.084%	$130.8M	$319.3M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1009	+0.026%	$747K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1008	−0.035%	$553K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1008	−0.049%	$4.8M	$55.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1008	−0.054%	$322K	$520K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1008	−0.045%	$329.7M	$1.63B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1007	−0.094%	$163.4M	$505.6M	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-SWAP	+0.0100%	8h	0.1007	−0.094%	$115.1M	$1.15B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1016	+0.778%	$390K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1007	−0.094%	$247.4M	$148.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1008	−0.035%	$114.5M	$248.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1008	−0.045%	$66.3M	$48.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1008	−0.015%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1010	+0.144%	$326K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.141%	$1.1M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	−0.028%	$322K	$136.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1007	−0.110%	$637K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1008	−0.035%	$151K	$332K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1007	−0.114%	$261K	$1.1M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1010	+0.154%	$66K	$463K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	+0.124%	$19K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1011	+0.234%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1010	+0.193%	$2K	$5.1M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	+0.154%	$6.0M	$65.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1010	+0.183%	$92.9M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1009	+0.023%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1007	−0.090%	$486K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1010	+0.157%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0119%	8h	0.1007	−0.104%	$1K	$509K	10x	as long as short
Reya DOGERUSDPERP	+0.0193%	1h	0.1007	−0.103%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1008	−0.005%	$16.3M	$26.9M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.1008	−0.041%	$448	$4K	10x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1015	+0.642%	$18K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0249%	1h	0.1010	+0.174%	$5.5M	$39.8M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0254% / S −0.0292%	1h	0.1010	+0.116%	$330K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1010	+0.183%	$2.1M	$33.6M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0324%	1h	0.1011	+0.217%	$573K	$247K	25x	as long as short
Hyperliquid DOGE	+0.0390%	1h	0.1008	−0.005%	$125.5M	$112.6M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1009	+0.045%	$109K	$207K	10x	as long as short
RISEx DOGE/USDClong	+0.0728%	1h	0.1008	long leg	$406K	$433K	10x
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+4.428%	$6K	$242K	12x	as long as short