Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0647%/8h= −70.8% APRpaid last 24h −0.159%

Price spread now: KuCoin against RISEx−0.060%7-day average −0.051% · 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−$30as in the Price arb table

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

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.328%−$33 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.060%, 7d avg −0.051%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.09999	0.0747	pay 0.0093% / 1h	50m 01s	$403K	$367K	10x
Short	KuCoin DOGEUSDTM	0.09993	0.0100	get 0.0100% / 8h	5h 50m	$66.0M	$43.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$135.84
Price spread: −0.060% → −0.051%: −$0.85
Slippage, 4 orders: −$11.59
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$166.29
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from RISEx: live order book, 13 min ago; KuCoin: live order book, 4 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, 13 min ago	2.51 bp	5.5 bp −$6	13.7 bp −$137	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.00 bp	10.6 bp −$11	17.4 bp −$174	41.6 bp −$4,163	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
Bitget DOGEUSDT	−0.0092%	8h	0.09989	−0.100%	$151.4M	$273.7M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1002	+0.225%	$225K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09993	−0.058%	$445K	$5.1M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09979	−0.200%	$596K	$118K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09984	−0.146%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09994	−0.054%	$812K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09994	−0.050%	$835	$434K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09989	−0.100%	$532K	$990K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09985	−0.142%	$4.7M	$48.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1003	+0.301%	$330K	$482K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09993	−0.060%	$319.7M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09992	−0.070%	$160.4M	$439.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09994	−0.050%	$111.2M	$986.8M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	−0.090%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09987	−0.120%	$242.8M	$131.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1000	+0.040%	$113.6M	$229.2M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.09993	−0.060%	$66.0M	$43.2M	75x
BingX DOGE-USDC	+0.0100%	8h	0.1001	+0.060%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09984	−0.150%	$329K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1005	+0.495%	$1.0M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09988	−0.106%	$296K	$129.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.088%	$637K	$4.4M	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09983	−0.158%	$256K	$731K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09985	−0.140%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09983	−0.162%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09989	−0.096%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09983	−0.160%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09985	−0.143%	$5.9M	$56.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09986	−0.130%	$92.0M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09994	−0.051%	$558K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09973	−0.263%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0105%	8h	0.1004	+0.419%	$18K	$6K	30x	as long as short
ApeX Omni DOGEUSDT	+0.0169%	1h	0.09980	−0.190%	$146K	$274K	25x	as long as short
Reya DOGERUSDPERP	+0.0186%	1h	0.09984	−0.151%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09993	−0.059%	$533	$4K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1006	+0.567%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09983	−0.155%	$311K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09986	−0.130%	$2.3M	$26.0M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09982	−0.169%	$5.7M	$35.0M	50x	as long as short
Hyperliquid DOGE	+0.0420%	1h	0.09997	−0.018%	$121.8M	$99.8M	10x	as long as short
RISEx DOGE/USDClong	+0.0747%	1h	0.09999	long leg	$403K	$367K	10x
Arcus DOGE-USD	+0.0781%	1h	0.1001	+0.150%	$129K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1006	+0.610%	$5K	$239K	12x	as long as short