Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against SoDEX+0.048%7-day average −0.006% · 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−$24as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.048%, 7d avg −0.006%

Together, before fees−0.058%−$6 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: KuCoin is 0.054% dearer against SoDEX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.1049	0.0100	pay 0.0013% / 1h	40m 00s	$2K	$4.9M	10x
Short	KuCoin DOGEUSDTM	0.1049	0.0100	get 0.0100% / 8h	3h 40m	$69.0M	$47.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.006%: $5.37
Slippage, 4 orders: −$9.82
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$24.46
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 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 SoDEX live order book, 4 min ago	0.48 bp	4.5 bp −$4	8.1 bp −$81	134.5 bp −$13.4K	doesn't fit
Sell KuCoin live order book, 4 min ago	1.43 bp	9.2 bp −$9	15.1 bp −$151	40.4 bp −$4,043	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
dYdX DOGE-USD	0.0000%	1h	0.1048	−0.044%	$235K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1049	+0.033%	$730K	$6.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1049	+0.048%	$25K	—	150x	as long as short
Bitget DOGEUSDT	+0.0021%	8h	0.1049	+0.048%	$141.0M	$310.7M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1049	+0.043%	$754K	$6.4M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1050	+0.162%	$570K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1049	−0.009%	$5.0M	$53.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1048	−0.016%	$339K	$510K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1049	+0.085%	$348.8M	$1.58B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1049	+0.057%	$173.7M	$488.9M	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	0.1050	+0.086%	$120.2M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1048	−0.024%	$403K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1049	+0.010%	$259.0M	$142.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1049	+0.067%	$118.2M	$240.7M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.1049	+0.048%	$69.0M	$47.6M	75x
BingX DOGE-USDT	+0.0100%	8h	0.1048	−0.076%	—	$78.6M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1049	+0.010%	$354K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1048	−0.070%	$1.2M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1049	+0.014%	$335K	$134.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1048	−0.041%	$664K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1049	+0.038%	$164K	$318K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1049	+0.019%	$267K	$892K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1049	0.000%	$74K	$444K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1049	+0.034%	$26K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1049	+0.024%	$37K	$2.2M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.1049	long leg	$2K	$4.9M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1049	+0.004%	$6.2M	$63.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1049	+0.029%	$96.4M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.1048	−0.024%	$19K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1049	+0.024%	$507K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1053	+0.396%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0124%	8h	0.1048	−0.038%	$880	$490K	10x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1050	+0.174%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1050	+0.105%	$16.6M	$27.5M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1049	+0.079%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0240%	1h	0.1048	−0.013%	$5.6M	$38.2M	50x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1049	+0.058%	$467	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0261% / S −0.0320%	1h	0.1049	+0.065%	$346K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1049	+0.057%	$2.2M	$32.6M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0389%	1h	0.1048	−0.010%	$591K	$242K	25x	as long as short
Hyperliquid DOGE	+0.0558%	1h	0.1050	+0.124%	$131.0M	$108.2M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1049	+0.067%	$114K	$200K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1049	+0.037%	$423K	$426K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+0.420%	$6K	$242K	12x	as long as short