Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Bulk+0.575%7-day average −0.011% · 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+$22as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Bulk Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.573%−$57 · spread now +0.575%, 7d avg −0.011%

Together, before fees−0.573%−$57 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 0.585% dearer against Bulk than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09955	0.0100	pay 0.0013% / 1h	2m 49s	$382K	$16K	10x
Short	KuCoin DOGEUSDTM	0.1001	0.0100	get 0.0100% / 8h	2h 02m	$66.5M	$50.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bulk. 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 BulkbpFee KuCoinbpOrdersPrice spread, now +0.575%Rate

Funding earned: $0
Price spread: +0.575% → −0.011%: $58.53
Slippage, 4 orders: −$17.69
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $21.84
Costs to cover: 0.367%
Break-even: from the start

Slippage from Bulk: live order book, 46 min ago; KuCoin: live order book, 6 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 Bulk live order book, 46 min ago	5.01 bp	8.5 bp −$9	8.5 bp −$85	14.9 bp −$1,492	27.2 bp −$13.6K
Sell KuCoin live order book, 6 min ago	1.50 bp	10.1 bp −$10	17.9 bp −$179	44.8 bp −$4,478	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 KXDOGEPERP	0.0000%	8h	0.1001	+0.535%	$597K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1001	+0.517%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.1002	+0.607%	$5.6M	$40.3M	50x	as long as short
dYdX DOGE-USD	+0.0024%	1h	0.1000	+0.469%	$225K	$69K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0041%	1h	0.10000	+0.452%	$268K	$1.2M	10x	as long as short
Bitget DOGEUSDT	+0.0094%	8h	0.1000	+0.464%	$142.9M	$343.4M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.662%	$855K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1000	+0.474%	$540K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1001	+0.557%	$4.4M	$58.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	+0.555%	$320K	$514K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1001	+0.575%	$329.0M	$1.70B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1001	+0.514%	$165.6M	$519.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	+0.545%	$118.1M	$1.19B	50x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09955	long leg	$382K	$16K	10x
Gate DOGE_USDT	+0.0100%	8h	0.1001	+0.535%	$249.8M	$155.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	+0.595%	$112.3M	$257.7M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.1001	+0.575%	$66.5M	$50.0M	75x
BingX DOGE-USDT	+0.0100%	8h	0.1001	+0.555%	—	$80.7M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	+0.605%	$315K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.643%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1001	+0.594%	$314K	$139.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1002	+0.615%	$638K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.655%	$150K	$346K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	+0.575%	$64K	$478K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1001	+0.554%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	+0.562%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	+0.615%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.574%	$5.9M	$68.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	+0.595%	$92.0M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1001	+0.524%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	+0.550%	$487K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	+0.570%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0110%	8h	0.1000	+0.494%	$1K	$527K	10x	as long as short
Hyperliquid DOGE	+0.0115%	1h	0.1002	+0.625%	$124.1M	$116.3M	10x	as long as short
Reya DOGERUSDPERP	+0.0196%	1h	0.1000	+0.485%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.1001	+0.572%	$445	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	+0.615%	$16.1M	$27.1M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.1001	+0.535%	$27K	$300K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1001	+0.594%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0294%	1h	0.1001	+0.516%	$316K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0279%	1h	0.1002	+0.626%	$575K	$252K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1001	+0.514%	$2.0M	$34.5M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.1001	+0.585%	$405K	$453K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.778%	$6K	$242K	12x	as long as short