Settings8H · net · $10k
Funding arb · Price arb /

DOGE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h +0.011%
Price spread now: KuCoin against Deribit−0.019%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$370.374% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.133%+$13 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.019%, 7d avg −0.005%
Together, before fees+0.121%+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.133%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit DOGE_USDC-PERPETUAL0.097870.0190pay 0.0024% / 1h4m 34s$548K$292K25x
ShortKuCoin DOGEUSDTM0.097850.0100get 0.0100% / 8h5h 04m$63.9M$45.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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

Funding earned
−$18.9
Price spread: −0.019% → −0.005%
−$1.48
Slippage, 4 orders
−$18.39
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$57.77
Costs to cover
0.374%
Break-even
never at this rate
Slippage from Deribit: live order book, 42 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 42 min ago2.54 bp10.0 bp −$1016.4 bp −$164doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago1.02 bp10.7 bp −$1116.6 bp −$16643.4 bp −$4,341doesn't fit

DOGE on 44 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_DOGEUSD−0.0140%1h0.09784−0.033%$5.3M$39.1M50xas long as short
Bitget DOGEUSDT−0.0048%8h0.09778−0.091%$138.2M$292.5M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09781−0.058%$501K$6.1M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09779−0.077%$32K150xas long as short
Bybit DOGEUSDT+0.0003%8h0.09781−0.060%$164.6M$493.7M75xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+7.593%$6K$240K12xas long as short
Gate DOGE_USDT+0.0068%8h0.09781−0.060%$252.2M$147.4M75xas long as short
Phoenix DOGE+0.0081%1h0.09785−0.024%$18K$311K10xas long as short
Lighter DOGE+0.0096%1h0.09790+0.029%$804K$6.4M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.09782−0.050%$937$536K10xas long as short
Show all 44 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex DOGE-USD-PERP+0.0100%8h0.09780−0.068%$18K$5K30xas long as short
Nado DOGE-PERP+0.0100%1h0.09784−0.030%$509K$1.1M10xas long as short
Hyperliquid DOGE+0.0100%1h0.09793+0.062%$121.1M$107.3M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09786−0.012%$4.9M$57.5M75xas long as short
Pacifica DOGE+0.0100%1h0.09785−0.019%$309K$442K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09787−0.002%$323.3M$1.60B75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09786−0.009%$117.0M$1.09B50xas long as short
Arcus DOGE-USD+0.0100%1h0.09790+0.032%$15K$308K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09784−0.027%$374K$5K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.09783−0.040%$112.8M$252.2M300xas long as short
KuCoin DOGEUSDTMshort+0.0100%8h0.09785−0.019%$63.9M$45.0M75x
BingX DOGE-USDT+0.0100%8h0.09783−0.040%$46.0Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09782−0.050%$309K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.09778−0.092%$1.3M$7.6Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09779−0.080%$256K$125.5M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09778−0.091%$616K$3.9M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09780−0.071%$138K$345K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09783−0.043%$216K$1.2M10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09782−0.050%$67K$423K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09779−0.084%$18K$6K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09788+0.016%$34K$1.9M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09784−0.030%$3K$5.2M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09790+0.029%$5.9M$64.7M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09782−0.050%$89.2M$15.5M50xas long as short
Extended DOGE-USD+0.0104%1h0.09779−0.077%$479K$3.4M50xas long as short
01 Exchange DOGEUSD+0.0104%1h0.09790+0.030%$451$4K10xas long as short
Aevo DOGE-PERP+0.0104%1h0.09783−0.038%$19K3xas long as short
dYdX DOGE-USD+0.0145%1h0.09780−0.069%$230K$75K10xas long as short
Deribit DOGE_USDC-PERPETUALlong+0.0190%1h0.09787long leg$548K$292K25x
Reya DOGERUSDPERP+0.0208%1h0.09782−0.052%$2K20xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0211% / S −0.0187%1h0.09784−0.034%$286K200xas long as short
BloFin DOGE-USDT+0.0220%8h0.09782−0.050%$15.4M$25.6M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0264%1h0.09786−0.009%$2.3M$32.8M50xas long as short
RISEx DOGE/USDC+0.0587%1h0.09789+0.021%$406K$390K10xas long as short