Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0792%/8h= −86.7% APRpaid last 24h −0.195%

Price spread now: KuCoin against Injective−0.339%7-day average −0.195% · you buy dearer than you sell

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$800.802% of the position

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.543%−$154 on $10k

Price spread, last 3 days (all we have)+0.384%+$38 · spread now −0.339%, 7d avg −0.195%

Together, before fees−1.159%−$116 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and KuCoin is 0.143% cheaper against Injective than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.195%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DOGE/USDC PERP	0.1004	0.0892	pay 0.0112% / 1h	31m 10s	$5K	$127K	12x
Short	KuCoin DOGEUSDTM	0.1001	0.0100	get 0.0100% / 8h	3h 31m	$66.3M	$37.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −0.339%Rate

Funding earned: −$166.35
Price spread: −0.339% → −0.195%: −$14.33
Slippage, 4 orders: −$68.19
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$260.88
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from Injective: live order book, 18 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 Injective live order book, 18 min ago	30.33 bp	30.3 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.99 bp	9.0 bp −$9	16.1 bp −$161	36.1 bp −$3,612	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
Bitget DOGEUSDT	−0.0262%	8h	0.09996	−0.438%	$154.0M	$255.8M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0035%	1h	0.1001	−0.318%	$5.9M	$28.6M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	−0.182%	$349K	$4.2M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1001	−0.337%	$625K	$88K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1001	−0.292%	$33K	—	150x	as long as short
dYdX DOGE-USD	+0.0028%	1h	0.09995	−0.446%	$224K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0080%	8h	0.1000	−0.378%	$235.6M	$118.1M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1009	+0.530%	$18K	$207K	10x	as long as short
Katana Perps DOGE-USD	+0.0093%	8h	0.1001	−0.339%	$2K	$319K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1001	−0.279%	$805K	$4.9M	15x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1001	−0.299%	$4.7M	$39.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	−0.339%	$358K	$504K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.343%	$320.5M	$1.23B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1001	−0.329%	$157.3M	$389.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.319%	$108.9M	$884.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1001	−0.269%	$28K	$75K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	+0.073%	$385K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	−0.349%	$145.6M	$197.6M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.1001	−0.339%	$66.3M	$37.9M	75x
BingX DOGE-USDC	+0.0100%	8h	0.1001	−0.309%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.584%	$997K	$7.3M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	−0.162%	$260K	$107.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1002	−0.158%	$635K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	−0.199%	$144K	$216K	25x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1000	−0.349%	$712K	$659K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1000	−0.369%	$281K	$564K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	−0.329%	$73K	$360K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1001	−0.346%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	−0.257%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1001	−0.339%	$2K	$3.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	−0.319%	$6.0M	$44.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1000	−0.369%	$93.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1000	−0.393%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1000	−0.349%	$561K	$3.4M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	−0.014%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0171%	1h	0.1001	−0.311%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1002	−0.207%	$529	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	−0.329%	$15.1M	$22.3M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.1001	−0.259%	$2.0M	$21.7M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0271%	1h	0.1001	−0.311%	$314K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0389%	1h	0.1002	−0.249%	$528K	$810K	15x	as long as short
RISEx DOGE/USDC	+0.0530%	1h	0.1002	−0.249%	$316K	$485K	10x	as long as short
Injective DOGE/USDC PERPlong	+0.0892%	1h	0.1004	long leg	$5K	$127K	12x
Hyperliquid DOGE	+0.1218%	1h	0.1003	−0.080%	$121.8M	$67.8M	10x	as long as short