Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Kalshi−0.083%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on Kalshi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.083%, 7d avg +0.059%

Together, before fees+0.241%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.142% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.059%). If the spread goes back, that is −$14 on $10k: about 4.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXDOGEPERP	0.09988	0	get 0.0000% / 8h	6h 45m	$645K	$6.4M	2.8x
Short	ApeX Omni DOGEUSDT	0.09980	0.0100	get 0.0013% / 1h	45m 15s	$149K	$338K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kalshi. 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 KalshibpFee ApeX OmnibpOrdersPrice spread, now −0.083%Rate

Funding earned: $21
Price spread: −0.083% → +0.059%: −$14.22
Slippage, 4 orders: −$33.49
Fee Kalshi: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$46.71
Costs to cover: 0.535%
Break-even: 22.6 days

Slippage from Kalshi: live order book, 3 min ago; ApeX Omni: live order book, 2 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 Kalshi live order book, 3 min ago	5.00 bp	14.0 bp −$14	18.5 bp −$185	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	5.01 bp	19.4 bp −$19	58.9 bp −$589	doesn't fit	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	0.09997	+0.084%	$224K	$70K	10x	as long as short
Kalshi KXDOGEPERPlong	0.0000%	8h	0.09988	long leg	$645K	$6.4M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09981	−0.077%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09977	−0.114%	$5.5M	$39.6M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0008%	1h	0.09985	−0.037%	$266K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09983	−0.048%	$741K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09990	+0.022%	$541K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09979	−0.096%	$4.5M	$56.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09995	+0.067%	$320K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09977	−0.113%	$325.2M	$1.66B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09975	−0.133%	$162.7M	$512.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09978	−0.103%	$115.0M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1000	+0.121%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09992	+0.037%	$246.8M	$149.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09992	+0.037%	$114.0M	$250.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09993	+0.047%	$66.4M	$49.2M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09974	−0.143%	$131.3M	$326.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09973	−0.153%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09978	−0.103%	$309K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09959	−0.296%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09982	−0.062%	$312K	$138.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09977	−0.113%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDTshort	+0.0100%	1h	0.09980	−0.083%	$149K	$338K	25x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09976	−0.123%	$64K	$464K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09974	−0.140%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09995	+0.065%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09978	−0.103%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09995	+0.068%	$5.9M	$67.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09979	−0.093%	$91.8M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09993	+0.051%	$18K	$5K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0101%	1h	0.09980	−0.081%	$567K	$248K	25x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09973	−0.150%	$480K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09977	−0.118%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0114%	8h	0.09988	−0.003%	$1K	$517K	10x	as long as short
Hyperliquid DOGE	+0.0131%	1h	0.09999	+0.106%	$124.7M	$114.2M	10x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.09994	+0.055%	$444	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0194%	1h	0.09990	+0.014%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09976	−0.123%	$16.0M	$26.9M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.1000	+0.127%	$108K	$207K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09981	−0.071%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0252% / S −0.0288%	1h	0.09981	−0.074%	$322K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09980	−0.083%	$2.0M	$33.9M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.09996	+0.072%	$403K	$440K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.423%	$6K	$242K	12x	as long as short