Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.034%

Price spread now: Extended against Kalshi−0.106%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Kalshi Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.213%+$21 on $10k

Price spread, last 7 days+0.095%+$10 · spread now −0.106%, 7d avg −0.038%

Together, before fees+0.308%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.068% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.038%). If the spread goes back, that is −$7 on $10k: about 2.2 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	0.1001	0	get 0.0000% / 8h	5h 15m	$613K	$6.6M	2.8x
Short	Extended DOGE-USD	0.09998	0.0104	get 0.0013% / 1h	15m 08s	$488K	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.106%Rate

Funding earned: $21.84
Price spread: −0.106% → −0.038%: −$6.84
Slippage, 4 orders: −$22.87
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.86
Costs to cover: 0.379%
Break-even: 14.3 days

Slippage from Kalshi: live order book, 4 min ago; Extended: 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 Kalshi live order book, 4 min ago	4.09 bp	12.3 bp −$12	18.4 bp −$184	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.00 bp	4.4 bp −$4	5.2 bp −$52	13.1 bp −$1,306	doesn't fit

DOGE on 43 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
Kraken Futures PF_DOGEUSD	−0.0082%	1h	0.1001	−0.032%	$5.7M	$40.6M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1001	−0.007%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERPlong	0.0000%	8h	0.1001	long leg	$613K	$6.6M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.10000	−0.092%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.208%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0049%	8h	0.09998	−0.107%	$142.0M	$344.3M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0049%	1h	0.09999	−0.101%	$263K	$1.2M	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.1002	+0.158%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1001	+0.026%	$849K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1001	+0.008%	$540K	$1.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1000	−0.045%	$4.5M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	+0.038%	$319K	$501K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1000	−0.057%	$329.6M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1000	−0.067%	$165.1M	$522.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.027%	$117.4M	$1.21B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	+0.190%	$385K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09998	−0.107%	$249.9M	$157.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	−0.027%	$112.1M	$258.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1000	−0.047%	$66.8M	$50.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1001	−0.017%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	+0.053%	$303K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	0.000%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.116%	$304K	$140.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	+0.023%	$631K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.113%	$148K	$340K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1000	−0.067%	$70K	$476K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	−0.004%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1000	−0.047%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.026%	$5.9M	$68.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	−0.037%	$91.7M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1000	−0.059%	$18K	$5K	30x	as long as short
Extended DOGE-USDshort	+0.0104%	1h	0.09998	−0.106%	$488K	$4.1M	50x
Aevo DOGE-PERP	+0.0104%	1h	0.1000	−0.056%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.1000	−0.057%	$836	$538K	10x	as long as short
Hyperliquid DOGE	+0.0137%	1h	0.1001	+0.053%	$124.5M	$116.6M	10x	as long as short
Reya DOGERUSDPERP	+0.0198%	1h	0.1000	−0.075%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	+0.013%	$16.2M	$27.1M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0240%	1h	0.1001	−0.014%	$574K	$253K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1001	+0.023%	$1.9M	$34.9M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.10000	−0.092%	$315K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0272%	1h	0.1001	+0.019%	$445	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1000	−0.047%	$18K	$307K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1001	+0.008%	$403K	$458K	10x	as long as short