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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: SunX against Kalshi+0.185%55s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$670.670% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.210%+$21 on $10k
Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.185%, 7d avg +0.072%
Together, before fees+0.068%+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.113% dearer against Kalshi than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.072%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXDOGEPERP0.10010get 0.0000% / 8h5h 25m$613K$6.6M2.8x
ShortSunX DOGE-USDT0.10020.0100get 0.0100% / 8h1h 25m$35K$2.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$21
Price spread: +0.185% → +0.072%
$11.27
Slippage, 4 orders
−$48.97
Fee Kalshi: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$34.7
Costs to cover
0.670%
Break-even
18.6 days
Slippage from Kalshi: live order book, 3 min ago; SunX: live order book, 1 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 Kalshi live order book, 3 min ago3.96 bp11.8 bp −$1218.6 bp −$186doesn't fitdoesn't fit
Sell SunX live order book, 1 min ago18.44 bp23.7 bp −$2430.9 bp −$309doesn't fitdoesn't fit

DOGE on 44 venues

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−0.0082%1h0.1003+0.267%$5.6M$40.5M50xas long as short
dYdX DOGE-USD0.0000%1h0.1002+0.137%$225K$69K10xas long as short
Kalshi KXDOGEPERPlong0.0000%8h0.1001long leg$613K$6.6M2.8x
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1002+0.107%$36K150xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+5.247%$6K$242K12xas long as short
Polymarket Perps DOGE-USD+0.0046%1h0.1002+0.150%$263K$1.2M10xas long as short
Bitget DOGEUSDT+0.0060%8h0.1001+0.050%$142.2M$344.3M75xas long as short
Phoenix DOGE+0.0080%1h0.09997−0.083%$18K$382K10xas long as short
Lighter DOGE+0.0096%1h0.1002+0.178%$848K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.1002+0.135%$541K$1.1M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.1002+0.189%$4.5M$58.5M75xas long as short
Pacifica DOGE+0.0100%1h0.1002+0.104%$320K$500K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1002+0.197%$330.1M$1.71B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1002+0.100%$165.6M$520.8M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1002+0.140%$117.7M$1.21B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09990−0.150%$384K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1002+0.130%$250.5M$156.5M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1002+0.190%$111.5M$258.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1003+0.200%$66.7M$50.1M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1002+0.170%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1003+0.270%$303K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.1001+0.087%$1.1M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1000−0.046%$303K$140.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1001+0.031%$631K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1000−0.050%$150K$338K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1002+0.140%$66K$467K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09967−0.383%$19K$7K10xas long as short
SunX DOGE-USDTshort+0.0100%8h0.1002+0.185%$35K$2.3M30x
SoDEX DOGE-USD+0.0100%1h0.1002+0.140%$2K$5.4M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1002+0.153%$5.9M$68.9M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1003+0.250%$92.1M$16.9M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1001+0.089%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1002+0.131%$488K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1002+0.146%$19K3xas long as short
Katana Perps DOGE-USD+0.0108%8h0.1002+0.120%$837$536K10xas long as short
Hyperliquid DOGE+0.0134%1h0.1003+0.290%$124.5M$116.5M10xas long as short
Reya DOGERUSDPERP+0.0197%1h0.1002+0.148%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1001+0.050%$16.2M$27.1M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.1003+0.290%$1.9M$35.0M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0297%1h0.1001+0.020%$315K200xas long as short
01 Exchange DOGEUSD+0.0264%1h0.1003+0.251%$446$4K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0329%1h0.1002+0.194%$575K$252K25xas long as short
Arcus DOGE-USD+0.0387%1h0.1002+0.160%$19K$306K10xas long as short
RISEx DOGE/USDC+0.0626%1h0.1003+0.207%$404K$458K10xas long as short