Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h −0.023%

Price spread now: SunX against Kraken Futures+0.016%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.016%, 7d avg +0.021%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DOGEUSD	0.09887	−0.0061	get 0.0008% / 1h	3m 08s	$5.5M	$40.8M	50x
Short	SunX DOGE-USDT	0.09889	0.0100	get 0.0100% / 8h	3m 08s	$35K	$2.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Kraken Futures. 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 Kraken FuturesbpFee SunXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $33.71
Price spread: +0.016% → +0.021%: −$0.53
Slippage, 4 orders: −$48.41
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$33.23
Costs to cover: 0.664%
Break-even: 13.9 days

Slippage from Kraken Futures: live order book, 1 min ago; SunX: live order book, 3 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 Kraken Futures live order book, 1 min ago	0.50 bp	10.0 bp −$10	12.5 bp −$125	29.6 bp −$2,961	doesn't fit
Sell SunX live order book, 3 min ago	16.87 bp	24.6 bp −$25	33.0 bp −$330	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
Kraken Futures PF_DOGEUSDlong	−0.0061%	1h	0.09887	long leg	$5.5M	$40.8M	50x
Bitget DOGEUSDT	−0.0003%	8h	0.09886	−0.014%	$140.2M	$347.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09887	−0.008%	$579K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09883	−0.049%	$35K	—	150x	as long as short
Polymarket Perps DOGE-USD	+0.0031%	1h	0.09872	−0.159%	$257K	$1.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.499%	$6K	$242K	12x	as long as short
dYdX DOGE-USD	+0.0038%	1h	0.09888	+0.001%	$222K	$63K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09895	+0.077%	$825K	$6.9M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09882	−0.050%	$534K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09901	+0.142%	$123.3M	$117.1M	10x	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	0.09895	+0.074%	$4.9M	$59.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09885	−0.020%	$321K	$507K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09895	+0.078%	$326.9M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09891	+0.036%	$163.6M	$525.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09896	+0.087%	$114.9M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09880	−0.075%	$16K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09910	+0.229%	$378K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09890	+0.026%	$249.3M	$159.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09894	+0.067%	$116.5M	$259.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09891	+0.036%	$66.0M	$49.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09893	+0.057%	—	$54.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09893	+0.057%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09890	+0.028%	$1.0M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09904	+0.171%	$300K	$139.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09904	+0.169%	$627K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	+0.229%	$142K	$346K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09884	−0.034%	$70K	$478K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09907	+0.196%	$18K	$7K	10x	as long as short
SunX DOGE-USDTshort	+0.0100%	8h	0.09889	+0.016%	$35K	$2.3M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.09888	+0.006%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09880	−0.075%	$5.8M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09892	+0.046%	$90.4M	$16.8M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09882	−0.051%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09882	−0.054%	$485K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09888	+0.001%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0106%	8h	0.09879	−0.085%	$1K	$542K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0134%	1h	0.09890	+0.030%	$568K	$263K	25x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09904	+0.168%	$18K	$382K	10x	as long as short
Reya DOGERUSDPERP	+0.0201%	1h	0.09876	−0.115%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09894	+0.067%	$1.9M	$35.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09893	+0.057%	$15.4M	$26.8M	75x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09886	−0.013%	$440	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0377% / S −0.0750%	1h	0.09882	−0.055%	$614K	—	200x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09885	−0.024%	$398K	$456K	10x	as long as short