Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.045%

Price spread now: GMX against KuCoin+0.032%7-day average +0.030% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.152%+$15 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.032%, 7d avg +0.030%

Together, before fees+0.199%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGEUSDTM	0.1018	0.0100	pay 0.0100% / 8h	3h 15m	$66.9M	$48.3M	75x
Short	GMX DOGE/USD [ETH-USDC]	0.1019	L +0.0255% / S −0.0309%	get 0.0039% / 1h	15m 17s	$329K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $43.91
Price spread: +0.032% → +0.030%: $0.21
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $20.12
Costs to cover: 0.240%
Break-even: 3.8 days

Slippage unknown: KuCoin: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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 KuCoin live order book, 4 min ago	1.47 bp	10.4 bp −$10	18.1 bp −$181	48.4 bp −$4,838	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kalshi KXDOGEPERP	0.0000%	8h	0.1017	−0.148%	$688K	$6.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1019	+0.014%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0021%	1h	0.1019	+0.073%	$229K	$70K	10x	as long as short
Bitget DOGEUSDT	+0.0076%	8h	0.1017	−0.108%	$132.8M	$317.0M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1018	+0.005%	$752K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1019	+0.083%	$558K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1018	−0.029%	$4.9M	$54.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1020	+0.162%	$325K	$519K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1017	−0.102%	$334.5M	$1.62B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1017	−0.147%	$165.9M	$500.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1017	−0.108%	$115.6M	$1.15B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1029	+1.090%	$395K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1018	+0.010%	$251.2M	$146.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1019	+0.079%	$116.5M	$246.2M	300x	as long as short
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.1018	long leg	$66.9M	$48.3M	75x
BingX DOGE-USDT	+0.0100%	8h	0.1019	+0.020%	—	$79.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1019	+0.098%	$345K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1019	+0.066%	$1.2M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1022	+0.340%	$326K	$136.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1022	+0.368%	$644K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1022	+0.353%	$154K	$330K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1019	+0.029%	$260K	$1.0M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1018	−0.029%	$69K	$468K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1018	−0.044%	$19K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1019	+0.105%	$36K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1017	−0.098%	$2K	$5.1M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1018	−0.039%	$6.0M	$65.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1018	−0.010%	$93.6M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1020	+0.123%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1017	−0.155%	$491K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1018	−0.057%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0120%	8h	0.1020	+0.118%	$1K	$503K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0173%	1h	0.1018	−0.063%	$578K	$247K	25x	as long as short
Reya DOGERUSDPERP	+0.0192%	1h	0.1019	+0.047%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1018	+0.010%	$16.4M	$27.0M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1024	+0.567%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0247%	1h	0.1017	−0.119%	$5.5M	$39.2M	50x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1020	+0.117%	$453	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]short	L +0.0255% / S −0.0309%	1h	0.1019	+0.032%	$329K	—	200x
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1018	−0.020%	$2.2M	$33.4M	50x	as long as short
Hyperliquid DOGE	+0.0461%	1h	0.1019	+0.108%	$127.2M	$111.1M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1021	+0.216%	$110K	$207K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1020	+0.167%	$412K	$431K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+3.397%	$6K	$242K	12x	as long as short