Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.010%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.010%, 7d avg +0.011%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.021% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGEUSDTM	0.09993	0.0100	pay 0.0100% / 8h	2h 45m	$66.4M	$49.2M	75x
Short	MEXC DOGE_USDT	0.09992	0.0100	get 0.0100% / 8h	2h 45m	$114.0M	$250.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.011%: −$2.07
Slippage, 4 orders: −$10.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$24.46
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; MEXC: 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 KuCoin live order book, 9 min ago	2.00 bp	9.6 bp −$10	17.2 bp −$172	40.7 bp −$4,072	doesn't fit
Sell MEXC live order book, 4 min ago	0.50 bp	0.5 bp −$1	2.4 bp −$24	14.6 bp −$1,460	48.6 bp −$24.3K

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	+0.037%	$224K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09988	−0.047%	$645K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09981	−0.124%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09977	−0.160%	$5.5M	$39.6M	50x	as long as short
Polymarket Perps DOGE-USD	+0.0008%	1h	0.09985	−0.084%	$266K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09983	−0.095%	$741K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09990	−0.025%	$541K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09979	−0.143%	$4.5M	$56.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09995	+0.020%	$320K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09977	−0.160%	$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	−0.180%	$162.7M	$512.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09978	−0.150%	$115.0M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1000	+0.074%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09992	−0.010%	$246.8M	$149.7M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09992	−0.010%	$114.0M	$250.6M	300x
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.09993	long leg	$66.4M	$49.2M	75x
Bitget DOGEUSDT	+0.0100%	8h	0.09974	−0.190%	$131.3M	$326.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09973	−0.200%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09978	−0.150%	$309K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09959	−0.343%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09982	−0.109%	$312K	$138.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09977	−0.160%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	−0.130%	$149K	$338K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09976	−0.170%	$64K	$464K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09974	−0.187%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09995	+0.018%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09978	−0.150%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09995	+0.021%	$5.9M	$67.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09979	−0.140%	$91.8M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09993	+0.003%	$18K	$5K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0101%	1h	0.09980	−0.128%	$567K	$248K	25x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09973	−0.197%	$480K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09977	−0.165%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0114%	8h	0.09988	−0.050%	$1K	$517K	10x	as long as short
Hyperliquid DOGE	+0.0131%	1h	0.09999	+0.059%	$124.7M	$114.2M	10x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.09994	+0.008%	$444	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0194%	1h	0.09990	−0.033%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09976	−0.170%	$16.0M	$26.9M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.1000	+0.080%	$108K	$207K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09981	−0.118%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0252% / S −0.0288%	1h	0.09981	−0.121%	$322K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09980	−0.130%	$2.0M	$33.9M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.09996	+0.025%	$403K	$440K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+5.374%	$6K	$242K	12x	as long as short