Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.020%

Price spread now: Reya against KuCoin−0.087%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.087% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.0 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	KuCoin DOGEUSDTM	0.09976	0.0100	pay 0.0100% / 8h	1h 39m	$66.4M	$50.2M	75x
Short	Reya DOGERUSDPERP	0.09967	0.0197	get 0.0025% / 1h	39m 47s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.087%Rate

Funding earned: $20.27
Price spread: −0.087% → 0.000%: −$8.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$6.44
Costs to cover: 0.180%
Break-even: 9.2 days

Slippage unknown: KuCoin: live order book, 9 min ago; Reya: 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, 9 min ago	1.50 bp	11.9 bp −$12	25.9 bp −$259	48.4 bp −$4,837	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Kraken Futures PF_DOGEUSD	−0.0083%	1h	0.09969	−0.075%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09978	+0.017%	$224K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09988	+0.115%	$612K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09967	−0.095%	$34K	—	150x	as long as short
Polymarket Perps DOGE-USD	+0.0013%	1h	0.09969	−0.073%	$266K	$1.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.553%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0072%	8h	0.09964	−0.120%	$142.0M	$344.2M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09964	−0.123%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09974	−0.025%	$850K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09979	+0.030%	$539K	$1.1M	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	0.09976	+0.004%	$4.6M	$58.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09979	+0.027%	$319K	$500K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09978	+0.020%	$327.8M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09974	−0.020%	$165.4M	$520.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09978	+0.020%	$117.5M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09965	−0.109%	$383K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09972	−0.040%	$249.4M	$155.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09977	+0.010%	$110.3M	$257.7M	300x	as long as short
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.09976	long leg	$66.4M	$50.2M	75x
BingX DOGE-USDT	+0.0100%	8h	0.09976	0.000%	—	$81.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09968	−0.080%	$303K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09969	−0.073%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09969	−0.074%	$302K	$140.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09965	−0.105%	$637K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09970	−0.060%	$149K	$337K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09967	−0.090%	$66K	$467K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09966	−0.100%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09982	+0.065%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09967	−0.090%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09966	−0.097%	$5.9M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09969	−0.070%	$91.5M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09977	+0.011%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09973	−0.034%	$486K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09968	−0.082%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0109%	8h	0.09976	0.000%	$833	$534K	10x	as long as short
Hyperliquid DOGE	+0.0121%	1h	0.09975	−0.005%	$123.8M	$116.5M	10x	as long as short
Reya DOGERUSDPERPshort	+0.0197%	1h	0.09967	−0.087%	$2K	—	20x
BloFin DOGE-USDT	+0.0220%	8h	0.09973	−0.030%	$16.2M	$27.0M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09970	−0.060%	$1.9M	$34.7M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09966	−0.102%	$314K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0252%	1h	0.09970	−0.062%	$572K	$252K	25x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.09987	+0.107%	$444	$4K	10x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.09979	+0.030%	$26K	$301K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.09985	+0.095%	$402K	$452K	10x	as long as short