Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h +0.162%

Price spread now: RISEx against KuCoin+0.231%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.353%+$35 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.231%, 7d avg +0.050%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and RISEx is 0.181% dearer against KuCoin than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGEUSDTM	0.1049	0.0100	pay 0.0100% / 8h	3h 39m	$69.0M	$47.6M	75x
Short	RISEx DOGE/USDC	0.1051	0.0728	get 0.0091% / 1h	39m 33s	$424K	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.231%Rate

Funding earned: $131.88
Price spread: +0.231% → +0.050%: $18.1
Slippage, 4 orders: −$17.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $114.65
Costs to cover: 0.353%
Break-even: 0.9 days

Slippage from KuCoin: live order book, 5 min ago; RISEx: live order book, 14 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, 5 min ago	1.43 bp	11.6 bp −$12	26.9 bp −$269	53.0 bp −$5,304	doesn't fit
Sell RISEx live order book, 14 min ago	4.26 bp	7.3 bp −$7	20.7 bp −$207	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
dYdX DOGE-USD	0.0000%	1h	0.1048	−0.075%	$235K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1049	−0.005%	$730K	$6.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1049	+0.010%	$25K	—	150x	as long as short
Bitget DOGEUSDT	+0.0023%	8h	0.1050	+0.105%	$140.8M	$311.1M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1049	+0.045%	$755K	$6.4M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1050	+0.124%	$570K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1049	−0.005%	$5.0M	$53.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1049	−0.021%	$338K	$514K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1051	+0.191%	$349.3M	$1.58B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1050	+0.067%	$173.8M	$489.4M	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	0.1050	+0.067%	$120.2M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1048	−0.063%	$403K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1050	+0.086%	$259.7M	$142.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1049	−0.029%	$118.2M	$240.7M	300x	as long as short
KuCoin DOGEUSDTMlong	+0.0100%	8h	0.1049	long leg	$69.0M	$47.6M	75x
BingX DOGE-USDC	+0.0100%	8h	0.1049	+0.019%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1049	−0.029%	$354K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1048	−0.108%	$1.2M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1045	−0.354%	$334K	$134.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1048	−0.070%	$662K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1049	0.000%	$164K	$318K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1049	−0.019%	$267K	$892K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1049	−0.038%	$74K	$444K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1049	−0.004%	$26K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1049	−0.014%	$37K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1049	−0.038%	$2K	$4.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1049	−0.034%	$6.2M	$63.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1049	−0.010%	$96.4M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.1050	+0.112%	$19K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1050	+0.124%	$507K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1053	+0.357%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0124%	8h	0.1051	+0.219%	$883	$490K	10x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1050	+0.135%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1050	+0.067%	$16.6M	$27.5M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1049	+0.041%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0240%	1h	0.1048	−0.051%	$5.6M	$38.2M	50x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1053	+0.336%	$468	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0261% / S −0.0320%	1h	0.1049	+0.027%	$346K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1049	+0.019%	$2.2M	$32.6M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0389%	1h	0.1048	−0.048%	$591K	$242K	25x	as long as short
Hyperliquid DOGE	+0.0562%	1h	0.1049	+0.010%	$130.9M	$108.2M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1052	+0.257%	$114K	$200K	10x	as long as short
RISEx DOGE/USDCshort	+0.0728%	1h	0.1051	+0.231%	$424K	$427K	10x
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+0.381%	$6K	$242K	12x	as long as short