Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against MEXC−0.033%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

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

costs, in and out, $10k−$230.228% of the position

Long on MEXC Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days+0.135%+$13 · spread now −0.033%, 7d avg −0.023%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.09800	0.0100	pay 0.0100% / 8h	4h 23m	$127.6M	$182.5M	300x
Short	Kalshi KXDOGEPERP	0.09797	0	get 0.0000% / 8h	23m 03s	$412K	$3.9M	2.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against MEXC. 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 MEXCbpFee KalshibpOrdersPrice spread, now −0.033%Rate

Funding earned: −$21
Price spread: −0.033% → −0.023%: −$1.01
Slippage, 4 orders: −$12.85
Fee MEXC: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$44.86
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; Kalshi: live order book, 5 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 MEXC live order book, 10 min ago	0.51 bp	0.5 bp −$1	2.1 bp −$21	8.7 bp −$872	40.8 bp −$20.4K
Sell Kalshi live order book, 5 min ago	3.83 bp	8.9 bp −$9	16.6 bp −$166	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
Bitget DOGEUSDT	−0.0183%	8h	0.09789	−0.112%	$152.1M	$249.4M	75x	as long as short
Kalshi KXDOGEPERPshort	0.0000%	8h	0.09797	−0.033%	$412K	$3.9M	2.8x
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09799	−0.008%	$612K	$72K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09798	−0.023%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0013%	1h	0.09792	−0.077%	$220K	$44K	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09822	+0.220%	$17K	$197K	10x	as long as short
Katana Perps DOGE-USD	+0.0090%	8h	0.09793	−0.071%	$1K	$297K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09805	+0.047%	$819K	$4.9M	15x	as long as short
Gate DOGE_USDT	+0.0097%	8h	0.09794	−0.061%	$236.2M	$115.5M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09792	−0.077%	$707K	$682K	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	0.09798	−0.023%	$4.5M	$37.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09791	−0.092%	$360K	$507K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09797	−0.031%	$311.0M	$1.18B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09798	−0.020%	$153.3M	$376.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09801	+0.010%	$105.4M	$836.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09800	0.000%	$27K	$74K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09832	+0.325%	$377K	$11K	10x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.09800	long leg	$127.6M	$182.5M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09799	−0.010%	$65.4M	$36.6M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09797	−0.031%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09787	−0.128%	$1.6M	$6.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09801	+0.010%	$254K	$102.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09807	+0.073%	$619K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09800	0.000%	$143K	$207K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09786	−0.141%	$281K	$541K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09797	−0.031%	$60K	$323K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09795	−0.049%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09799	−0.012%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09805	+0.051%	$2K	$2.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09797	−0.035%	$5.8M	$43.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09799	−0.010%	$91.3M	$20.3M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09787	−0.133%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09796	−0.042%	$577K	$3.4M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09797	−0.031%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0136%	1h	0.09801	+0.013%	$518	$4K	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0141%	1h	0.09806	+0.061%	$521K	$788K	15x	as long as short
Reya DOGERUSDPERP	+0.0169%	1h	0.09794	−0.063%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09797	−0.031%	$15.2M	$21.2M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0232%	1h	0.09805	+0.051%	$2.0M	$20.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0238% / S −0.0250%	1h	0.09793	−0.067%	$293K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0460%	1h	0.09800	−0.002%	$5.8M	$27.9M	50x	as long as short
Hyperliquid DOGE	+0.0649%	1h	0.09811	+0.112%	$110.4M	$61.4M	10x	as long as short
RISEx DOGE/USDC	+0.0699%	1h	0.09803	+0.026%	$309K	$472K	10x	as long as short
Injective DOGE/USDC PERP	+0.0921%	1h	0.09830	+0.306%	$5K	$112K	12x	as long as short