Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against RISEx−0.019%7-day average −0.050% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

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

Long on RISEx Short on KuCoin

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)−0.018%−$2 · spread now −0.019%, 7d avg −0.050%

Together, before fees−0.371%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.031% dearer against RISEx than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.050%): +$3 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.1044	0.0728	pay 0.0091% / 1h	41m 24s	$422K	$426K	10x
Short	KuCoin DOGEUSDTM	0.1044	0.0100	get 0.0100% / 8h	3h 41m	$68.7M	$47.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$131.88
Price spread: −0.019% → −0.050%: $3.11
Slippage, 4 orders: −$17.33
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$164.1
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from RISEx: live order book, 12 min ago; KuCoin: live order book, 3 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 RISEx live order book, 12 min ago	4.26 bp	7.3 bp −$7	18.4 bp −$184	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.43 bp	9.2 bp −$9	15.1 bp −$151	40.4 bp −$4,043	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	0.1044	−0.051%	$234K	$70K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1047	+0.236%	$730K	$6.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1048	+0.346%	$25K	—	150x	as long as short
Bitget DOGEUSDT	+0.0019%	8h	0.1046	+0.173%	$141.1M	$309.3M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1046	+0.100%	$749K	$6.4M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1044	−0.047%	$567K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1044	−0.075%	$5.0M	$53.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1044	−0.025%	$337K	$510K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1048	+0.374%	$348.4M	$1.58B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1049	+0.403%	$173.7M	$488.4M	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	0.1049	+0.451%	$120.1M	$1.15B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1048	+0.368%	$403K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1048	+0.374%	$259.0M	$142.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1049	+0.412%	$117.7M	$240.4M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.1044	−0.019%	$68.7M	$47.5M	75x
BingX DOGE-USDC	+0.0100%	8h	0.1049	+0.393%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1043	−0.124%	$352K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1044	−0.031%	$1.2M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1049	+0.407%	$335K	$134.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1048	+0.352%	$664K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1049	+0.431%	$164K	$318K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1044	−0.057%	$266K	$891K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1049	+0.451%	$74K	$444K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1044	−0.003%	$26K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1044	−0.089%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1043	−0.114%	$2K	$4.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1043	−0.155%	$6.2M	$63.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1044	−0.047%	$96.0M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.1043	−0.170%	$19K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1043	−0.143%	$504K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1045	+0.062%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0125%	8h	0.1044	−0.057%	$2K	$485K	10x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1047	+0.204%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1049	+0.460%	$16.5M	$27.5M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1049	+0.473%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0241%	1h	0.1043	−0.167%	$5.6M	$37.9M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0248%	1h	0.1044	−0.011%	$589K	$242K	25x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1044	−0.060%	$464	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0261% / S −0.0320%	1h	0.1049	+0.417%	$345K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1044	−0.057%	$2.2M	$32.3M	50x	as long as short
Hyperliquid DOGE	+0.0555%	1h	0.1045	+0.077%	$129.9M	$107.9M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1045	+0.001%	$113K	$200K	10x	as long as short
RISEx DOGE/USDClong	+0.0728%	1h	0.1044	long leg	$422K	$426K	10x
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+0.814%	$6K	$242K	12x	as long as short