Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against SoDEX−0.236%7-day average +0.003% · 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−$53as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.236%, 7d avg +0.003%

Together, before fees+0.228%+$23 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: KuCoin is 0.238% cheaper against SoDEX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DOGE-USD	0.09766	0.0100	pay 0.0013% / 1h	26m 36s	$2K	$5.3M	10x
Short	KuCoin DOGEUSDTM	0.09743	0.0100	get 0.0100% / 8h	5h 26m	$63.5M	$44.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.236%Rate

Funding earned: $0
Price spread: −0.236% → +0.003%: −$23.8
Slippage, 4 orders: −$9.58
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$53.39
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; KuCoin: live order book, 6 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 SoDEX live order book, 1 min ago	0.51 bp	4.5 bp −$5	7.9 bp −$79	135.2 bp −$13.5K	doesn't fit
Sell KuCoin live order book, 6 min ago	1.02 bp	9.6 bp −$10	15.6 bp −$156	42.0 bp −$4,204	doesn't fit

DOGE on 43 exchanges

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	−0.0141%	1h	0.09764	−0.017%	$5.2M	$38.8M	50x	as long as short
Bitget DOGEUSDT	−0.0047%	8h	0.09736	−0.307%	$137.3M	$294.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09769	+0.033%	$502K	$6.2M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09766	−0.002%	$546K	$291K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09774	+0.082%	$32K	—	150x	as long as short
Bybit DOGEUSDT	+0.0017%	8h	0.09737	−0.297%	$163.7M	$492.6M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.823%	$6K	$240K	12x	as long as short
Gate DOGE_USDT	+0.0043%	8h	0.09742	−0.246%	$249.1M	$146.0M	75x	as long as short
01 Exchange DOGEUSD	+0.0048%	1h	0.09748	−0.183%	$449	$4K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09774	+0.083%	$18K	$311K	10x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter DOGE	+0.0096%	1h	0.09752	−0.146%	$805K	$6.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09743	−0.236%	$2K	$539K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09740	−0.269%	$17K	$5K	30x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09765	−0.010%	$503K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09757	−0.087%	$120.8M	$108.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09749	−0.175%	$4.9M	$57.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09748	−0.189%	$310K	$441K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09750	−0.159%	$321.9M	$1.60B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09741	−0.256%	$116.3M	$1.09B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09747	−0.195%	$15K	$308K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09746	−0.203%	$372K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09743	−0.236%	$108.7M	$250.4M	300x	as long as short
KuCoin DOGEUSDTMshort	+0.0100%	8h	0.09743	−0.236%	$63.5M	$44.9M	75x
BingX DOGE-USDT	+0.0100%	8h	0.09741	−0.256%	—	$46.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09765	−0.010%	$302K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09762	−0.039%	$1.3M	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09772	+0.065%	$257K	$126.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09770	+0.041%	$626K	$3.9M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09780	+0.143%	$137K	$344K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09763	−0.030%	$225K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09763	−0.031%	$67K	$421K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09771	+0.046%	$34K	$1.9M	30x	as long as short
SoDEX DOGE-USDlong	+0.0100%	1h	0.09766	long leg	$2K	$5.3M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09771	+0.055%	$5.9M	$64.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09767	+0.010%	$89.1M	$15.5M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09734	−0.331%	$478K	$3.4M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09763	−0.030%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0175%	1h	0.09750	−0.167%	$229K	$75K	10x	as long as short
Reya DOGERUSDPERP	+0.0207%	1h	0.09761	−0.055%	$2K	—	20x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0210% / S −0.0184%	1h	0.09763	−0.029%	$283K	—	200x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09768	+0.020%	$15.4M	$25.5M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0264%	1h	0.09771	+0.051%	$2.3M	$32.7M	50x	as long as short
RISEx DOGE/USDC	+0.0587%	1h	0.09772	+0.061%	$405K	$391K	10x	as long as short