Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against Binance−0.083%51s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.367% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 7 days+0.089%+$9 · spread now −0.083%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.061% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOGEUSDT | 0.09995 | 0.0100 | pay 0.0100% / 8h | 5h 31m | $320.5M | $1.44B | 75x |
| Short | Kalshi KXDOGEPERP | 0.09987 | 0 | get 0.0000% / 8h | 1h 31m | $444K | $5.1M | 2.8x |
Binance DOGEUSDT
Kalshi KXDOGEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.083% → −0.023%
- −$6.08
- Slippage, 4 orders
- −$16.75
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$63.83
- Costs to cover
- 0.367%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Kalshi: live order book, 2 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 Binance live order book, 13 min ago | 0.50 bp | 6.5 bp −$7 | 9.3 bp −$93 | 20.0 bp −$1,997 | 45.1 bp −$22.6K |
| Sell Kalshi live order book, 2 min ago | 4.86 bp | 11.7 bp −$12 | 17.3 bp −$173 | 33.0 bp −$3,297 | 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 | −0.0089% | 8h | 0.09985 | −0.100% | $151.2M | $273.9M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09983 | −0.125% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERPshort | 0.0000% | 8h | 0.09987 | −0.083% | $444K | $5.1M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09992 | −0.030% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0021% | 1h | 0.09980 | −0.147% | $596K | $118K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09995 | −0.004% | $784K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09991 | −0.040% | $3K | $441K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09994 | −0.005% | $533K | $993K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09994 | −0.010% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09989 | −0.065% | $328K | $483K | 20x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDTlong | +0.0100% | 8h | 0.09995 | long leg | $320.5M | $1.44B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09995 | 0.000% | $161.2M | $441.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09998 | +0.030% | $111.7M | $990.9M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09985 | −0.103% | $383K | $2K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09992 | −0.030% | $243.3M | $132.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09993 | −0.020% | $112.2M | $230.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09992 | −0.030% | $66.1M | $43.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09989 | −0.060% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09978 | −0.170% | $328K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09987 | −0.085% | $981K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09969 | −0.262% | $297K | $130.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09979 | −0.160% | $626K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | +0.050% | $146K | $278K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09989 | −0.058% | $255K | $734K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09997 | +0.020% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09977 | −0.176% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09993 | −0.020% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09981 | −0.140% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09983 | −0.116% | $5.9M | $56.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09981 | −0.140% | $91.9M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.09981 | −0.137% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09991 | −0.044% | $510K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09998 | +0.028% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0187% | 1h | 0.09992 | −0.034% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09997 | +0.019% | $533 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09982 | −0.130% | $15.7M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09961 | −0.343% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0267% | 1h | 0.09992 | −0.028% | $311K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09993 | −0.020% | $2.3M | $26.2M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0306% | 1h | 0.09978 | −0.171% | $5.7M | $35.1M | 50x | as long as short |
| Hyperliquid DOGE | +0.0480% | 1h | 0.1001 | +0.100% | $122.2M | $99.8M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.1000 | +0.065% | $403K | $366K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.1001 | +0.120% | $129K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.09980 | −0.150% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP