Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h +0.029%
Price spread now: Kraken Futures against Binance−0.030%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.030%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.045% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOGEUSDT | 0.09878 | 0.0100 | pay 0.0100% / 8h | 4h 44m | $315.5M | $1.45B | 75x |
| Short | Kraken Futures PF_DOGEUSD | 0.09875 | −0.0032 | pay 0.0004% / 1h | 44m 55s | $5.7M | $35.5M | 50x |
Binance DOGEUSDT
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$27.72
- Price spread: −0.030% → +0.015%
- −$4.49
- Slippage, 4 orders
- −$15.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$68.14
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Kraken Futures: live order book, 4 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, 14 min ago | 0.50 bp | 5.9 bp −$6 | 9.2 bp −$92 | 20.1 bp −$2,005 | 46.4 bp −$23.2K |
| Sell Kraken Futures live order book, 4 min ago | 4.06 bp | 12.5 bp −$13 | 14.6 bp −$146 | 34.5 bp −$3,455 | 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 | −0.0059% | 8h | 0.09873 | −0.052% | $149.2M | $275.0M | 75x | as long as short |
| Kraken Futures PF_DOGEUSDshort | −0.0032% | 1h | 0.09875 | −0.030% | $5.7M | $35.5M | 50x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09871 | −0.076% | $431K | $5.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09878 | −0.002% | $590K | $118K | 25x | as long as short |
| dYdX DOGE-USD | +0.0001% | 1h | 0.09865 | −0.136% | $221K | $49K | 10x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09875 | −0.032% | $23K | — | 150x | as long as short |
| Polymarket Perps DOGE-USD | +0.0037% | 1h | 0.09874 | −0.046% | $257K | $831K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09875 | −0.032% | $892 | $448K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09884 | +0.054% | $726K | $6.2M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09881 | +0.034% | $524K | $1.0M | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USD
gTrade (Gains Network) DOGE/USD
Polymarket Perps DOGE-USD
Katana Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09879 | +0.004% | $4.5M | $48.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09873 | −0.056% | $321K | $482K | 20x | as long as short |
| Binance DOGEUSDTlong | +0.0100% | 8h | 0.09878 | long leg | $315.5M | $1.45B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09878 | −0.002% | $159.1M | $442.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09879 | +0.008% | $110.4M | $986.9M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09930 | +0.525% | $381K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09872 | −0.062% | $242.0M | $133.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09877 | −0.012% | $111.1M | $234.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09879 | +0.008% | $65.2M | $43.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09876 | −0.022% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09876 | −0.022% | $310K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09876 | −0.025% | $1.0M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09865 | −0.134% | $293K | $129.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09854 | −0.243% | $620K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09860 | −0.184% | $143K | $283K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09878 | −0.002% | $69K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09875 | −0.028% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09882 | +0.034% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09876 | −0.022% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09871 | −0.069% | $5.9M | $57.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09880 | +0.019% | $90.8M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09872 | −0.058% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09876 | −0.018% | $495K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09874 | −0.042% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09882 | +0.036% | $527 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0189% | 1h | 0.09879 | +0.010% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09875 | −0.032% | $15.5M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09874 | −0.041% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09874 | −0.041% | $309K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0266% | 1h | 0.09888 | +0.098% | $120.3M | $100.2M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09881 | +0.029% | $2.3M | $26.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.09888 | +0.099% | $117K | $189K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09883 | +0.047% | $399K | $412K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09900 | +0.221% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
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
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
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP