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Funding arb · Price arb /

DOGE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%
Price spread now: Kalshi against Derive+0.107%366s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Kalshi is 0.107% dearer against Derive than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 366 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive DOGE-PERP0.099030.0100pay 0.0013% / 1h50m 21s$18K$7K10x
ShortKalshi KXDOGEPERP0.099140get 0.0000% / 8h3h 50m$577K$6.6M2.8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Derive. 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

Funding earned
−$21
Price spread: +0.107% → 0.000%
$10.66
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$26.34
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; Kalshi: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell Kalshi live order book, 3 min ago4.14 bp10.5 bp −$1018.9 bp −$189doesn't fitdoesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_DOGEUSD−0.0096%1h0.09925+0.223%$5.5M$40.8M50xas long as short
Bitget DOGEUSDT−0.0009%8h0.09915+0.119%$140.8M$347.6M75xas long as short
Kalshi KXDOGEPERPshort0.0000%8h0.09914+0.107%$577K$6.6M2.8x
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09922+0.187%$35K—150xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+6.329%$6K$242K12xas long as short
Phoenix DOGE+0.0081%1h0.09896−0.068%$18K$386K10xas long as short
Lighter DOGE+0.0096%1h0.09934+0.315%$829K$6.8M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.09919+0.159%$1K$545K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09923+0.200%$537K$1.1M10xas long as short
Hyperliquid DOGE+0.0100%1h0.09927+0.243%$123.8M$117.1M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.09910+0.064%$4.9M$59.4M75xas long as short
Pacifica DOGE+0.0100%1h0.09927+0.240%$322K$506K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09910+0.064%$328.4M$1.72B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09900−0.033%$163.8M$523.1M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09904+0.008%$115.5M$1.20B50xas long as short
Arcus DOGE-USD+0.0100%1h0.09924+0.210%$16K$306K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09885−0.184%$377K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09904+0.008%$250.5M$152.8M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09904+0.008%$117.5M$258.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09922+0.189%$66.6M$49.9M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09905+0.018%—$3.5M—as long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09923+0.200%$302K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09918+0.148%$1.1M$8.5M—as long as short
edgeX DOGEUSDC+0.0100%4h0.09900−0.031%$300K$139.3M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09908+0.050%$627K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09910+0.068%$142K$346K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09922+0.194%$258K$1.2M10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09902−0.013%$71K$469K50xas long as short
Derive DOGE-PERPlong+0.0100%1h0.09903long leg$18K$7K10x
SunX DOGE-USDT+0.0100%8h0.09928+0.250%$35K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09925+0.220%$2K$5.5M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09926+0.232%$5.9M$69.1M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09924+0.210%$90.7M$16.6M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09923+0.204%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09919+0.154%$481K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09902−0.008%$19K—3xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0113%1h0.09927+0.239%$558K$284K25xas long as short
dYdX DOGE-USD+0.0182%1h0.09923+0.203%$223K$64K10xas long as short
Reya DOGERUSDPERP+0.0201%1h0.09914+0.112%$2K—20xas long as short
Coinbase International DOGE-PERP-INTX+0.0208%1h0.09928+0.250%$1.9M$35.0M50xas long as short
BloFin DOGE-USDT+0.0220%8h0.09927+0.240%$15.5M$26.8M75xas long as short
01 Exchange DOGEUSD+0.0240%1h0.09929+0.258%$442$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0286% / S −0.0375%1h0.09921+0.179%$413K—200xas long as short
RISEx DOGE/USDC+0.0717%1h0.09930+0.270%$399K$455K10xas long as short