Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.18 per $10,000 · paid last 24h +0.033%
Price spread now: Kraken Futures against Derive−0.075%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Kraken Futures is 0.075% cheaper against Derive than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 43 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive DOGE-PERP0.10490.0100pay 0.0013% / 1h54m 53s$26K$1K10x
ShortKraken Futures PF_DOGEUSD0.10480.0240get 0.0030% / 1h54m 53s$6.0M$36.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$29.4
Price spread: −0.075% → 0.000%
−$7.47
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$5.93
Costs to cover
0.160%
Break-even
5.6 days
Slippage unknown: Derive: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago4.41 bp14.1 bp −$1422.2 bp −$22242.1 bp −$4,209doesn'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
Bitget DOGEUSDT−0.0015%8h0.1047−0.198%$142.6M$304.4M75xas long as short
dYdX DOGE-USD0.0000%1h0.1049−0.010%$235K$59K10xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.1048−0.112%$616K$167K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1050+0.110%$25K150xas long as short
Lighter DOGE+0.0096%1h0.1049+0.033%$769K$6.3M15xas long as short
Nado DOGE-PERP+0.0100%1h0.1048−0.127%$567K$1.0M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1049−0.002%$4.9M$52.1M75xas long as short
Pacifica DOGE+0.0100%1h0.1051+0.220%$346K$491K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1047−0.153%$345.9M$1.54B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1047−0.150%$173.4M$474.9M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX DOGE-USDT-SWAP+0.0100%8h0.1047−0.189%$118.1M$1.12B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1005−4.212%$386K$85910xas long as short
Gate DOGE_USDT+0.0100%8h0.1047−0.208%$256.9M$139.2M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1047−0.198%$117.3M$238.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1047−0.198%$69.5M$45.1M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1047−0.189%$78.1Mas long as short
Variational Omni DOGE+0.0100%8h0.1049+0.047%$1.1M$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1027−2.108%$312K$133.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1028−1.960%$651K$4.5M10xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1047−0.170%$268K$883K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1049−0.017%$74K$440K50xas long as short
Derive DOGE-PERPlong+0.0100%1h0.1049long leg$26K$1K10x
SunX DOGE-USDT+0.0100%8h0.1049−0.033%$37K$2.2M30xas long as short
HTX DOGE-USDT+0.0100%8h0.1047−0.158%$6.3M$61.6M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1049+0.031%$96.5M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0103%8h0.1046−0.238%$19K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.1046−0.288%$512K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1045−0.385%$20K3xas long as short
Katana Perps DOGE-USD+0.0128%8h0.1050+0.078%$882$477K10xas long as short
ApeX Omni DOGEUSDT+0.0174%1h0.1027−2.095%$149K$293K25xas long as short
Reya DOGERUSDPERP+0.0191%1h0.1048−0.106%$2K20xas long as short
SoDEX DOGE-USD+0.0210%1h0.1048−0.055%$2K$4.7M10xas long as short
BloFin DOGE-USDT+0.0220%8h0.1047−0.208%$16.4M$27.4M75xas long as short
Kraken Futures PF_DOGEUSDshort+0.0240%1h0.1048−0.075%$6.0M$36.5M50x
Phoenix DOGE+0.0242%1h0.1022−2.551%$66K$292K10xas long as short
01 Exchange DOGEUSD+0.0248%1h0.1049−0.015%$466$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0260% / S −0.0317%1h0.1049−0.007%$343K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.1049+0.012%$2.1M$31.0M50xas long as short
Kalshi KXDOGEPERP+0.0307%8h0.1050+0.066%$729K$6.0M2.8xas long as short
Backpack DOGE_USDC_PERP+0.0404%1h0.1050+0.050%$346K$1.2M15xas long as short
Arcus DOGE-USD+0.0634%1h0.1049−0.007%$114K$199K10xas long as short
Hyperliquid DOGE+0.0635%1h0.1048−0.075%$128.8M$105.5M10xas long as short
RISEx DOGE/USDC+0.0728%1h0.1049+0.040%$424K$426K10xas long as short
Injective DOGE/USDC PERP+0.1062%1h0.1053+0.383%$6K$242K12xas long as short