DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0450%/8h= −49.3% APRnext payment −$0.56 per $10,000 · paid last 24h +0.033%

Price spread now: Kraken Futures against dYdX−0.026%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.026%, 7d avg +0.021%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Kraken Futures is 0.048% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.09904	0.0354	pay 0.0044% / 1h	46m 17s	$223K	$64K	10x
Short	Kraken Futures PF_DOGEUSD	0.09901	−0.0096	pay 0.0012% / 1h	46m 17s	$5.5M	$40.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$94.52
Price spread: −0.026% → +0.021%: −$4.75
Slippage, 4 orders: −$52.26
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$171.53
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from dYdX: live order book, 53 min ago; Kraken Futures: live order book, 3 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 dYdX live order book, 53 min ago	21.12 bp	26.6 bp −$27	112.9 bp −$1,129	169.2 bp −$16.9K	265.2 bp −$132.6K
Sell Kraken Futures live order book, 3 min ago	0.50 bp	11.0 bp −$11	12.8 bp −$128	28.6 bp −$2,862	200.2 bp −$100.1K

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
Kraken Futures PF_DOGEUSDshort	−0.0096%	1h	0.09901	−0.026%	$5.5M	$40.7M	50x
Bitget DOGEUSDT	−0.0011%	8h	0.09890	−0.142%	$140.5M	$347.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09904	+0.002%	$553K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09900	−0.042%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.320%	$6K	$242K	12x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0043%	1h	0.09903	−0.012%	$561K	$291K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09916	+0.121%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09910	+0.057%	$827K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09905	+0.010%	$1K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09903	−0.010%	$536K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09910	+0.061%	$123.6M	$117.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09902	−0.020%	$4.9M	$59.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09907	+0.034%	$322K	$490K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09901	−0.034%	$328.1M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09896	−0.081%	$164.0M	$522.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09899	−0.051%	$115.5M	$1.19B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09906	+0.020%	$16K	$306K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09898	−0.061%	$250.6M	$153.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09901	−0.030%	$117.9M	$258.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09902	−0.020%	$66.3M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09906	+0.020%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09899	−0.051%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09918	+0.140%	$1.1M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09913	+0.090%	$301K	$139.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09911	+0.071%	$626K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09920	+0.161%	$142K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09904	+0.005%	$258K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09900	−0.041%	$71K	$469K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09908	+0.043%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09908	+0.039%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09901	−0.030%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09903	−0.005%	$5.9M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09902	−0.020%	$90.5M	$16.6M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09910	+0.060%	$378K	$2K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09905	+0.007%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09896	−0.081%	$481K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09901	−0.033%	$19K	—	3x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0166% / S −0.0008%	1h	0.09900	−0.039%	$412K	—	200x	as long as short
Reya DOGERUSDPERP	+0.0201%	1h	0.09900	−0.037%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09906	+0.020%	$1.9M	$34.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09908	+0.040%	$15.4M	$26.8M	75x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09910	+0.062%	$441	$4K	10x	as long as short
dYdX DOGE-USDlong	+0.0354%	1h	0.09904	long leg	$223K	$64K	10x
RISEx DOGE/USDC	+0.0717%	1h	0.09908	+0.040%	$398K	$455K	10x	as long as short