Funding you earn now, next payment 05:00 UTC+0.0341%/8h= +37.4% APRpaid last 24h +0.046%
Price spread now: Arcus against Kalshi+0.002%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 4 days (all we have)+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)+0.115%+$11 · spread now +0.002%, 7d avg +0.039%
=Funding pays, the price is against you. Arcus is 0.037% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.039%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.115% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.115% in total (about 11.7% a year). A funding rate is set anew for every payment. 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 | Kalshi KXDOGEPERP | 0.1056 | 0.0292 | pay 0.0292% / 8h | 7h 52m | $757K | $6.1M | 2.8x |
| Short | Arcus DOGE-USD | 0.1056 | 0.0634 | get 0.0079% / 1h | 52m 32s | $115K | $200K | 10x |
Kalshi KXDOGEPERP
Arcus DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Kalshi. 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
- $71.67
- Price spread: +0.002% → +0.039%
- −$3.75
- Slippage, 4 orders
- −$22.11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $31.31
- Costs to cover
- 0.366%
- Break-even
- 3.9 days
Slippage from Kalshi: live order book, 1 min ago; Arcus: live order book, 61 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 Kalshi live order book, 1 min ago | 6.41 bp | 11.4 bp −$11 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 61 min ago | 2.02 bp | 8.1 bp −$8 | 26.4 bp −$264 | doesn't fit | 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 | −0.0007% | 8h | 0.1055 | −0.055% | $143.4M | $306.2M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1056 | −0.021% | $237K | $59K | 10x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1055 | −0.072% | $25K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1057 | +0.119% | $759K | $6.3M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1055 | −0.029% | $571K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1056 | +0.056% | $5.0M | $52.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1057 | +0.084% | $348K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1056 | −0.004% | $348.7M | $1.55B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1055 | −0.036% | $175.5M | $482.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1055 | −0.064% | $120.0M | $1.14B | 50x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | −0.866% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1056 | +0.049% | $259.8M | $140.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1056 | +0.021% | $118.9M | $238.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1055 | −0.074% | $69.9M | $46.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1054 | −0.150% | — | $3.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1049 | −0.598% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1048 | −0.715% | $318K | $133.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1028 | −2.592% | $651K | $4.5M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1055 | −0.093% | $270K | $887K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1055 | −0.083% | $74K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1055 | −0.086% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1055 | −0.119% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1055 | −0.112% | $2K | $4.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1055 | −0.048% | $6.2M | $62.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1054 | −0.159% | $96.9M | $17.1M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1055 | −0.097% | $513K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1054 | −0.166% | $20K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1056 | +0.014% | $19K | $7K | 30x | as long as short |
| Katana Perps DOGE-USD | +0.0126% | 8h | 0.1057 | +0.087% | $1K | $480K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1056 | −0.010% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1055 | −0.064% | $16.5M | $27.6M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0224% | 1h | 0.1054 | −0.139% | $594K | $241K | 25x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1050 | −0.525% | $68K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0239% | 1h | 0.1054 | −0.174% | $5.8M | $37.3M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0255% | 1h | 0.1056 | +0.040% | $353K | $1.2M | 15x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1057 | +0.092% | $470 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0261% / S −0.0320% | 1h | 0.1055 | −0.119% | $348K | — | 200x | as long as short |
| Kalshi KXDOGEPERPlong | +0.0292% | 8h | 0.1056 | long leg | $757K | $6.1M | 2.8x | |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1055 | −0.093% | $2.2M | $31.7M | 50x | as long as short |
| Arcus DOGE-USDshort | +0.0634% | 1h | 0.1056 | +0.002% | $115K | $200K | 10x | |
| Hyperliquid DOGE | +0.0695% | 1h | 0.1057 | +0.097% | $130.6M | $106.6M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1057 | +0.075% | $426K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | −0.263% | $6K | $242K | 12x | as long as short |
| ApeX Omni DOGEUSDT | +0.1281% | 1h | 0.1047 | −0.832% | $164K | $302K | 25x | as long as short |
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP
ApeX Omni DOGEUSDT