Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Binance against Kalshi+0.260%51s7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 7 days−0.209%−$21 · spread now +0.260%, 7d avg +0.024%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.236% dearer against Kalshi than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXDOGEPERP | 0.09899 | 0 | get 0.0000% / 8h | 3h 51m | $577K | $6.6M | 2.8x |
| Short | Binance DOGEUSDT | 0.09925 | 0.0100 | get 0.0100% / 8h | 7h 51m | $328.2M | $1.72B | 75x |
Kalshi KXDOGEPERP
Binance DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $21
- Price spread: +0.260% → +0.024%
- $23.58
- Slippage, 4 orders
- −$11.43
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $13.15
- Costs to cover
- 0.314%
- Break-even
- 2.6 days
Slippage from Kalshi: live order book, 2 min ago; Binance: live order book, 8 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, 2 min ago | 4.14 bp | 9.6 bp −$10 | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.50 bp | 5.8 bp −$6 | 8.6 bp −$86 | 23.1 bp −$2,309 | 58.0 bp −$29.0K |
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_DOGEUSD | −0.0096% | 1h | 0.09925 | +0.263% | $5.5M | $40.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0009% | 8h | 0.09916 | +0.169% | $140.8M | $347.6M | 75x | as long as short |
| Kalshi KXDOGEPERPlong | 0.0000% | 8h | 0.09899 | long leg | $577K | $6.6M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09922 | +0.227% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.371% | $6K | $242K | 12x | as long as short |
| Gate DOGE_USDT | +0.0078% | 8h | 0.09918 | +0.189% | $250.8M | $152.7M | 75x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09896 | −0.028% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09933 | +0.344% | $829K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09919 | +0.199% | $1K | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09916 | +0.174% | $537K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Gate DOGE_USDT
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09929 | +0.303% | $123.8M | $117.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09922 | +0.231% | $4.9M | $59.4M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09912 | +0.127% | $322K | $506K | 20x | as long as short |
| Binance DOGEUSDTshort | +0.0100% | 8h | 0.09925 | +0.260% | $328.2M | $1.72B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09920 | +0.209% | $164.1M | $523.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09923 | +0.239% | $115.5M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09924 | +0.250% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.144% | $377K | $16K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09924 | +0.250% | $117.6M | $258.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09925 | +0.260% | $66.6M | $49.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09921 | +0.219% | — | $53.6M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09900 | +0.007% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09879 | −0.206% | $1.0M | $8.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09900 | +0.009% | $300K | $139.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09908 | +0.090% | $627K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | +0.108% | $142K | $346K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09924 | +0.255% | $258K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09923 | +0.239% | $71K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09903 | +0.040% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09928 | +0.290% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09925 | +0.260% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09926 | +0.272% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09924 | +0.250% | $90.7M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09908 | +0.092% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09919 | +0.199% | $481K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09924 | +0.255% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0112% | 1h | 0.09904 | +0.044% | $223K | $64K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0113% | 1h | 0.09927 | +0.279% | $558K | $284K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0201% | 1h | 0.09919 | +0.197% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09928 | +0.290% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09927 | +0.280% | $15.5M | $26.8M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09930 | +0.311% | $442 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0286% / S −0.0375% | 1h | 0.09921 | +0.219% | $413K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09928 | +0.295% | $399K | $455K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
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
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC