Funding you earn now, next payment 08:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.065%
Price spread now: Coinbase International against Kalshi+0.038%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.038%, 7d avg +0.061%
=Funding pays, the price is against you. Coinbase International is 0.022% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.061%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.137% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.1% 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 | 0.09915 | 0 | get 0.0000% / 8h | 3h 46m | $553K | $6.6M | 2.8x |
| Short | Coinbase International DOGE-PERP-INTX | 0.09919 | 0.0208 | get 0.0026% / 1h | 46m 21s | $1.9M | $35.0M | 50x |
Kalshi KXDOGEPERP
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $43.68
- Price spread: +0.038% → +0.061%
- −$2.24
- Slippage, 4 orders
- −$18.41
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $3.03
- Costs to cover
- 0.384%
- Break-even
- 6.5 days
Slippage from Kalshi: live order book, 2 min ago; Coinbase International: 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 Kalshi live order book, 2 min ago | 2.22 bp | 14.6 bp −$15 | 20.6 bp −$206 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 1.01 bp | 7.9 bp −$8 | 13.9 bp −$139 | 36.2 bp −$3,621 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0096% | 1h | 0.09908 | −0.073% | $5.5M | $40.7M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0011% | 8h | 0.09893 | −0.224% | $140.6M | $347.5M | 75x | as long as short |
| Kalshi KXDOGEPERPlong | 0.0000% | 8h | 0.09915 | long leg | $553K | $6.6M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09900 | −0.155% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.201% | $6K | $242K | 12x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0073% | 1h | 0.09910 | −0.049% | $560K | $288K | 25x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09916 | +0.008% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09915 | 0.000% | $827K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09905 | −0.103% | $1K | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09903 | −0.123% | $536K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Deribit DOGE_USDC-PERPETUAL
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 | 0.09910 | −0.051% | $123.6M | $117.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09903 | −0.121% | $4.9M | $59.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09907 | −0.079% | $322K | $490K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09902 | −0.133% | $328.2M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09897 | −0.184% | $164.0M | $522.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09900 | −0.153% | $115.5M | $1.19B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09906 | −0.093% | $16K | $306K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09898 | −0.173% | $250.6M | $153.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09902 | −0.133% | $117.7M | $258.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09905 | −0.103% | $66.1M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09902 | −0.133% | — | $53.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09907 | −0.083% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09918 | +0.027% | $1.1M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | −0.023% | $301K | $139.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09911 | −0.042% | $626K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09920 | +0.048% | $142K | $346K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09904 | −0.108% | $258K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09900 | −0.153% | $71K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09908 | −0.070% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09916 | +0.008% | $34K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09908 | −0.073% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09909 | −0.067% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09907 | −0.083% | $90.6M | $16.6M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09910 | −0.052% | $378K | $2K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09905 | −0.105% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09900 | −0.149% | $481K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09901 | −0.145% | $19K | — | 3x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0166% / S −0.0008% | 1h | 0.09900 | −0.151% | $412K | — | 200x | as long as short |
| Reya DOGERUSDPERP | +0.0201% | 1h | 0.09900 | −0.150% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0208% | 1h | 0.09919 | +0.038% | $1.9M | $35.0M | 50x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09908 | −0.073% | $15.4M | $26.8M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09910 | −0.050% | $441 | $4K | 10x | as long as short |
| dYdX DOGE-USD | +0.0354% | 1h | 0.09904 | −0.113% | $223K | $64K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09908 | −0.073% | $398K | $455K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Gate DOGE_USDT
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
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
GMX DOGE/USD [ETH-USDC]
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
dYdX DOGE-USD
RISEx DOGE/USDC