Funding you earn now, next payment 04:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.006%
Price spread now: Deribit against Kalshi−0.074%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$400.400% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.074%, 7d avg +0.048%
=Funding pays, the price is against you. Deribit is 0.122% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.048%). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.006% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXDOGEPERP | 0.09923 | 0 | get 0.0000% / 8h | 42m 08s | $394K | $5.2M | 2.8x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.09915 | 0.0103 | get 0.0013% / 1h | 42m 08s | $592K | $118K | 25x |
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $21.63
- Price spread: −0.074% → +0.048%
- −$12.19
- Slippage, 4 orders
- −$22.98
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$30.53
- Costs to cover
- 0.400%
- Break-even
- 16.9 days
Slippage from Kalshi: live order book, 2 min ago; Deribit: live order book, 17 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 | 4.04 bp | 13.9 bp −$14 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 17 min ago | 3.53 bp | 7.0 bp −$7 | 13.1 bp −$131 | 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 | −0.0057% | 8h | 0.09905 | −0.177% | $149.7M | $275.1M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09909 | −0.137% | $5.7M | $35.5M | 50x | as long as short |
| Kalshi KXDOGEPERPlong | 0.0000% | 8h | 0.09923 | long leg | $394K | $5.2M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09913 | −0.093% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0036% | 1h | 0.09917 | −0.054% | $223K | $49K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0069% | 1h | 0.09915 | −0.080% | $258K | $831K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09917 | −0.061% | $728K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09908 | −0.147% | $895 | $449K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09911 | −0.112% | $525K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09912 | −0.110% | $4.6M | $49.0M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09917 | −0.052% | $322K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09921 | −0.019% | $316.8M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09916 | −0.067% | $161.0M | $443.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09914 | −0.087% | $110.8M | $991.4M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.379% | $380K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09909 | −0.137% | $243.0M | $133.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09914 | −0.087% | $111.2M | $234.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09910 | −0.127% | $65.4M | $43.5M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09912 | −0.107% | — | $76.7M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09910 | −0.127% | $311K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09876 | −0.473% | $1.0M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09865 | −0.581% | $293K | $129.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09876 | −0.470% | $622K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.429% | $144K | $284K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09915 | −0.077% | $69K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09911 | −0.120% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09917 | −0.052% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09909 | −0.137% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09919 | −0.036% | $5.9M | $57.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09914 | −0.087% | $91.1M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09916 | −0.068% | $18K | $7K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0103% | 1h | 0.09915 | −0.074% | $592K | $118K | 25x | |
| Extended DOGE-USD | +0.0104% | 1h | 0.09909 | −0.133% | $495K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09911 | −0.119% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09916 | −0.066% | $529 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0189% | 1h | 0.09916 | −0.065% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09901 | −0.218% | $15.5M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09885 | −0.377% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09913 | −0.094% | $310K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0273% | 1h | 0.09921 | −0.016% | $120.7M | $100.3M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09929 | +0.064% | $2.3M | $26.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.09922 | −0.006% | $117K | $189K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09917 | −0.061% | $400K | $412K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09940 | +0.175% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk 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
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
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP