Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.059%

Price spread now: Kraken Futures against Kalshi+0.039%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Kalshi Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.216%+$22 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.039%, 7d avg +0.054%

Together, before fees+0.191%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.216%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXDOGEPERP	0.1003	0	get 0.0000% / 8h	16m 37s	$396K	$5.2M	2.8x
Short	Kraken Futures PF_DOGEUSD	0.1003	−0.0031	pay 0.0004% / 1h	16m 37s	$5.7M	$35.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Kalshi. 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 KalshibpFee Kraken FuturesbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$6.61
Price spread: +0.039% → +0.054%: −$1.48
Slippage, 4 orders: −$24.84
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$52.93
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Kraken Futures: live order book, 2 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	3.81 bp	10.9 bp −$11	17.5 bp −$175	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	0.50 bp	9.5 bp −$10	11.9 bp −$119	23.5 bp −$2,345	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	−0.0036%	8h	0.1001	−0.176%	$151.3M	$276.8M	75x	as long as short
Kraken Futures PF_DOGEUSDshort	−0.0031%	1h	0.1003	+0.039%	$5.7M	$35.7M	50x
Kalshi KXDOGEPERPlong	0.0000%	8h	0.1003	long leg	$396K	$5.2M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1003	−0.003%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1001	−0.155%	$225K	$49K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	−0.087%	$735K	$6.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0098%	8h	0.1002	−0.137%	$905	$458K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	−0.022%	$527K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1003	−0.024%	$4.7M	$49.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	−0.108%	$324K	$484K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1002	−0.112%	$324.2M	$1.47B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.087%	$164.1M	$448.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	−0.087%	$114.0M	$1.02B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	−0.091%	$385K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	−0.117%	$246.9M	$135.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	−0.087%	$112.2M	$235.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	−0.087%	$66.5M	$43.8M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	−0.127%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1003	−0.007%	$322K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09987	−0.419%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09996	−0.325%	$296K	$130.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09995	−0.336%	$629K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.286%	$146K	$289K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1002	−0.077%	$259K	$863K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	−0.027%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	−0.031%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	+0.095%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1003	+0.033%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1003	+0.022%	$6.0M	$58.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	+0.053%	$92.3M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1002	−0.098%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	−0.114%	$491K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1003	+0.013%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0159%	1h	0.1003	+0.037%	$600K	$119K	25x	as long as short
Reya DOGERUSDPERP	+0.0190%	1h	0.1003	−0.034%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.1003	−0.030%	$534	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	+0.063%	$15.9M	$25.5M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1001	−0.231%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0269%	1h	0.1003	+0.016%	$314K	—	200x	as long as short
Hyperliquid DOGE	+0.0263%	1h	0.1003	−0.027%	$122.3M	$101.7M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.1004	+0.073%	$2.3M	$27.5M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.1003	+0.033%	$109K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.1003	−0.022%	$405K	$413K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1003	+0.013%	$5K	$239K	12x	as long as short