DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0252%/8h= −27.6% APRnext payment −$2.52 per $10,000 · paid last 24h +0.030%

Price spread now: Phemex against Kalshi+0.003%7-day average +0.054% · 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−$47as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Kalshi Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.003%, 7d avg +0.054%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.051% cheaper against Kalshi than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.172%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.172% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.52 per $10,000. 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	0.1010	0	get 0.0000% / 8h	3h 31m	$407K	$4.8M	2.8x
Short	Phemex DOGEUSDT	0.1010	−0.0252	pay 0.0252% / 8h	7h 31m	$93.2M	$18.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$52.84
Price spread: +0.003% → +0.054%: −$5.12
Slippage, 4 orders: −$20.11
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$100.07
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Phemex: 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	4.07 bp	9.2 bp −$9	16.5 bp −$165	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.48 bp	10.2 bp −$10	20.3 bp −$203	37.2 bp −$3,722	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
Phemex DOGEUSDTshort	−0.0252%	8h	0.1010	+0.003%	$93.2M	$18.0M	50x
Bitget DOGEUSDT	−0.0187%	8h	0.1011	+0.102%	$153.9M	$270.8M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1009	−0.139%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERPlong	0.0000%	8h	0.1010	long leg	$407K	$4.8M	2.8x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1007	−0.250%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0021%	1h	0.1006	−0.350%	$226K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1009	−0.076%	$790K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1006	−0.443%	$840	$410K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	−0.373%	$517K	$973K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1008	−0.155%	$5.0M	$46.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1007	−0.337%	$335K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1012	+0.211%	$322.1M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1012	+0.201%	$160.6M	$438.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1012	+0.221%	$110.9M	$975.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	−0.452%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−0.477%	$385K	$9K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1011	+0.122%	$245.7M	$129.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1012	+0.191%	$114.1M	$224.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1012	+0.191%	$66.3M	$42.6M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1010	+0.013%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1012	+0.171%	$368K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.052%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	−0.244%	$265K	$123.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1007	−0.324%	$643K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1010	+0.003%	$148K	$267K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	−0.443%	$275K	$583K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1008	−0.205%	$73K	$427K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1008	−0.191%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	−0.170%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	−0.146%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	+0.018%	$6.0M	$52.6M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1006	−0.434%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1012	+0.156%	$532K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	−0.194%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0157%	1h	0.1008	−0.148%	$607K	$121K	25x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1006	−0.355%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1006	−0.406%	$531	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	−0.403%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1008	−0.215%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1008	−0.225%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.1007	−0.263%	$310K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1005	−0.453%	$318K	$477K	10x	as long as short
Hyperliquid DOGE	+0.0855%	1h	0.1013	+0.260%	$122.7M	$93.8M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1011	+0.102%	$5K	$239K	12x	as long as short