Funding you earn now, next payment 09:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h −0.023%
Price spread now: Binance against Kraken Futures+0.009%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.009%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.022% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.7% 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 | Kraken Futures PF_DOGEUSD | 0.09886 | −0.0096 | get 0.0012% / 1h | 56m 12s | $5.5M | $40.8M | 50x |
| Short | Binance DOGEUSDT | 0.09887 | 0.0100 | get 0.0100% / 8h | 7h 56m | $326.9M | $1.72B | 75x |
Kraken Futures PF_DOGEUSD
Binance DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $41.22
- Price spread: +0.009% → −0.013%
- $2.23
- Slippage, 4 orders
- −$13.9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $9.55
- Costs to cover
- 0.339%
- Break-even
- 5.4 days
Slippage from Kraken Futures: live order book, 3 min ago; Binance: 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 Kraken Futures live order book, 3 min ago | 1.52 bp | 12.1 bp −$12 | 14.4 bp −$144 | 31.2 bp −$3,116 | doesn't fit |
| Sell Binance live order book, 3 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_DOGEUSDlong | −0.0096% | 1h | 0.09886 | long leg | $5.5M | $40.8M | 50x | |
| Bitget DOGEUSDT | −0.0007% | 8h | 0.09874 | −0.122% | $140.2M | $347.8M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09894 | +0.080% | $222K | $63K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09902 | +0.161% | $580K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09884 | −0.026% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.514% | $6K | $242K | 12x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0074% | 1h | 0.09888 | +0.019% | $554K | $281K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09894 | +0.083% | $825K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09889 | +0.030% | $1K | $544K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09886 | +0.004% | $535K | $1.1M | 10x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Deribit DOGE_USDC-PERPETUAL
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 | 0.09893 | +0.066% | $123.4M | $117.4M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09888 | +0.019% | $4.9M | $59.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09899 | +0.131% | $321K | $506K | 20x | as long as short |
| Binance DOGEUSDTshort | +0.0100% | 8h | 0.09887 | +0.009% | $326.9M | $1.72B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09878 | −0.082% | $163.2M | $523.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09881 | −0.051% | $115.0M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09893 | +0.070% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.011% | $377K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09882 | −0.041% | $250.1M | $152.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09884 | −0.021% | $117.4M | $257.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09885 | −0.011% | $66.2M | $49.9M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09889 | +0.030% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09881 | −0.051% | $301K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09877 | −0.090% | $1.0M | $8.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09873 | −0.130% | $301K | $139.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09865 | −0.213% | $625K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09870 | −0.162% | $141K | $346K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09890 | +0.042% | $257K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09886 | −0.001% | $70K | $473K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09903 | +0.174% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09891 | +0.051% | $34K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09885 | −0.011% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09894 | +0.082% | $5.9M | $69.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09887 | +0.009% | $90.4M | $16.7M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09893 | +0.065% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09880 | −0.057% | $485K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09887 | +0.006% | $19K | — | 3x | as long as short |
| Phoenix DOGE | +0.0160% | 1h | 0.09885 | −0.007% | $18K | $386K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0201% | 1h | 0.09882 | −0.038% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09889 | +0.030% | $1.9M | $34.9M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09899 | +0.131% | $15.5M | $26.8M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.09898 | +0.119% | $440 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0285% / S −0.0425% | 1h | 0.09882 | −0.036% | $397K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09899 | +0.131% | $398K | $455K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Phoenix DOGE
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC