Funding you earn now, next payment 22:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.031%
Price spread now: BingX against Kraken Futures−0.006%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.006%, 7d avg −0.014%
=The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% 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 | 0.09955 | 0.0287 | pay 0.0036% / 1h | 24m 14s | $6.0M | $31.8M | 50x |
| Short | BingX DOGE-USDT | 0.09954 | 0.0100 | get 0.0100% / 8h | 2h 24m | — | $73.3M | — |
Kraken Futures PF_DOGEUSD
BingX DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$39.33
- Price spread: −0.006% → −0.014%
- $0.83
- Slippage, 4 orders
- −$10.58
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$69.07
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; BingX: live order book, 10 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, 5 min ago | 1.52 bp | 11.0 bp −$11 | 12.7 bp −$127 | 30.6 bp −$3,056 | 695.1 bp −$347.5K |
| Sell BingX live order book, 10 min ago | 1.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 12.2 bp −$1,217 | 24.1 bp −$12.1K |
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 | −0.0279% | 8h | 0.09945 | −0.096% | $152.8M | $260.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09951 | −0.037% | $375K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09959 | +0.041% | $622K | $103K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09952 | −0.022% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0070% | 8h | 0.09950 | −0.046% | $237.3M | $119.9M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09946 | −0.089% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09937 | −0.177% | $1K | $338K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09957 | +0.024% | $789K | $5.1M | 15x | as long as short |
| dYdX DOGE-USD | +0.0098% | 1h | 0.09940 | −0.142% | $223K | $44K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09948 | −0.066% | $631K | $695K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
dYdX DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09954 | −0.006% | $4.8M | $40.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09948 | −0.068% | $337K | $494K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09954 | −0.006% | $315.1M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09951 | −0.036% | $158.0M | $397.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09956 | +0.014% | $108.7M | $892.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09947 | −0.076% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09838 | −1.171% | $377K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09952 | −0.026% | $113.0M | $218.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09953 | −0.016% | $65.4M | $39.2M | 75x | as long as short |
| BingX DOGE-USDTshort | +0.0100% | 8h | 0.09954 | −0.006% | — | $73.3M | — | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09927 | −0.275% | $922K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09902 | −0.525% | $263K | $112.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09913 | −0.417% | $631K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | −0.448% | $141K | $223K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09944 | −0.104% | $273K | $528K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09956 | +0.014% | $57K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09953 | −0.014% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09959 | +0.043% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09955 | +0.004% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09955 | +0.001% | $6.0M | $46.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09952 | −0.026% | $92.3M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09940 | −0.149% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09952 | −0.026% | $548K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09908 | −0.466% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09949 | −0.059% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09945 | −0.097% | $525 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09950 | −0.046% | $15.1M | $23.9M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09961 | +0.065% | $2.0M | $22.4M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0240% | 1h | 0.09959 | +0.044% | $526K | $931K | 15x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0264% | 1h | 0.09952 | −0.030% | $307K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0287% | 1h | 0.09955 | long leg | $6.0M | $31.8M | 50x | |
| Hyperliquid DOGE | +0.0424% | 1h | 0.09963 | +0.080% | $110.1M | $78.9M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09948 | −0.061% | $312K | $473K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09960 | +0.055% | $5K | $180K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Backpack DOGE_USDC_PERP
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP