Funding you earn now, next payment 22:00 UTC−0.0190%/8h= −20.8% APRnext payment −$0.24 per $10,000 · paid last 24h −0.031%
Price spread now: Bulk against Kraken Futures−0.397%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 3 days (all we have)−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)+0.344%+$34 · spread now −0.397%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bulk is 0.401% cheaper against Kraken Futures than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.024% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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 | Kraken Futures PF_DOGEUSD | 0.09877 | 0.0290 | pay 0.0036% / 1h | 28m 22s | $5.9M | $31.6M | 50x |
| Short | Bulk DOGE-USD | 0.09838 | 0.0100 | get 0.0013% / 1h | 28m 22s | $377K | $19K | 10x |
Kraken Futures PF_DOGEUSD
Bulk DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$39.81
- Price spread: −0.397% → +0.004%
- −$40.14
- Slippage, 4 orders
- −$14.42
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$111.37
- Costs to cover
- 0.314%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; Bulk: live order book, 60 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, 6 min ago | 0.51 bp | 5.5 bp −$6 | 6.1 bp −$61 | 26.0 bp −$2,600 | 685.4 bp −$342.7K |
| Sell Bulk live order book, 60 min ago | 5.02 bp | 8.5 bp −$9 | 8.5 bp −$85 | 15.0 bp −$1,503 | 27.0 bp −$13.5K |
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 | −0.0280% | 8h | 0.09868 | −0.093% | $151.8M | $260.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09881 | +0.037% | $360K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09881 | +0.037% | $618K | $103K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09869 | −0.083% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0066% | 8h | 0.09866 | −0.114% | $234.7M | $119.5M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09864 | −0.138% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09867 | −0.104% | $824 | $337K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09888 | +0.111% | $784K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09861 | −0.164% | $626K | $694K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09870 | −0.071% | $4.8M | $40.4M | 75x | 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
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 | 0.09870 | −0.069% | $334K | $494K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09886 | +0.088% | $313.6M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09890 | +0.129% | $156.8M | $396.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09879 | +0.018% | $107.7M | $883.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09876 | −0.012% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USDshort | +0.0100% | 1h | 0.09838 | −0.397% | $377K | $19K | 10x | |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09869 | −0.083% | $117.4M | $215.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09868 | −0.093% | $64.7M | $39.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09871 | −0.063% | — | $73.3M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09851 | −0.265% | $915K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09849 | −0.283% | $262K | $112.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09857 | −0.205% | $627K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09850 | −0.276% | $140K | $223K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09867 | −0.109% | $271K | $527K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09879 | +0.018% | $56K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09877 | 0.000% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09875 | −0.023% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09877 | −0.002% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09893 | +0.157% | $5.9M | $46.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09884 | +0.069% | $91.7M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09873 | −0.041% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09875 | −0.023% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09880 | +0.028% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0110% | 1h | 0.09867 | −0.102% | $222K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09865 | −0.129% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09875 | −0.021% | $521 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0213% | 1h | 0.09866 | −0.114% | $521K | $930K | 15x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09859 | −0.185% | $15.1M | $23.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09883 | +0.058% | $2.0M | $22.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09867 | −0.098% | $304K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0290% | 1h | 0.09877 | long leg | $5.9M | $31.6M | 50x | |
| Hyperliquid DOGE | +0.0427% | 1h | 0.09877 | −0.004% | $109.2M | $78.8M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09878 | +0.013% | $310K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09860 | −0.174% | $5K | $180K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
dYdX DOGE-USD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP