Funding you earn now, next payment 23:00 UTC−0.0263%/8h= −28.8% APRpaid last 24h −0.033%
Price spread now: Bybit against Kraken Futures−0.057%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.325% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.057%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% 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 | 0.1004 | 0.0363 | pay 0.0045% / 1h | 9m 05s | $5.9M | $32.8M | 50x |
| Short | Bybit DOGEUSDT | 0.1003 | 0.0100 | get 0.0100% / 8h | 1h 09m | $158.9M | $421.2M | 75x |
Kraken Futures PF_DOGEUSD
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$55.24
- Price spread: −0.057% → −0.028%
- −$2.98
- Slippage, 4 orders
- −$11.52
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$90.73
- Costs to cover
- 0.325%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Bybit: live order book, 5 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 | 1.49 bp | 10.1 bp −$10 | 12.8 bp −$128 | 35.4 bp −$3,539 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.50 bp | 6.9 bp −$7 | 9.3 bp −$93 | 19.9 bp −$1,992 | 39.7 bp −$19.8K |
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 | −0.0258% | 8h | 0.1003 | −0.117% | $153.1M | $266.8M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1004 | −0.003% | $415K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1003 | −0.087% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0037% | 1h | 0.1002 | −0.161% | $225K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0049% | 1h | 0.1003 | −0.033% | $608K | $109K | 25x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1002 | −0.148% | $66K | $222K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1004 | +0.050% | $791K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1003 | −0.057% | $838 | $371K | 10x | as long as short |
| Gate DOGE_USDT | +0.0099% | 8h | 0.1003 | −0.067% | $241.7M | $125.1M | 75x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1003 | −0.117% | $571K | $863K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USD
Gate DOGE_USDT
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 | 0.1004 | −0.026% | $4.9M | $44.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1003 | −0.091% | $334K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.008% | $319.1M | $1.33B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.1003 | −0.057% | $158.9M | $421.2M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1004 | −0.018% | $109.2M | $933.5M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1003 | −0.027% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | −0.095% | $384K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1004 | −0.018% | $112.0M | $218.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1003 | −0.027% | $66.1M | $41.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.057% | — | $74.7M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | −0.166% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1003 | −0.075% | $277K | $116.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1003 | −0.037% | $633K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1003 | −0.077% | $147K | $245K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1003 | −0.077% | $267K | $541K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1003 | −0.067% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1003 | −0.069% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1004 | −0.021% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1004 | +0.002% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1004 | +0.025% | $6.0M | $50.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.018% | $92.9M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1003 | −0.108% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1003 | −0.058% | $554K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1003 | −0.043% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0177% | 1h | 0.1003 | −0.047% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1004 | +0.029% | $530 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1005 | +0.082% | $2.0M | $23.7M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1003 | −0.067% | $15.3M | $25.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0248% / S −0.0216% | 1h | 0.1003 | −0.096% | $351K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0363% | 1h | 0.1004 | long leg | $5.9M | $32.8M | 50x | |
| Backpack DOGE_USDC_PERP | +0.0401% | 1h | 0.1004 | +0.032% | $536K | $959K | 15x | as long as short |
| Hyperliquid DOGE | +0.0502% | 1h | 0.1005 | +0.122% | $114.7M | $84.9M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1004 | −0.016% | $314K | $476K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1006 | +0.222% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk 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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP