DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.35 per $10,000 · paid last 24h +0.010%

Price spread now: Coinbase International against Kraken Futures+0.055%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.055%, 7d avg +0.012%

Together, before fees−0.136%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.043% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.091%, 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 -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 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	0.09966	−0.0060	get 0.0008% / 1h	40m 32s	$5.6M	$40.7M	50x
Short	Coinbase International DOGE-PERP-INTX	0.09971	0.0216	get 0.0027% / 1h	40m 32s	$1.9M	$34.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.055%Rate

Funding earned: $57.98
Price spread: +0.055% → +0.012%: $4.35
Slippage, 4 orders: −$19.79
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $22.53
Costs to cover: 0.398%
Break-even: 4.3 days

Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	1.51 bp	10.7 bp −$11	14.9 bp −$149	36.5 bp −$3,650	472.3 bp −$236.1K
Sell Coinbase International live order book, 4 min ago	1.00 bp	8.4 bp −$8	12.6 bp −$126	33.7 bp −$3,374	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
Kraken Futures PF_DOGEUSDlong	−0.0060%	1h	0.09966	long leg	$5.6M	$40.7M	50x
dYdX DOGE-USD	0.0000%	1h	0.09953	−0.130%	$224K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09968	+0.029%	$594K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09964	−0.020%	$35K	—	150x	as long as short
Bitget DOGEUSDT	+0.0022%	8h	0.09932	−0.336%	$140.7M	$346.8M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.664%	$6K	$242K	12x	as long as short
Polymarket Perps DOGE-USD	+0.0037%	1h	0.09936	−0.297%	$259K	$1.2M	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0061%	1h	0.09969	+0.039%	$572K	$252K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09956	−0.097%	$836K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09940	−0.251%	$536K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09947	−0.184%	$123.8M	$117.2M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09942	−0.234%	$4.5M	$59.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09951	−0.146%	$319K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09939	−0.266%	$328.1M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09935	−0.306%	$164.6M	$524.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09939	−0.266%	$116.0M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09943	−0.226%	$17K	$308K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09921	−0.445%	$381K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09941	−0.246%	$249.3M	$156.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09946	−0.196%	$117.2M	$258.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09945	−0.206%	$66.3M	$49.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09943	−0.226%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09965	−0.005%	$302K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09964	−0.020%	$1.1M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09966	+0.009%	$303K	$139.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09982	+0.162%	$629K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	+0.145%	$146K	$342K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09969	+0.035%	$71K	$472K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09968	+0.025%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09974	+0.086%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09966	+0.005%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09970	+0.049%	$5.9M	$68.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09966	+0.005%	$91.3M	$16.8M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09949	−0.161%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09938	−0.273%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09968	+0.022%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0107%	8h	0.09938	−0.276%	$830	$539K	10x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09978	+0.125%	$18K	$382K	10x	as long as short
Reya DOGERUSDPERP	+0.0199%	1h	0.09959	−0.064%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTXshort	+0.0216%	1h	0.09971	+0.055%	$1.9M	$34.8M	50x
BloFin DOGE-USDT	+0.0220%	8h	0.09964	−0.015%	$15.5M	$27.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09964	−0.019%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.09946	−0.197%	$442	$4K	10x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09946	−0.191%	$405K	$462K	10x	as long as short