Funding you earn now, next payment 05:00 UTC−0.0240%/8h= −26.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.052%
Price spread now: Deribit against Kraken Futures−0.141%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$460.457% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.141%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.136% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOGEUSD | 0.1047 | 0.0240 | pay 0.0030% / 1h | 53m 30s | $5.8M | $37.2M | 50x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1045 | 0 | get 0.0000% / 1h | 53m 30s | $614K | $167K | 25x |
Kraken Futures PF_DOGEUSD
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$50.47
- Price spread: −0.141% → −0.005%
- −$13.59
- Slippage, 4 orders
- −$28.66
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$109.72
- Costs to cover
- 0.457%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; Deribit: live order book, 65 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 | 4.41 bp | 14.5 bp −$15 | 18.6 bp −$186 | 35.5 bp −$3,548 | doesn't fit |
| Sell Deribit live order book, 65 min ago | 3.53 bp | 7.0 bp −$7 | 13.1 bp −$131 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0010% | 8h | 0.1051 | +0.443% | $143.0M | $305.7M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1053 | +0.563% | $236K | $59K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | 0.0000% | 1h | 0.1045 | −0.141% | $614K | $167K | 25x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1044 | −0.280% | $25K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1050 | +0.332% | $767K | $6.3M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1054 | +0.716% | $571K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1051 | +0.412% | $4.9M | $52.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1052 | +0.538% | $347K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1054 | +0.644% | $348.0M | $1.55B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1053 | +0.625% | $173.8M | $479.2M | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1056 | +0.825% | $119.4M | $1.14B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | −0.021% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1049 | +0.176% | $258.0M | $139.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1053 | +0.634% | $119.0M | $238.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1050 | +0.319% | $69.3M | $46.2M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1051 | +0.434% | — | $78.0M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1049 | +0.249% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1048 | +0.131% | $318K | $133.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1028 | −1.762% | $651K | $4.5M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1045 | −0.216% | $268K | $885K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1045 | −0.139% | $73K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1046 | −0.109% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1047 | +0.025% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1047 | −0.006% | $2K | $4.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1046 | −0.043% | $6.2M | $61.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1046 | −0.130% | $96.1M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1053 | +0.576% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1052 | +0.487% | $512K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1045 | −0.136% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0126% | 8h | 0.1053 | +0.606% | $2K | $480K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1045 | −0.204% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1047 | −0.006% | $16.4M | $27.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0240% | 1h | 0.1047 | long leg | $5.8M | $37.2M | 50x | |
| Phoenix DOGE | +0.0242% | 1h | 0.1022 | −2.354% | $66K | $292K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1053 | +0.571% | $468 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0317% | 1h | 0.1044 | −0.285% | $343K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0286% | 1h | 0.1046 | −0.053% | $346K | $1.2M | 15x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1048 | +0.071% | $2.1M | $31.3M | 50x | as long as short |
| Kalshi KXDOGEPERP | +0.0307% | 8h | 0.1048 | +0.105% | $750K | $6.1M | 2.8x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1053 | +0.548% | $114K | $200K | 10x | as long as short |
| Hyperliquid DOGE | +0.0663% | 1h | 0.1050 | +0.344% | $129.8M | $106.3M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1053 | +0.626% | $425K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.587% | $6K | $242K | 12x | as long as short |
| ApeX Omni DOGEUSDT | +0.1281% | 1h | 0.1047 | +0.014% | $164K | $302K | 25x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
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
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Coinbase International DOGE-PERP-INTX
Kalshi KXDOGEPERP
Arcus DOGE-USD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP
ApeX Omni DOGEUSDT