Funding you earn now, next payment 05:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.060%
Price spread now: Kalshi against Kraken Futures+0.163%57s7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.475% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.163%, 7d avg −0.054%
=The price spread pays, funding is against you. Kalshi is 0.218% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of −0.054%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.217% in total) that is about 7.0 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOGEUSD | 0.1026 | 0.0245 | pay 0.0031% / 1h | 24m 21s | $5.5M | $38.8M | 50x |
| Short | Kalshi KXDOGEPERP | 0.1028 | 0 | get 0.0000% / 8h | 7h 24m | $710K | $6.3M | 2.8x |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$51.48
- Price spread: +0.163% → −0.054%
- $21.79
- Slippage, 4 orders
- −$27.48
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$77.18
- Costs to cover
- 0.475%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Kalshi: 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, 5 min ago | 2.41 bp | 10.6 bp −$11 | 11.9 bp −$119 | 31.6 bp −$3,163 | doesn't fit |
| Sell Kalshi live order book, 4 min ago | 5.08 bp | 10.2 bp −$10 | 17.4 bp −$174 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERPshort | 0.0000% | 8h | 0.1028 | +0.163% | $710K | $6.3M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1026 | −0.003% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0014% | 1h | 0.1026 | −0.054% | $230K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0057% | 8h | 0.1027 | +0.044% | $133.8M | $315.7M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1027 | +0.065% | $724K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1027 | +0.048% | $556K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1026 | +0.030% | $4.9M | $54.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1026 | +0.009% | $329K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1027 | +0.051% | $340.1M | $1.61B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1026 | +0.024% | $168.3M | $496.2M | 75x | as long as short |
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
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 | 0.1027 | +0.063% | $117.1M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +1.960% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1026 | +0.005% | $254.0M | $145.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1027 | +0.044% | $116.7M | $244.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1027 | +0.063% | $67.5M | $48.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1026 | +0.024% | — | $79.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1026 | −0.044% | $341K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1026 | −0.009% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1031 | +0.521% | $329K | $135.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1038 | +1.168% | $656K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1032 | +0.570% | $156K | $329K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1026 | −0.015% | $259K | $979K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1027 | +0.044% | $69K | $467K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1026 | +0.029% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1027 | +0.063% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1026 | +0.014% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1026 | −0.021% | $6.0M | $65.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1026 | +0.014% | $94.3M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1026 | −0.023% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1026 | +0.025% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1027 | +0.044% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0122% | 8h | 0.1026 | +0.014% | $2K | $497K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1026 | +0.014% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1027 | +0.083% | $16.7M | $27.2M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1031 | +0.486% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0245% | 1h | 0.1026 | long leg | $5.5M | $38.8M | 50x | |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1028 | +0.156% | $457 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1026 | −0.002% | $331K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1027 | +0.073% | $2.1M | $33.3M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0374% | 1h | 0.1027 | +0.078% | $583K | $247K | 25x | as long as short |
| Hyperliquid DOGE | +0.0526% | 1h | 0.1027 | +0.131% | $128.2M | $110.1M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1028 | +0.200% | $111K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1027 | +0.131% | $415K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +2.616% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
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
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUAL
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP