Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0167%/8h= +18.2% APRpaid last 24h −0.023%

Price spread now: Katana Perps against Kraken Futures−0.088%7-day average −0.027% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.088%, 7d avg −0.027%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Katana Perps is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.027%). If the spread goes back, that is −$6 on $10k: about 29 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 4 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DOGEUSD	0.09902	−0.0060	get 0.0008% / 1h	21m 41s	$5.5M	$40.8M	50x
Short	Katana Perps DOGE-USD	0.09893	0.0106	get 0.0106% / 8h	21m 41s	$827	$542K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.088%Rate

Funding earned: $34.99
Price spread: −0.088% → −0.027%: −$6.02
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $15.17
Costs to cover: 0.138%
Break-even: 4.0 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 2 min ago	1.01 bp	11.0 bp −$11	14.9 bp −$149	33.0 bp −$3,303	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.09902	long leg	$5.5M	$40.8M	50x
dYdX DOGE-USD	0.0000%	1h	0.09900	−0.016%	$222K	$63K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09916	+0.146%	$580K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09899	−0.023%	$35K	—	150x	as long as short
Bitget DOGEUSDT	+0.0008%	8h	0.09889	−0.128%	$140.2M	$347.7M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0021%	1h	0.09896	−0.062%	$258K	$1.2M	10x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.346%	$6K	$242K	12x	as long as short
Lighter DOGE	+0.0096%	1h	0.09909	+0.076%	$828K	$6.9M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09900	−0.012%	$535K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09906	+0.039%	$123.3M	$117.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09901	−0.008%	$4.5M	$59.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09901	−0.009%	$321K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09902	+0.001%	$327.0M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09895	−0.067%	$164.0M	$526.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09900	−0.017%	$115.0M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09895	−0.067%	$16K	$311K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09914	+0.124%	$379K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09894	−0.077%	$248.8M	$158.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09900	−0.017%	$116.9M	$259.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09898	−0.037%	$66.1M	$50.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09899	−0.027%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09899	−0.027%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09875	−0.273%	$1.0M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09889	−0.125%	$300K	$139.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09892	−0.099%	$623K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09890	−0.118%	$142K	$345K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09901	−0.007%	$71K	$473K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09900	−0.015%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09907	+0.057%	$34K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09902	+0.003%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09903	+0.013%	$5.8M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09901	−0.007%	$90.6M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09899	−0.027%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09892	−0.094%	$485K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09904	+0.024%	$19K	—	3x	as long as short
Katana Perps DOGE-USDshort	+0.0106%	8h	0.09893	−0.088%	$827	$542K	10x
Phoenix DOGE	+0.0160%	1h	0.09907	+0.055%	$18K	$382K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0164%	1h	0.09905	+0.036%	$569K	$257K	25x	as long as short
Reya DOGERUSDPERP	+0.0200%	1h	0.09897	−0.049%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09905	+0.034%	$1.9M	$35.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09913	+0.114%	$15.5M	$26.9M	75x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09901	−0.006%	$440	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09900	−0.015%	$312K	—	200x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09902	+0.008%	$403K	$461K	10x	as long as short