Funding you earn now, next payment 03:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.029%
Price spread now: MEXC against Kraken Futures+0.206%51s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$220.220% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.206%, 7d avg −0.015%
=The price spread pays, funding is against you. MEXC is 0.222% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.206% now, against its 7-day average of −0.015%): +$22 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.058% in total) that is about 27 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% 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 | 0.09920 | 0.0308 | pay 0.0039% / 1h | 11m 22s | $5.7M | $35.3M | 50x |
| Short | MEXC DOGE_USDT | 0.09940 | 0.0100 | get 0.0100% / 8h | 5h 11m | $111.9M | $231.6M | 300x |
Kraken Futures PF_DOGEUSD
MEXC DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$43.74
- Price spread: +0.206% → −0.015%
- $22.16
- Slippage, 4 orders
- −$12.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$43.6
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage from Kraken Futures: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 1.51 bp | 11.0 bp −$11 | 13.2 bp −$132 | 35.9 bp −$3,587 | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.50 bp | 0.5 bp −$1 | 2.5 bp −$25 | 9.7 bp −$975 | 33.6 bp −$16.8K |
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 | −0.0076% | 8h | 0.09932 | +0.125% | $150.2M | $274.0M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09924 | +0.048% | $223K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09937 | +0.180% | $429K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09944 | +0.244% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0063% | 1h | 0.09920 | 0.000% | $593K | $118K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09938 | +0.186% | $770K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09941 | +0.216% | $898 | $444K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09936 | +0.166% | $533K | $997K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09931 | +0.115% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09932 | +0.129% | $326K | $483K | 20x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09945 | +0.257% | $318.3M | $1.44B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09948 | +0.287% | $160.2M | $441.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09951 | +0.317% | $110.9M | $987.6M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09966 | +0.468% | $382K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09940 | +0.206% | $243.0M | $133.8M | 75x | as long as short |
| MEXC DOGE_USDTshort | +0.0100% | 8h | 0.09940 | +0.206% | $111.9M | $231.6M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09938 | +0.186% | $65.8M | $43.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09943 | +0.236% | — | $76.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09918 | −0.016% | $326K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09975 | +0.554% | $988K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09943 | +0.239% | $296K | $128.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09934 | +0.146% | $627K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | +0.206% | $145K | $281K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09931 | +0.117% | $251K | $742K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09951 | +0.317% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09918 | −0.012% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09924 | +0.043% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09917 | −0.026% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09912 | −0.078% | $5.9M | $56.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09917 | −0.026% | $91.3M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0102% | 8h | 0.09926 | +0.069% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09931 | +0.120% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09918 | −0.017% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0187% | 1h | 0.09938 | +0.187% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09942 | +0.225% | $530 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09932 | +0.125% | $15.6M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09930 | +0.109% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09940 | +0.210% | $311K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09926 | +0.065% | $2.3M | $26.3M | 50x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0308% | 1h | 0.09920 | long leg | $5.7M | $35.3M | 50x | |
| Hyperliquid DOGE | +0.0522% | 1h | 0.09948 | +0.284% | $121.3M | $100.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09944 | +0.244% | $402K | $388K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09950 | +0.307% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1000 | +0.811% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate 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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP