Funding you earn now, next payment 01:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h −0.035%
Price spread now: Polymarket Perps against Kraken Futures+0.158%48s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as 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−$370.373% of the position
Funding, last 7 days−0.378%−$38 on $10k
+Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.158%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.187% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.378%, so the current rate has only just turned in your favour. The two prices were read 48 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 | 0.1004 | −0.0077 | get 0.0010% / 1h | 38m 28s | $6.0M | $33.9M | 50x |
| Short | Polymarket Perps DOGE-USD | 0.1006 | 0.0100 | get 0.0013% / 1h | 38m 28s | $264K | $554K | 10x |
Kraken Futures PF_DOGEUSD
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $37.19
- Price spread: +0.158% → −0.029%
- $18.69
- Slippage, 4 orders
- −$19.28
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $18.59
- Costs to cover
- 0.373%
- Break-even
- 3.5 days
Slippage from Kraken Futures: live order book, 6 min ago; Polymarket Perps: live order book, 34 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 | 1.00 bp | 9.7 bp −$10 | 11.9 bp −$119 | 26.2 bp −$2,618 | doesn't fit |
| Sell Polymarket Perps live order book, 34 min ago | 3.03 bp | 7.0 bp −$7 | 7.2 bp −$72 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DOGEUSDT | −0.0355% | 8h | 0.1005 | +0.068% | $92.8M | $18.4M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0191% | 8h | 0.1005 | +0.118% | $153.1M | $270.8M | 75x | as long as short |
| Kraken Futures PF_DOGEUSDlong | −0.0077% | 1h | 0.1004 | long leg | $6.0M | $33.9M | 50x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1008 | +0.425% | $401K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1004 | +0.025% | $604K | $121K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1005 | +0.098% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0027% | 1h | 0.1006 | +0.180% | $226K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1006 | +0.197% | $821K | $5.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1006 | +0.198% | $998 | $404K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1006 | +0.188% | $517K | $973K | 10x | as long as short |
Phemex DOGEUSDT
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.170% | $5.0M | $46.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1006 | +0.196% | $335K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.141% | $319.4M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1005 | +0.088% | $159.3M | $438.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1006 | +0.148% | $110.3M | $969.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1007 | +0.237% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1005 | +0.094% | $385K | $9K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1006 | +0.158% | $244.2M | $128.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1007 | +0.237% | $113.8M | $223.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1006 | +0.138% | $65.8M | $42.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1006 | +0.178% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1005 | +0.088% | $368K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | +0.217% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1007 | +0.238% | $265K | $122.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | +0.186% | $640K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1007 | +0.277% | $148K | $264K | 25x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0100% | 1h | 0.1006 | +0.158% | $264K | $554K | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1005 | +0.088% | $73K | $431K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1005 | +0.057% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1005 | +0.115% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1004 | +0.018% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1004 | +0.028% | $6.0M | $52.4M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1006 | +0.217% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1006 | +0.206% | $588K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1004 | +0.022% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0181% | 1h | 0.1006 | +0.171% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.1006 | +0.176% | $531 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1005 | +0.048% | $15.3M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1005 | +0.078% | $2.0M | $24.8M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1007 | +0.298% | $67K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.1006 | +0.133% | $310K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1007 | +0.232% | $319K | $478K | 10x | as long as short |
| Hyperliquid DOGE | +0.0844% | 1h | 0.1007 | +0.227% | $121.1M | $92.8M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1011 | +0.675% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP