Funding you earn now, next payment 05:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.030%
Price spread now: SoDEX against Kraken Futures+0.026%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$340.338% of the position
Funding, last 3 days (all we have)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.026%, 7d avg −0.015%
=The price spread pays, funding is against you. SoDEX is 0.041% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.015%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 3 days (−0.019% in total) that is about 7.4 days.
| 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 48s | $5.5M | $38.8M | 50x |
| Short | SoDEX DOGE-USD | 0.1026 | 0.0100 | get 0.0013% / 1h | 24m 48s | $2K | $5.0M | 10x |
Kraken Futures PF_DOGEUSD
SoDEX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$30.5
- Price spread: +0.026% → −0.015%
- $4.13
- Slippage, 4 orders
- −$15.76
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$60.13
- Costs to cover
- 0.338%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; SoDEX: 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, 4 min ago | 2.41 bp | 10.6 bp −$11 | 11.9 bp −$119 | 31.6 bp −$3,163 | doesn't fit |
| Sell SoDEX live order book, 4 min ago | 0.97 bp | 5.0 bp −$5 | 8.5 bp −$85 | 145.4 bp −$14.5K | 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 KXDOGEPERP | 0.0000% | 8h | 0.1028 | +0.195% | $710K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1027 | +0.101% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0015% | 1h | 0.1028 | +0.188% | $231K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0055% | 8h | 0.1026 | −0.013% | $133.8M | $315.6M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1027 | +0.079% | $724K | $6.4M | 15x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1026 | +0.025% | $4.9M | $54.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1027 | +0.138% | $329K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1026 | +0.026% | $339.9M | $1.61B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1025 | −0.042% | $168.2M | $496.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1025 | −0.042% | $117.1M | $1.15B | 50x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +1.992% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1026 | −0.032% | $253.6M | $145.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1026 | +0.016% | $116.2M | $243.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1026 | +0.026% | $67.4M | $48.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1026 | −0.003% | — | $79.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1026 | −0.013% | $341K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1026 | +0.022% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1031 | +0.552% | $329K | $135.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1038 | +1.200% | $656K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1032 | +0.601% | $156K | $329K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1028 | +0.177% | $557K | $1.1M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1027 | +0.094% | $258K | $975K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1027 | +0.143% | $69K | $467K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1027 | +0.132% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1028 | +0.202% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USDshort | +0.0100% | 1h | 0.1026 | +0.026% | $2K | $5.0M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1026 | +0.011% | $6.0M | $65.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1026 | +0.046% | $94.3M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1027 | +0.102% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1025 | −0.051% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1026 | +0.007% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0122% | 8h | 0.1027 | +0.143% | $2K | $496K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1027 | +0.119% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1027 | +0.114% | $16.7M | $27.2M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1031 | +0.518% | $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 | 0.1029 | +0.262% | $457 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1027 | +0.090% | $331K | — | 200x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0276% | 1h | 0.1027 | +0.065% | $583K | $247K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1026 | +0.055% | $2.0M | $33.0M | 50x | as long as short |
| Hyperliquid DOGE | +0.0527% | 1h | 0.1027 | +0.114% | $128.1M | $110.2M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1029 | +0.309% | $112K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1029 | +0.275% | $415K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +2.648% | $6K | $242K | 12x | as long as short |
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
Nado DOGE-PERP
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
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]
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP