Funding you earn now, next payment 09:00 UTC−0.0195%/8h= −21.4% APRnext payment −$0.24 per $10,000 · paid last 24h +0.018%
Price spread now: Kraken Futures against Nado−0.015%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 4 days (all we have)+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.015%, 7d avg +0.032%
=Together, before fees−0.046%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.046% cheaper against Nado than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.011% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. 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 | Nado DOGE-PERP | 0.09971 | 0.0100 | pay 0.0012% / 1h | 0m 36s | $517K | $1.1M | 10x |
| Short | Kraken Futures PF_DOGEUSD | 0.09970 | −0.0095 | pay 0.0012% / 1h | 0m 36s | $5.4M | $40.6M | 50x |
Nado DOGE-PERP
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Nado. 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
- −$41.05
- Price spread: −0.015% → +0.032%
- −$4.64
- Slippage, 4 orders
- −$14.66
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$77.35
- Costs to cover
- 0.317%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; Kraken Futures: 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 Nado live order book, 3 min ago | 1.50 bp | 6.8 bp −$7 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 1.00 bp | 7.4 bp −$7 | 11.1 bp −$111 | 35.7 bp −$3,574 | 471.2 bp −$235.6K |
DOGE on 43 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_DOGEUSDshort | −0.0095% | 1h | 0.09970 | −0.015% | $5.4M | $40.6M | 50x | |
| Bitget DOGEUSDT | −0.0023% | 8h | 0.09959 | −0.125% | $140.7M | $347.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09970 | −0.012% | $515K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09958 | −0.134% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.601% | $6K | $242K | 12x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0061% | 1h | 0.09972 | +0.010% | $558K | $301K | 25x | as long as short |
| Gate DOGE_USDT | +0.0070% | 8h | 0.09968 | −0.035% | $252.9M | $157.3M | 75x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09963 | −0.085% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09975 | +0.036% | $829K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09970 | −0.015% | $1K | $544K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Deribit DOGE_USDC-PERPETUAL
Gate DOGE_USDT
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERPlong | +0.0100% | 1h | 0.09971 | long leg | $517K | $1.1M | 10x | |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09975 | +0.039% | $124.5M | $113.5M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09971 | −0.005% | $5.0M | $58.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09968 | −0.034% | $324K | $474K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09969 | −0.023% | $329.1M | $1.69B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09965 | −0.065% | $167.9M | $521.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09964 | −0.075% | $116.9M | $1.18B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09972 | +0.005% | $17K | $307K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09946 | −0.261% | $380K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09967 | −0.045% | $113.0M | $266.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09966 | −0.055% | $66.3M | $49.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09962 | −0.095% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09965 | −0.065% | $309K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09958 | −0.139% | $1.1M | $8.3M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09957 | −0.149% | $264K | $138.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09957 | −0.147% | $627K | $4.0M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | −0.216% | $142K | $346K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09967 | −0.047% | $260K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09970 | −0.015% | $72K | $451K | 50x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09973 | +0.014% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09969 | −0.025% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09981 | +0.099% | $6.0M | $67.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09968 | −0.035% | $91.0M | $16.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09965 | −0.070% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09964 | −0.078% | $483K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09969 | −0.023% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0203% | 1h | 0.09965 | −0.065% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09976 | +0.044% | $459 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09980 | +0.085% | $2.2M | $35.4M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09969 | −0.025% | $15.5M | $27.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0304% | 1h | 0.09969 | −0.024% | $360K | — | 200x | as long as short |
| dYdX DOGE-USD | +0.0343% | 1h | 0.09964 | −0.071% | $234K | $72K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09975 | +0.035% | $404K | $450K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC