Funding you earn now, next payment 04:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.047%
Price spread now: Kalshi against Reya−0.321%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kalshi is 0.321% cheaper against Reya than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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 | Reya DOGERUSDPERP | 0.1003 | 0.0190 | pay 0.0024% / 1h | 17m 30s | $2K | — | 20x |
| Short | Kalshi KXDOGEPERP | 0.09993 | 0 | get 0.0000% / 8h | 17m 30s | $395K | $5.2M | 2.8x |
Reya DOGERUSDPERP
Kalshi KXDOGEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Reya. 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
- −$39.85
- Price spread: −0.321% → 0.000%
- −$32.08
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$87.92
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Kalshi: live order book, 1 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 1 min ago | 3.81 bp | 13.3 bp −$13 | 18.6 bp −$186 | doesn't fit | doesn't fit |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0037% | 8h | 0.1002 | −0.062% | $151.5M | $276.8M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09986 | −0.390% | $5.7M | $35.7M | 50x | as long as short |
| Kalshi KXDOGEPERPshort | 0.0000% | 8h | 0.09993 | −0.321% | $395K | $5.2M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09983 | −0.422% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0014% | 1h | 0.1003 | +0.021% | $225K | $49K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | +0.029% | $735K | $6.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1003 | +0.037% | $1K | $457K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1003 | +0.012% | $527K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.031% | $4.7M | $49.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1003 | +0.075% | $325K | $484K | 20x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
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 | 0.1003 | +0.037% | $324.6M | $1.47B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1003 | +0.017% | $164.2M | $448.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1003 | +0.027% | $113.9M | $1.02B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | −0.056% | $385K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1003 | +0.027% | $247.2M | $135.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1004 | +0.107% | $112.1M | $235.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1003 | +0.057% | $66.5M | $43.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.057% | — | $77.0M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1001 | −0.182% | $321K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09987 | −0.385% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09996 | −0.290% | $296K | $130.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09995 | −0.302% | $629K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | −0.252% | $146K | $289K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1002 | −0.042% | $259K | $863K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09986 | −0.392% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09985 | −0.398% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09983 | −0.420% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09988 | −0.372% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09972 | −0.530% | $5.9M | $58.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09993 | −0.322% | $91.9M | $16.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1003 | +0.054% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1003 | +0.050% | $491K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09987 | −0.382% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0131% | 1h | 0.09989 | −0.365% | $597K | $119K | 25x | as long as short |
| Reya DOGERUSDPERPlong | +0.0190% | 1h | 0.1003 | long leg | $2K | — | 20x | |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.1004 | +0.147% | $535 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09997 | −0.282% | $15.8M | $25.4M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.1001 | −0.197% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0269% | 1h | 0.09983 | −0.419% | $312K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0265% | 1h | 0.1003 | +0.077% | $122.2M | $101.5M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09988 | −0.372% | $2.3M | $27.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.1005 | +0.207% | $110K | $199K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.1004 | +0.147% | $406K | $413K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1003 | +0.047% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
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
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
Deribit DOGE_USDC-PERPETUAL
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP