Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0684%/8h= −74.9% APRnext payment $0.85 per $10,000 · paid last 24h −0.134%
Price spread now: Kraken Futures against RISEx−0.209%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$310.309% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.332%−$33 on $10k
Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.209%, 7d avg −0.033%
Together, before fees−0.176%−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Kraken Futures is 0.175% cheaper against RISEx than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx DOGE/USDC0.098730.0686pay 0.0086% / 1h28m 15s$398K$442K10x
ShortKraken Futures PF_DOGEUSD0.098530.0002get 0.0000% / 1h28m 15s$5.6M$39.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against RISEx. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$143.6
Price spread: −0.209% → −0.033%
−$17.54
Slippage, 4 orders
−$14.91
Fee RISEx: 3 bp × 2 orders
−$6
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$192.04
Costs to cover
0.309%
Break-even
never at this rate
Slippage from RISEx: live order book, 20 min ago; Kraken Futures: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 20 min ago2.50 bp5.5 bp −$613.3 bp −$133doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago1.01 bp10.3 bp −$1014.3 bp −$14328.5 bp −$2,849360.2 bp −$180.1K

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXDOGEPERP0.0000%8h0.09890+0.168%$640K$6.4M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09853−0.208%$33K150xas long as short
Kraken Futures PF_DOGEUSDshort+0.0002%1h0.09853−0.209%$5.6M$39.9M50x
Polymarket Perps DOGE-USD+0.0024%1h0.09853−0.202%$266K$1.2M10xas long as short
dYdX DOGE-USD+0.0044%1h0.09867−0.064%$222K$70K10xas long as short
Lighter DOGE+0.0096%1h0.09876+0.023%$842K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09860−0.130%$534K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09860−0.136%$4.4M$57.0M75xas long as short
Pacifica DOGE+0.0100%1h0.09869−0.044%$316K$516K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09854−0.191%$321.8M$1.68B75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit DOGEUSDT+0.0100%8h0.09852−0.216%$161.9M$516.1M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09854−0.196%$114.2M$1.16B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09900+0.270%$380K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09856−0.176%$244.6M$151.8M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09859−0.146%$108.5M$253.4M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09860−0.135%$65.3M$49.5M75xas long as short
Bitget DOGEUSDT+0.0100%8h0.09848−0.257%$132.4M$333.0M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09857−0.166%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09876+0.027%$297K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09877+0.036%$1.0M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09887+0.136%$304K$138.9M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09882+0.087%$628K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09890+0.168%$147K$339K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09854−0.196%$63K$469K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09852−0.212%$18K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09857−0.167%$34K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09854−0.196%$2K$5.3M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09854−0.194%$5.8M$67.8M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09856−0.176%$90.6M$17.0M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09862−0.120%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09849−0.244%$480K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09856−0.181%$19K3xas long as short
Hyperliquid DOGE+0.0109%1h0.09866−0.079%$122.7M$115.0M10xas long as short
Katana Perps DOGE-USD+0.0112%8h0.09866−0.075%$824$525K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0126%1h0.09856−0.172%$560K$247K25xas long as short
01 Exchange DOGEUSD+0.0192%1h0.09866−0.079%$439$4K10xas long as short
Reya DOGERUSDPERP+0.0194%1h0.09857−0.167%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09886+0.128%$16.0M$26.7M75xas long as short
Arcus DOGE-USD+0.0231%1h0.09877+0.037%$107K$207K10xas long as short
Phoenix DOGE+0.0240%1h0.09885+0.119%$18K$382K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0286%1h0.09851−0.222%$315K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.09858−0.156%$1.9M$33.7M50xas long as short
RISEx DOGE/USDClong+0.0686%1h0.09873long leg$398K$442K10x
Injective DOGE/USDC PERP+0.1217%1h0.1053+6.651%$6K$242K12xas long as short