Funding you earn now, next payment 07:00 UTC−0.0469%/8h= −51.4% APRnext payment −$0.59 per $10,000 · paid last 24h +0.003%
Price spread now: Kraken Futures against Arcus+0.023%7-day average −0.001% · 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−$31as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 4 days (all we have)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.023%, 7d avg −0.001%
=The price spread pays, funding is against you. Kraken Futures is 0.024% dearer against Arcus than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.001%): +$2 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.004% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 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 | Arcus DOGE-USD | 0.1002 | 0.0387 | pay 0.0048% / 1h | 16m 50s | $18K | $307K | 10x |
| Short | Kraken Futures PF_DOGEUSD | 0.1002 | −0.0082 | pay 0.0010% / 1h | 16m 50s | $5.7M | $40.6M | 50x |
Arcus DOGE-USD
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Arcus. 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
- −$98.57
- Price spread: +0.023% → −0.001%
- $2.39
- Slippage, 4 orders
- −$18.93
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$129.61
- Costs to cover
- 0.334%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 22 min ago; Kraken Futures: live order book, 2 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 Arcus live order book, 22 min ago | 3.00 bp | 7.6 bp −$8 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 1.50 bp | 9.1 bp −$9 | 11.9 bp −$119 | 30.9 bp −$3,085 | 270.6 bp −$135.3K |
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 | −0.0082% | 1h | 0.1002 | +0.023% | $5.7M | $40.6M | 50x | |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1002 | +0.001% | $225K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1002 | +0.026% | $613K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1002 | −0.035% | $36K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.090% | $6K | $242K | 12x | as long as short |
| Polymarket Perps DOGE-USD | +0.0051% | 1h | 0.1001 | −0.060% | $263K | $1.2M | 10x | as long as short |
| Bitget DOGEUSDT | +0.0052% | 8h | 0.1001 | −0.080% | $142.2M | $344.4M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.1003 | +0.055% | $18K | $382K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1002 | +0.024% | $850K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1002 | +0.030% | $541K | $1.1M | 10x | as long as short |
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Polymarket Perps DOGE-USD
Bitget DOGEUSDT
Phoenix DOGE
Lighter DOGE
Nado DOGE-PERPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1002 | +0.033% | $4.5M | $58.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1002 | +0.039% | $320K | $501K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1003 | +0.051% | $330.4M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.010% | $165.7M | $522.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1002 | +0.020% | $117.6M | $1.21B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | +0.077% | $385K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1002 | −0.010% | $250.6M | $157.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1002 | +0.030% | $112.2M | $258.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1002 | +0.030% | $66.9M | $50.2M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.020% | — | $53.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1002 | +0.040% | $303K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | −0.022% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | −0.049% | $304K | $140.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | −0.090% | $631K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1003 | +0.100% | $148K | $340K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | −0.030% | $67K | $474K | 50x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.054% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1002 | +0.010% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.015% | $5.9M | $69.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1002 | +0.020% | $91.9M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1002 | 0.000% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1002 | −0.028% | $488K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1002 | −0.014% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0108% | 8h | 0.1002 | 0.000% | $1K | $537K | 10x | as long as short |
| Hyperliquid DOGE | +0.0138% | 1h | 0.1003 | +0.070% | $124.7M | $116.6M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0197% | 1h | 0.1002 | −0.042% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1002 | +0.040% | $16.2M | $27.2M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1003 | +0.050% | $1.9M | $34.9M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0297% | 1h | 0.1002 | −0.039% | $315K | — | 200x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0259% | 1h | 0.1002 | +0.018% | $575K | $253K | 25x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1003 | +0.084% | $446 | $4K | 10x | as long as short |
| Arcus DOGE-USDlong | +0.0387% | 1h | 0.1002 | long leg | $18K | $307K | 10x | |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.1003 | +0.072% | $404K | $458K | 10x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
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
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
Katana Perps DOGE-USD
Hyperliquid DOGE
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Deribit DOGE_USDC-PERPETUAL
01 Exchange DOGEUSD
RISEx DOGE/USDC