Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against Binance−0.069%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$390.385% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 7 days+0.104%+$10 · spread now −0.069%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.048% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOGEUSDT | 0.09829 | 0.0100 | pay 0.0100% / 8h | 6h 40m | $312.2M | $1.43B | 75x |
| Short | Kalshi KXDOGEPERP | 0.09822 | 0 | get 0.0000% / 8h | 2h 40m | $383K | $5.0M | 2.8x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Binance. 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
- −$21
- Price spread: −0.069% → −0.021%
- −$4.78
- Slippage, 4 orders
- −$18.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$64.32
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Kalshi: 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 Binance live order book, 4 min ago | 0.50 bp | 6.0 bp −$6 | 8.6 bp −$86 | 20.3 bp −$2,028 | 42.0 bp −$21.0K |
| Sell Kalshi live order book, 4 min ago | 5.79 bp | 10.9 bp −$11 | 16.3 bp −$163 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0133% | 8h | 0.09830 | +0.012% | $149.2M | $273.6M | 75x | as long as short |
| Kalshi KXDOGEPERPshort | 0.0000% | 8h | 0.09822 | −0.069% | $383K | $5.0M | 2.8x | |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09819 | −0.097% | $587K | $119K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09805 | −0.244% | $22K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0030% | 1h | 0.09812 | −0.174% | $220K | $59K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09837 | +0.084% | $5.8M | $34.1M | 50x | as long as short |
| Gate DOGE_USDT | +0.0089% | 8h | 0.09826 | −0.029% | $238.3M | $130.7M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09837 | +0.085% | $739K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09814 | −0.151% | $2K | $429K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09796 | −0.329% | $477K | $979K | 10x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09827 | −0.023% | $4.6M | $48.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09824 | −0.052% | $325K | $503K | 20x | as long as short |
| Binance DOGEUSDTlong | +0.0100% | 8h | 0.09829 | long leg | $312.2M | $1.43B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09832 | +0.032% | $155.7M | $444.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09836 | +0.073% | $108.2M | $969.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09831 | +0.022% | $126K | $182K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | +1.638% | $383K | $5K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09834 | +0.052% | $107.6M | $227.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09830 | +0.012% | $65.2M | $42.8M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09824 | −0.050% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09831 | +0.022% | $341K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09845 | +0.164% | $971K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09944 | +1.169% | $274K | $126.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09944 | +1.172% | $635K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09930 | +1.029% | $145K | $275K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09803 | −0.259% | $253K | $641K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09818 | −0.111% | $69K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09820 | −0.088% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09822 | −0.072% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09827 | −0.019% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09817 | −0.120% | $5.9M | $54.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09836 | +0.073% | $90.7M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09823 | −0.063% | $518K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09823 | −0.056% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0115% | 8h | 0.09824 | −0.051% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09805 | −0.239% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09820 | −0.088% | $523 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09978 | +1.517% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09790 | −0.395% | $1.9M | $24.6M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09873 | +0.447% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0267% | 1h | 0.09803 | −0.267% | $305K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09823 | −0.065% | $316K | $406K | 10x | as long as short |
| Hyperliquid DOGE | +0.0678% | 1h | 0.09841 | +0.126% | $119.4M | $97.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09910 | +0.825% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Kalshi KXDOGEPERP
Bitget DOGEUSDT
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Aster DOGEUSDT
Pacifica DOGE
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
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
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Paradex DOGE-USD-PERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP