Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.4% APRpaid last 24h +0.029%
Price spread now: Kraken Futures against Binance−0.057%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.057%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.072% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOGEUSDT | 0.09929 | 0.0100 | pay 0.0100% / 8h | 4h 38m | $317.6M | $1.45B | 75x |
| Short | Kraken Futures PF_DOGEUSD | 0.09923 | −0.0032 | pay 0.0004% / 1h | 38m 25s | $5.7M | $35.5M | 50x |
Binance DOGEUSDT
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$27.68
- Price spread: −0.057% → +0.015%
- −$7.24
- Slippage, 4 orders
- −$14.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$69.61
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Kraken Futures: live order book, 6 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, 6 min ago | 0.50 bp | 6.0 bp −$6 | 8.9 bp −$89 | 20.8 bp −$2,078 | 45.3 bp −$22.7K |
| Sell Kraken Futures live order book, 6 min ago | 2.52 bp | 10.8 bp −$11 | 13.3 bp −$133 | 32.0 bp −$3,201 | 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 | −0.0055% | 8h | 0.09918 | −0.111% | $150.0M | $275.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSDshort | −0.0032% | 1h | 0.09923 | −0.057% | $5.7M | $35.5M | 50x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09919 | −0.099% | $394K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09926 | −0.029% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0029% | 1h | 0.09906 | −0.230% | $222K | $49K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0069% | 1h | 0.09924 | −0.051% | $258K | $855K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09917 | −0.123% | $728K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09923 | −0.060% | $2K | $450K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09934 | +0.055% | $525K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09915 | −0.141% | $4.6M | $49.2M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09911 | −0.177% | $322K | $482K | 20x | as long as short |
| Binance DOGEUSDTlong | +0.0100% | 8h | 0.09929 | long leg | $317.6M | $1.45B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09929 | 0.000% | $161.3M | $443.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09930 | +0.010% | $111.5M | $995.0M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.443% | $380K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09927 | −0.020% | $244.9M | $133.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09928 | −0.010% | $111.4M | $234.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09928 | −0.010% | $65.6M | $43.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09923 | −0.060% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09894 | −0.353% | $310K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09927 | −0.024% | $1.0M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09907 | −0.218% | $295K | $129.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09930 | +0.009% | $625K | $4.3M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09930 | +0.010% | $144K | $284K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09930 | +0.010% | $70K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09927 | −0.018% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09929 | +0.003% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09924 | −0.050% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09900 | −0.292% | $5.9M | $57.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09895 | −0.342% | $91.0M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09907 | −0.218% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09922 | −0.075% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09932 | +0.025% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0113% | 1h | 0.09932 | +0.027% | $594K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0189% | 1h | 0.09930 | +0.008% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09919 | −0.100% | $529 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09897 | −0.322% | $15.4M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09909 | −0.198% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09925 | −0.039% | $311K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0275% | 1h | 0.09938 | +0.092% | $120.9M | $100.4M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09908 | −0.212% | $2.3M | $26.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.09926 | −0.030% | $117K | $189K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09921 | −0.086% | $401K | $412K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09960 | +0.312% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Reya DOGERUSDPERP
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