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Funding arb · Price arb /

DOGE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0182%/8h= −20.0% APRnext payment −$0.23 per $10,000 · paid last 24h +0.027%
Price spread now: Kraken Futures against Bulk+0.168%7-day average +0.006% · 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−$22as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Long on BulkShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.029%+$3 on $10k
Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.168%, 7d avg +0.006%
Together, before fees−0.173%−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.162% dearer against Bulk than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.006%): +$16 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk DOGE-USD0.099900.0100pay 0.0013% / 1h27m 25s$384K$16K10x
ShortKraken Futures PF_DOGEUSD0.1001−0.0082pay 0.0010% / 1h27m 25s$5.6M$40.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bulk. 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
−$38.31
Price spread: +0.168% → +0.006%
$16.21
Slippage, 4 orders
−$20.84
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$59.94
Costs to cover
0.378%
Break-even
never at this rate
Slippage from Bulk: live order book, 17 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 17 min ago5.02 bp8.5 bp −$98.5 bp −$858.5 bp −$85219.9 bp −$9,938
Sell Kraken Futures live order book, 2 min ago1.00 bp9.6 bp −$1013.2 bp −$13229.0 bp −$2,895272.2 bp −$136.1K

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
Kraken Futures PF_DOGEUSDshort−0.0082%1h0.1001+0.168%$5.6M$40.5M50x
dYdX DOGE-USD0.0000%1h0.1000+0.113%$225K$69K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09982−0.083%$611K$6.6M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09980−0.097%$35K—150xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+5.405%$6K$242K12xas long as short
Polymarket Perps DOGE-USD+0.0037%1h0.10000+0.098%$267K$1.2M10xas long as short
Bitget DOGEUSDT+0.0061%8h0.1000+0.120%$142.2M$344.2M75xas long as short
Phoenix DOGE+0.0080%1h0.09997+0.067%$18K$382K10xas long as short
Lighter DOGE+0.0096%1h0.1001+0.209%$852K$6.8M15xas long as short
Aster DOGEUSDT+0.0100%8h0.1001+0.185%$4.6M$58.5M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica DOGE+0.0100%1h0.1001+0.153%$320K$500K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1001+0.217%$329.7M$1.71B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1001+0.160%$165.6M$520.7M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1001+0.160%$117.8M$1.20B50xas long as short
Bulk DOGE-USDlong+0.0100%1h0.09990long leg$384K$16K10x
Gate DOGE_USDT+0.0100%8h0.1000+0.140%$250.1M$156.4M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1001+0.180%$111.2M$258.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1000+0.100%$66.6M$50.1M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1001+0.180%—$80.6M—as long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09989−0.010%$304K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09984−0.063%$1.1M$8.7M—as long as short
edgeX DOGEUSDC+0.0100%4h0.09994+0.043%$303K$140.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09988−0.020%$630K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1000+0.100%$150K$338K25xas long as short
Nado DOGE-PERP+0.0100%1h0.1000+0.115%$540K$1.1M10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1001+0.190%$66K$467K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09967−0.234%$19K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1001+0.205%$35K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1001+0.170%$2K$5.4M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09982−0.084%$5.9M$68.8M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09984−0.060%$91.7M$16.9M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1000+0.109%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1000+0.126%$486K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1001+0.175%$19K—3xas long as short
Katana Perps DOGE-USD+0.0108%8h0.09999+0.090%$835$536K10xas long as short
Hyperliquid DOGE+0.0129%1h0.1001+0.240%$124.3M$116.5M10xas long as short
Reya DOGERUSDPERP+0.0197%1h0.09980−0.097%$2K—20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09993+0.030%$16.2M$27.1M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.1001+0.210%$1.9M$34.9M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0297%1h0.09983−0.073%$314K—200xas long as short
01 Exchange DOGEUSD+0.0264%1h0.1001+0.174%$445$4K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0320%1h0.1001+0.208%$574K$252K25xas long as short
Arcus DOGE-USD+0.0387%1h0.09999+0.090%$21K$307K10xas long as short
RISEx DOGE/USDC+0.0626%1h0.1002+0.255%$403K$458K10xas long as short