Funding you earn now, next payment 03:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.029%
Price spread now: Kraken Futures against Bybit−0.092%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.092%, 7d avg +0.029%
=Funding pays, the price is against you. Kraken Futures is 0.122% cheaper against Bybit than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of +0.029%). If the spread goes back, that is −$12 on $10k: about 47 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.100% in total) that is about 8.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment. 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 | Bybit DOGEUSDT | 0.09925 | 0.0100 | pay 0.0100% / 8h | 5h 26m | $160.0M | $442.4M | 75x |
| Short | Kraken Futures PF_DOGEUSD | 0.09916 | 0.0308 | get 0.0039% / 1h | 26m 59s | $5.7M | $35.1M | 50x |
Bybit DOGEUSDT
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $43.76
- Price spread: −0.092% → +0.029%
- −$12.15
- Slippage, 4 orders
- −$13.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$2.67
- Costs to cover
- 0.343%
- Break-even
- 7.4 days
Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 0.50 bp | 7.6 bp −$8 | 11.5 bp −$115 | 23.5 bp −$2,350 | 46.6 bp −$23.3K |
| Sell Kraken Futures live order book, 2 min ago | 2.01 bp | 9.3 bp −$9 | 13.9 bp −$139 | 28.1 bp −$2,813 | 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 | −0.0088% | 8h | 0.09918 | −0.071% | $150.1M | $273.5M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09928 | +0.035% | $223K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09928 | +0.026% | $441K | $5.1M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09917 | −0.084% | $592K | $118K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09913 | −0.116% | $24K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09922 | −0.031% | $771K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09926 | +0.010% | $993 | $444K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09922 | −0.030% | $529K | $993K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09919 | −0.065% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09932 | +0.071% | $326K | $483K | 20x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09928 | +0.033% | $318.3M | $1.44B | 75x | as long as short |
| Bybit DOGEUSDTlong | +0.0100% | 8h | 0.09925 | long leg | $160.0M | $442.4M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09928 | +0.030% | $110.8M | $984.2M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09985 | +0.602% | $383K | $2K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09920 | −0.050% | $241.1M | $132.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09922 | −0.030% | $111.2M | $230.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09915 | −0.101% | $65.6M | $43.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09925 | 0.000% | — | $76.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09920 | −0.050% | $326K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09990 | +0.659% | $989K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09966 | +0.414% | $296K | $128.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09960 | +0.354% | $631K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09990 | +0.655% | $146K | $278K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09916 | −0.089% | $252K | $734K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09916 | −0.091% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09912 | −0.127% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09931 | +0.060% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09916 | −0.091% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09919 | −0.058% | $5.9M | $56.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09923 | −0.020% | $91.3M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.09924 | −0.012% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09913 | −0.118% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09915 | −0.096% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0187% | 1h | 0.09918 | −0.075% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09931 | +0.055% | $529 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09924 | −0.010% | $15.5M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09952 | +0.268% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09914 | −0.110% | $309K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09923 | −0.020% | $2.3M | $26.0M | 50x | as long as short |
| Kraken Futures PF_DOGEUSDshort | +0.0308% | 1h | 0.09916 | −0.092% | $5.7M | $35.1M | 50x | |
| Hyperliquid DOGE | +0.0492% | 1h | 0.09937 | +0.117% | $121.5M | $99.9M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09930 | +0.051% | $400K | $366K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09937 | +0.121% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.09970 | +0.453% | $5K | $239K | 12x | as long as short |
Binance 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
Polymarket Perps DOGE-USD
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP