Funding you earn now, next payment 08:00 UTC−0.0153%/8h= −16.8% APRnext payment −$0.19 per $10,000 · paid last 24h +0.038%
Price spread now: Kraken Futures against Deribit−0.027%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$390.385% of the position
Funding, last 7 days+0.209%+$21 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.027%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.035% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.209%, 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 | Deribit DOGE_USDC-PERPETUAL | 0.09903 | 0.0093 | pay 0.0012% / 1h | 4m 57s | $569K | $262K | 25x |
| Short | Kraken Futures PF_DOGEUSD | 0.09901 | −0.0060 | pay 0.0008% / 1h | 4m 57s | $5.5M | $40.8M | 50x |
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- −$32.23
- Price spread: −0.027% → +0.007%
- −$3.45
- Slippage, 4 orders
- −$21.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$74.19
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 34 min ago; Kraken Futures: 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 Deribit live order book, 34 min ago | 4.54 bp | 10.0 bp −$10 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 0.50 bp | 8.8 bp −$9 | 11.0 bp −$110 | 22.5 bp −$2,248 | 195.0 bp −$97.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSDshort | −0.0060% | 1h | 0.09901 | −0.027% | $5.5M | $40.8M | 50x | |
| Bitget DOGEUSDT | −0.0003% | 8h | 0.09889 | −0.144% | $140.2M | $347.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09896 | −0.069% | $579K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09898 | −0.055% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.328% | $6K | $242K | 12x | as long as short |
| Polymarket Perps DOGE-USD | +0.0034% | 1h | 0.09898 | −0.056% | $258K | $1.2M | 10x | as long as short |
| dYdX DOGE-USD | +0.0040% | 1h | 0.09896 | −0.074% | $222K | $63K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0093% | 1h | 0.09903 | long leg | $569K | $262K | 25x | |
| Lighter DOGE | +0.0096% | 1h | 0.09907 | +0.034% | $826K | $6.9M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09903 | +0.002% | $536K | $1.1M | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Polymarket Perps DOGE-USD
dYdX DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09908 | +0.050% | $123.4M | $117.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09897 | −0.061% | $5.0M | $59.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09896 | −0.077% | $321K | $507K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09897 | −0.063% | $326.9M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09893 | −0.104% | $163.8M | $525.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09896 | −0.074% | $115.2M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09906 | +0.027% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09910 | +0.068% | $378K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09891 | −0.124% | $249.1M | $159.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09896 | −0.074% | $117.0M | $259.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09896 | −0.074% | $66.0M | $49.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09896 | −0.074% | — | $54.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09901 | −0.023% | $301K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09890 | −0.133% | $1.0M | $8.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09904 | +0.010% | $300K | $139.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09904 | +0.008% | $627K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | +0.068% | $142K | $346K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09900 | −0.033% | $71K | $478K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09907 | +0.035% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09905 | +0.019% | $34K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09898 | −0.054% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09899 | −0.042% | $5.8M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09899 | −0.043% | $90.5M | $16.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09893 | −0.102% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09892 | −0.118% | $485K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09900 | −0.028% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0106% | 8h | 0.09907 | +0.037% | $1K | $541K | 10x | as long as short |
| Phoenix DOGE | +0.0160% | 1h | 0.09904 | +0.007% | $18K | $382K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0201% | 1h | 0.09900 | −0.038% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09909 | +0.058% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09896 | −0.074% | $15.4M | $26.9M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09910 | +0.069% | $441 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0377% / S −0.0750% | 1h | 0.09897 | −0.059% | $616K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0731% | 1h | 0.09911 | +0.078% | $399K | $456K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
Derive DOGE-PERP
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
Phoenix DOGE
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC