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Funding arb · Price arb /

DOGE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.1004%/8h= −110.0% APRpaid last 24h −0.237%
Price spread now: Kalshi against Injective−0.122%7-day average −0.232% · you buy dearer than you sell
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Long on InjectiveShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−1.697%−$170 on $10k
Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.122%, 7d avg −0.232%
Together, before fees−1.491%−$149 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.110% dearer against Injective than usual: you sell high and buy low (spread −0.122% now, against its 7-day average of −0.232%): +$11 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 9 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective DOGE/USDC PERP0.10070.1004pay 0.0126% / 1h12m 37s$5K$239K12x
ShortKalshi KXDOGEPERP0.10060get 0.0000% / 8h12m 37s$397K$5.2M2.8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Injective. 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
−$210.89
Price spread: −0.122% → −0.232%
$10.95
Slippage, 4 orders
−$84.25
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$294.2
Costs to cover
0.943%
Break-even
never at this rate
Slippage from Injective: live order book, 46 min ago; Kalshi: live order book, 1 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 Injective live order book, 46 min ago35.30 bp35.3 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell Kalshi live order book, 1 min ago4.17 bp14.2 bp −$1419.6 bp −$196doesn't fitdoesn't fit

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
Bitget DOGEUSDT−0.0034%8h0.1009+0.189%$152.4M$277.1M75xas long as short
Kraken Futures PF_DOGEUSD−0.0031%1h0.1007−0.044%$5.7M$35.7M50xas long as short
Kalshi KXDOGEPERPshort0.0000%8h0.1006−0.122%$397K$5.2M2.8x
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1006−0.073%$24K—150xas long as short
dYdX DOGE-USD+0.0013%1h0.1006−0.147%$226K$49K10xas long as short
Lighter DOGE+0.0096%1h0.1007−0.042%$738K$6.3M15xas long as short
Katana Perps DOGE-USD+0.0098%8h0.1009+0.228%$912$458K10xas long as short
Nado DOGE-PERP+0.0100%1h0.1009+0.218%$529K$1.0M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1006−0.077%$4.7M$49.7M75xas long as short
Pacifica DOGE+0.0100%1h0.1006−0.075%$326K$484K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.1009+0.189%$326.6M$1.48B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1009+0.228%$165.0M$450.5M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1009+0.248%$115.1M$1.03B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1003−0.382%$385K$85910xas long as short
Gate DOGE_USDT+0.0100%8h0.1009+0.179%$248.8M$135.4M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1009+0.218%$112.8M$236.2M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1010+0.268%$67.0M$43.8M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1009+0.218%—$3.5M—as long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1006−0.070%$317K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.1001−0.578%$1.1M$8.2M—as long as short
edgeX DOGEUSDC+0.0100%4h0.1003−0.434%$304K$131.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1003−0.361%$638K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1004−0.298%$146K$290K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1005−0.169%$258K$870K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1007−0.040%$71K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1007−0.039%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1007−0.008%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1007−0.040%$2K$4.0M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1006−0.099%$6.0M$58.3M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1006−0.079%$92.5M$16.9M50xas long as short
Paradex DOGE-USD-PERP+0.0101%8h0.1009+0.215%$18K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.1009+0.241%$496K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1007−0.015%$19K—3xas long as short
Reya DOGERUSDPERP+0.0190%1h0.1006−0.112%$2K—20xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0207%1h0.1007−0.007%$602K$119K25xas long as short
01 Exchange DOGEUSD+0.0216%1h0.1010+0.276%$538$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.10070.000%$15.9M$25.6M75xas long as short
Phoenix DOGE+0.0242%1h0.1003−0.421%$65K$288K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0247% / S −0.0269%1h0.1006−0.076%$315K—200xas long as short
Hyperliquid DOGE+0.0267%1h0.1007−0.010%$122.9M$101.8M10xas long as short
Coinbase International DOGE-PERP-INTX+0.0296%1h0.10070.000%$2.3M$27.6M50xas long as short
Arcus DOGE-USD+0.0690%1h0.1010+0.338%$110K$199K10xas long as short
RISEx DOGE/USDC+0.0695%1h0.1010+0.281%$408K$414K10xas long as short
Injective DOGE/USDC PERPlong+0.1004%1h0.1007long leg$5K$239K12x