Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.031%
Price spread now: Binance against Kraken Futures−0.075%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$340.335% of the position
Funding, last 7 days−0.055%−$6 on $10k
+Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.075%, 7d avg −0.014%
=Funding pays, the price is against you. Binance is 0.061% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.014%). If the spread goes back, that is −$6 on $10k: about 6.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOGEUSD | 0.09928 | 0.0067 | pay 0.0008% / 1h | 15m 30s | $5.8M | $34.2M | 50x |
| Short | Binance DOGEUSDT | 0.09921 | 0.0100 | get 0.0100% / 8h | 6h 15m | $314.7M | $1.43B | 75x |
Kraken Futures PF_DOGEUSD
Binance DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $6.99
- Price spread: −0.075% → −0.014%
- −$6.1
- Slippage, 4 orders
- −$13.52
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.64
- Costs to cover
- 0.335%
- Break-even
- 39.7 days
Slippage from Kraken Futures: live order book, 4 min ago; Binance: live order book, 14 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 Kraken Futures live order book, 4 min ago | 2.01 bp | 10.4 bp −$10 | 13.2 bp −$132 | 27.9 bp −$2,790 | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.50 bp | 6.1 bp −$6 | 8.3 bp −$83 | 21.3 bp −$2,126 | 52.1 bp −$26.1K |
DOGE on 43 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 | −0.0104% | 8h | 0.09918 | −0.105% | $150.4M | $273.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09948 | +0.202% | $391K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09936 | +0.078% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0013% | 1h | 0.09922 | −0.065% | $223K | $49K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0062% | 1h | 0.09936 | +0.077% | $594K | $118K | 25x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0067% | 1h | 0.09928 | long leg | $5.8M | $34.2M | 50x | |
| Lighter DOGE | +0.0096% | 1h | 0.09931 | +0.024% | $819K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09923 | −0.055% | $829 | $428K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09918 | −0.105% | $532K | $991K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09926 | −0.027% | $4.6M | $48.2M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09924 | −0.048% | $326K | $503K | 20x | as long as short |
| Binance DOGEUSDTshort | +0.0100% | 8h | 0.09921 | −0.075% | $314.7M | $1.43B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09920 | −0.085% | $157.1M | $440.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09928 | −0.004% | $110.0M | $977.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09936 | +0.076% | $128K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09945 | +0.163% | $381K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09919 | −0.095% | $240.8M | $132.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09923 | −0.055% | $110.9M | $230.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09925 | −0.035% | $65.6M | $43.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09922 | −0.065% | — | $76.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09927 | −0.014% | $339K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09935 | +0.063% | $991K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09925 | −0.030% | $280K | $128.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09927 | −0.018% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09930 | +0.016% | $145K | $270K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09918 | −0.107% | $255K | $643K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09935 | +0.066% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09933 | +0.049% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09935 | +0.064% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09931 | +0.026% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09944 | +0.154% | $5.9M | $55.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09934 | +0.056% | $91.5M | $16.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09921 | −0.079% | $558K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09939 | +0.102% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0108% | 8h | 0.09920 | −0.086% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0185% | 1h | 0.09925 | −0.033% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09929 | +0.005% | $529 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09945 | +0.167% | $2.0M | $25.1M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09939 | +0.104% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09938 | +0.091% | $309K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09929 | +0.009% | $399K | $367K | 10x | as long as short |
| Hyperliquid DOGE | +0.0701% | 1h | 0.09939 | +0.103% | $121.9M | $98.0M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1000 | +0.721% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
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
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP