Funding you earn now, next payment 05:00 UTC−0.0240%/8h= −26.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.033%
Price spread now: dYdX against Kraken Futures−0.131%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$840.840% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.131%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.102% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. 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 | Kraken Futures PF_DOGEUSD | 0.1049 | 0.0240 | pay 0.0030% / 1h | 44m 31s | $5.6M | $37.7M | 50x |
| Short | dYdX DOGE-USD | 0.1047 | 0 | get 0.0000% / 1h | 44m 31s | $235K | $70K | 10x |
Kraken Futures PF_DOGEUSD
dYdX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$50.38
- Price spread: −0.131% → −0.029%
- −$10.22
- Slippage, 4 orders
- −$63.96
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$144.55
- Costs to cover
- 0.840%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; dYdX: live order book, 10 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, 5 min ago | 2.87 bp | 12.5 bp −$12 | 14.5 bp −$145 | 32.6 bp −$3,262 | doesn't fit |
| Sell dYdX live order book, 10 min ago | 24.26 bp | 29.3 bp −$29 | 209.6 bp −$2,096 | 260.7 bp −$26.1K | 445.2 bp −$222.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX DOGE-USDshort | 0.0000% | 1h | 0.1047 | −0.131% | $235K | $70K | 10x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1047 | −0.160% | $731K | $6.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1048 | −0.025% | $25K | — | 150x | as long as short |
| Bitget DOGEUSDT | +0.0012% | 8h | 0.1049 | +0.002% | $142.0M | $308.4M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1049 | −0.013% | $748K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1048 | −0.089% | $569K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1048 | −0.027% | $5.0M | $53.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1048 | −0.084% | $338K | $510K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1048 | −0.072% | $347.9M | $1.57B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1048 | −0.037% | $173.2M | $487.0M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1049 | −0.008% | $120.1M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | −0.195% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1048 | −0.037% | $259.1M | $141.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1048 | −0.084% | $117.6M | $239.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1048 | −0.103% | $69.0M | $47.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1047 | −0.151% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1049 | −0.008% | $354K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1044 | −0.431% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1045 | −0.328% | $335K | $134.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1043 | −0.504% | $659K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1046 | −0.256% | $164K | $317K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1048 | −0.094% | $269K | $889K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1049 | +0.011% | $74K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1049 | +0.013% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1050 | +0.080% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1049 | +0.030% | $2K | $4.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1048 | −0.041% | $6.2M | $63.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1049 | +0.030% | $96.5M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.1048 | −0.038% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1048 | −0.050% | $505K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1049 | +0.044% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0125% | 8h | 0.1048 | −0.065% | $1K | $485K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1048 | −0.049% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1049 | +0.021% | $16.3M | $27.5M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1045 | −0.384% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0240% | 1h | 0.1049 | long leg | $5.6M | $37.7M | 50x | |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1049 | +0.066% | $467 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0261% / S −0.0320% | 1h | 0.1048 | −0.068% | $346K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1047 | −0.151% | $2.0M | $32.1M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0437% | 1h | 0.1050 | +0.078% | $591K | $242K | 25x | as long as short |
| Hyperliquid DOGE | +0.0582% | 1h | 0.1049 | +0.021% | $130.1M | $107.4M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1050 | +0.107% | $114K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1049 | +0.054% | $423K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.412% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUAL
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP