Funding you earn now, next payment 11:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h −0.036%
Price spread now: Kalshi against Kraken Futures−0.096%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.096%, 7d avg −0.046%
=Funding pays, the price is against you. Kalshi is 0.049% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.046%). If the spread goes back, that is −$5 on $10k: about 28 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.227%, 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 | 0.09829 | −0.0140 | get 0.0017% / 1h | 44m 01s | $5.3M | $38.9M | 50x |
| Short | Kalshi KXDOGEPERP | 0.09819 | 0 | get 0.0000% / 8h | 1h 44m | $523K | $6.1M | 2.8x |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- $29.32
- Price spread: −0.096% → −0.046%
- −$4.94
- Slippage, 4 orders
- −$21.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$17.49
- Costs to cover
- 0.419%
- Break-even
- 11.2 days
Slippage from Kraken Futures: live order book, 3 min ago; Kalshi: live order book, 3 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, 3 min ago | 1.02 bp | 8.7 bp −$9 | 11.5 bp −$115 | 27.9 bp −$2,787 | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 5.24 bp | 14.1 bp −$14 | 18.8 bp −$188 | doesn't fit | doesn't fit |
DOGE on 43 exchanges
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_DOGEUSDlong | −0.0140% | 1h | 0.09829 | long leg | $5.3M | $38.9M | 50x | |
| Bitget DOGEUSDT | −0.0042% | 8h | 0.09821 | −0.078% | $139.0M | $294.6M | 75x | as long as short |
| Kalshi KXDOGEPERPshort | 0.0000% | 8h | 0.09819 | −0.096% | $523K | $6.1M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09819 | −0.100% | $33K | — | 150x | as long as short |
| Bybit DOGEUSDT | +0.0011% | 8h | 0.09822 | −0.068% | $165.5M | $491.2M | 75x | as long as short |
| Gate DOGE_USDT | +0.0033% | 8h | 0.09825 | −0.038% | $251.6M | $144.5M | 75x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +7.135% | $6K | $240K | 12x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0055% | 1h | 0.09830 | +0.011% | $550K | $292K | 25x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09839 | +0.108% | $18K | $311K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09834 | +0.055% | $818K | $6.4M | 15x | as long as short |
Bitget DOGEUSDT
gTrade (Gains Network) DOGE/USD
Bybit DOGEUSDT
Gate DOGE_USDT
Injective DOGE/USDC PERP
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
Lighter DOGEShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09816 | −0.129% | $940 | $538K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09813 | −0.160% | $508K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09836 | +0.074% | $121.9M | $108.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09828 | −0.007% | $4.9M | $57.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09817 | −0.114% | $313K | $436K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09828 | −0.005% | $325.3M | $1.59B | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09828 | −0.007% | $118.3M | $1.09B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09820 | −0.088% | $16K | $308K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09832 | +0.029% | $375K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09828 | −0.007% | $113.4M | $248.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09829 | +0.003% | $65.1M | $44.7M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09819 | −0.099% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09828 | −0.007% | $306K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09824 | −0.048% | $1.3M | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09827 | −0.014% | $264K | $132.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09827 | −0.018% | $619K | $3.8M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09830 | +0.013% | $138K | $343K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09810 | −0.185% | $236K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09826 | −0.027% | $68K | $413K | 50x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09818 | −0.111% | $34K | $1.9M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09827 | −0.017% | $2K | $5.2M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09836 | +0.070% | $5.9M | $64.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09830 | +0.013% | $89.7M | $15.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09814 | −0.154% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09822 | −0.066% | $483K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09826 | −0.031% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0136% | 1h | 0.09818 | −0.113% | $452 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0207% | 1h | 0.09813 | −0.155% | $2K | — | 20x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0211% / S −0.0184% | 1h | 0.09816 | −0.132% | $285K | — | 200x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09823 | −0.058% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0264% | 1h | 0.09826 | −0.027% | $2.2M | $32.7M | 50x | as long as short |
| dYdX DOGE-USD | +0.0303% | 1h | 0.09816 | −0.125% | $231K | $75K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0587% | 1h | 0.09821 | −0.073% | $407K | $401K | 10x | as long as short |
Katana Perps DOGE-USD
Nado DOGE-PERP
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
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
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
GMX DOGE/USD [ETH-USDC]
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
dYdX DOGE-USD
RISEx DOGE/USDC