Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h −0.036%

Price spread now: Katana Perps against Kraken Futures−0.081%7-day average −0.026% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.081%, 7d avg −0.026%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Katana Perps is 0.055% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of −0.026%). If the spread goes back, that is −$5 on $10k: about 25 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 4 days funding on this pair cost −0.064%, 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	0.1001	−0.0077	get 0.0010% / 1h	47m 21s	$6.0M	$33.9M	50x
Short	Katana Perps DOGE-USD	0.1000	0.0100	get 0.0100% / 8h	7h 47m	$836	$399K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Katana PerpsbpOrdersPrice spread, now −0.081%Rate

Funding earned: $37.19
Price spread: −0.081% → −0.026%: −$5.48
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $17.91
Costs to cover: 0.138%
Break-even: 3.6 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 2 min ago	1.50 bp	8.3 bp −$8	14.8 bp −$148	30.9 bp −$3,092	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget DOGEUSDT	−0.0197%	8h	0.1000	−0.091%	$152.4M	$270.8M	75x	as long as short
Kraken Futures PF_DOGEUSDlong	−0.0077%	1h	0.1001	long leg	$6.0M	$33.9M	50x
Phemex DOGEUSDT	−0.0056%	8h	0.1001	+0.039%	$92.5M	$19.0M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1001	+0.020%	$397K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1001	−0.017%	$602K	$120K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	+0.070%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1000	−0.087%	$225K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0047%	8h	0.1001	+0.019%	$242.1M	$127.5M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1002	+0.140%	$860K	$5.7M	15x	as long as short
Katana Perps DOGE-USDshort	+0.0100%	8h	0.1000	−0.081%	$836	$399K	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.1001	−0.046%	$514K	$976K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1001	−0.013%	$4.9M	$46.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1001	−0.008%	$334K	$517K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	+0.051%	$317.3M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	+0.059%	$158.7M	$438.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	+0.109%	$110.3M	$966.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1001	+0.019%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.10000	−0.103%	$383K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	−0.011%	$111.8M	$222.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	−0.001%	$65.6M	$42.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1001	+0.039%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09995	−0.151%	$380K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09982	−0.281%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09983	−0.270%	$262K	$122.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09996	−0.136%	$635K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09990	−0.201%	$147K	$260K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1001	−0.041%	$263K	$557K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	+0.079%	$73K	$446K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	+0.074%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.089%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1001	+0.009%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.016%	$6.0M	$52.4M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1000	−0.051%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	−0.041%	$616K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	−0.008%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1001	−0.022%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1001	+0.025%	$529	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	+0.039%	$15.3M	$25.4M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1001	+0.039%	$2.0M	$24.7M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09989	−0.211%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.1001	0.000%	$309K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1001	+0.009%	$317K	$478K	10x	as long as short
Hyperliquid DOGE	+0.0819%	1h	0.1002	+0.139%	$119.2M	$91.6M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1003	+0.199%	$5K	$239K	12x	as long as short