Funding you earn now, next payment 05:00 UTC−0.0238%/8h= −26.0% APRnext payment −$0.30 per $10,000 · paid last 24h +0.030%
Price spread now: Kraken Futures against Phoenix+0.074%71s7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days+0.228%+$23 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.074%, 7d avg −0.023%
=The price spread pays, funding is against you. Kraken Futures is 0.097% dearer against Phoenix than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.023%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 7 days funding on this pair paid +0.228%, so the current rate has only just turned against you. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.1000 | 0.0240 | pay 0.0030% / 1h | 4m 17s | $18K | $382K | 10x |
| Short | Kraken Futures PF_DOGEUSD | 0.1001 | 0.0002 | get 0.0000% / 1h | 4m 17s | $5.6M | $40.2M | 50x |
Phoenix DOGE
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Phoenix. 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
- −$49.92
- Price spread: +0.074% → −0.023%
- $9.7
- Slippage, 4 orders
- −$28.26
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$85.48
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 39 min ago; Kraken Futures: live order book, 5 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 Phoenix live order book, 39 min ago | 1.00 bp | 12.4 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 2.00 bp | 10.1 bp −$10 | 14.5 bp −$145 | 32.4 bp −$3,243 | 368.9 bp −$184.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1000 | −0.001% | $598K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1001 | +0.123% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSDshort | +0.0002% | 1h | 0.1001 | +0.074% | $5.6M | $40.2M | 50x | |
| dYdX DOGE-USD | +0.0025% | 1h | 0.1001 | +0.079% | $225K | $69K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0042% | 1h | 0.1001 | +0.039% | $269K | $1.2M | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | +0.128% | $855K | $6.8M | 15x | as long as short |
| Bitget DOGEUSDT | +0.0096% | 8h | 0.1000 | −0.021% | $142.8M | $343.3M | 75x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1002 | +0.129% | $540K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.041% | $4.4M | $58.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1001 | +0.064% | $320K | $514K | 20x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Bitget DOGEUSDT
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.042% | $328.8M | $1.70B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.049% | $165.7M | $519.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1001 | +0.089% | $118.1M | $1.19B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09955 | −0.473% | $382K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1001 | +0.099% | $248.7M | $155.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | +0.099% | $112.3M | $257.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | +0.029% | $66.5M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.149% | — | $80.7M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1001 | +0.119% | $315K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | +0.166% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1001 | +0.117% | $314K | $139.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1002 | +0.139% | $638K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1002 | +0.179% | $150K | $346K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1001 | +0.119% | $64K | $478K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1001 | +0.107% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.176% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | +0.059% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.163% | $5.9M | $68.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.029% | $91.9M | $17.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1000 | +0.024% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1001 | +0.075% | $487K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | +0.121% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0110% | 8h | 0.1001 | +0.079% | $1K | $527K | 10x | as long as short |
| Hyperliquid DOGE | +0.0114% | 1h | 0.1002 | +0.199% | $124.1M | $116.2M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0195% | 1h | 0.1001 | +0.080% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.1002 | +0.149% | $445 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | +0.119% | $15.9M | $27.1M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.1001 | +0.079% | $27K | $300K | 10x | as long as short |
| Phoenix DOGElong | +0.0240% | 1h | 0.1000 | long leg | $18K | $382K | 10x | |
| Deribit DOGE_USDC-PERPETUAL | +0.0249% | 1h | 0.1002 | +0.162% | $575K | $252K | 25x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0294% | 1h | 0.1002 | +0.130% | $316K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1001 | +0.059% | $2.0M | $34.5M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.1002 | +0.149% | $405K | $453K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +5.278% | $6K | $242K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
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
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
Hyperliquid DOGE
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Arcus DOGE-USD
Deribit DOGE_USDC-PERPETUAL
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP