Funding you earn now, next payment 02:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h +0.055%
Price spread now: Coinbase International against Kalshi+0.032%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)−0.165%−$17 · spread now +0.032%, 7d avg +0.065%
=Funding pays, the price is against you. Coinbase International is 0.033% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.065%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.115% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment. 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 | Kalshi KXDOGEPERP | 0.09939 | 0 | get 0.0000% / 8h | 1h 27m | $441K | $5.1M | 2.8x |
| Short | Coinbase International DOGE-PERP-INTX | 0.09942 | 0.0248 | get 0.0031% / 1h | 27m 47s | $2.3M | $26.1M | 50x |
Kalshi KXDOGEPERP
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Kalshi. 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
- $52.08
- Price spread: +0.032% → +0.065%
- −$3.3
- Slippage, 4 orders
- −$23.04
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $5.74
- Costs to cover
- 0.430%
- Break-even
- 6.2 days
Slippage from Kalshi: live order book, 1 min ago; Coinbase International: live order book, 1 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 Kalshi live order book, 1 min ago | 4.93 bp | 12.9 bp −$13 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 1.51 bp | 9.6 bp −$10 | 15.7 bp −$157 | 45.9 bp −$4,593 | doesn't fit |
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 | −0.0088% | 8h | 0.09921 | −0.179% | $150.2M | $273.6M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09936 | −0.024% | $223K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERPlong | 0.0000% | 8h | 0.09939 | long leg | $441K | $5.1M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09935 | −0.040% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0072% | 1h | 0.09937 | −0.019% | $594K | $118K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09936 | −0.027% | $773K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09940 | +0.012% | $994 | $444K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09939 | +0.007% | $530K | $993K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09938 | −0.008% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09944 | +0.052% | $327K | $483K | 20x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.09932 | −0.063% | $318.5M | $1.44B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09929 | −0.099% | $160.0M | $442.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09931 | −0.078% | $110.8M | $984.5M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09985 | +0.463% | $383K | $2K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09926 | −0.129% | $241.6M | $132.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09931 | −0.078% | $111.4M | $230.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09931 | −0.078% | $65.7M | $43.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09930 | −0.089% | — | $76.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09936 | −0.028% | $327K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09990 | +0.520% | $989K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09969 | +0.302% | $297K | $130.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09994 | +0.552% | $633K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09990 | +0.515% | $146K | $278K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09932 | −0.072% | $253K | $734K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09933 | −0.058% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09931 | −0.076% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09938 | −0.009% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09938 | −0.008% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09934 | −0.051% | $5.9M | $56.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09939 | +0.002% | $91.5M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.09939 | +0.004% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09929 | −0.100% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09936 | −0.028% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0187% | 1h | 0.09938 | −0.005% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09940 | +0.013% | $530 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09945 | +0.062% | $15.6M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09961 | +0.220% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09936 | −0.030% | $309K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0248% | 1h | 0.09942 | +0.032% | $2.3M | $26.1M | 50x | |
| Kraken Futures PF_DOGEUSD | +0.0308% | 1h | 0.09936 | −0.027% | $5.7M | $35.1M | 50x | as long as short |
| Hyperliquid DOGE | +0.0488% | 1h | 0.09942 | +0.034% | $121.5M | $99.9M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09942 | +0.031% | $400K | $366K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09950 | +0.113% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1002 | +0.817% | $5K | $239K | 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
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP