DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h −0.008%

Price spread now: Backpack against Kraken Futures+0.310%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.358%−$36 · spread now +0.310%, 7d avg −0.018%

Together, before fees−0.352%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.329% dearer against Kraken Futures than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DOGEUSD	0.1009	−0.0077	get 0.0010% / 1h	31m 53s	$6.1M	$33.9M	50x
Short	Backpack DOGE_USDC_PERP	0.1012	0.0100	get 0.0013% / 1h	31m 53s	$368K	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.310%Rate

Funding earned: $37.12
Price spread: +0.310% → −0.018%: $32.86
Slippage, 4 orders: −$16.13
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $33.85
Costs to cover: 0.361%
Break-even: 0.6 days

Slippage from Kraken Futures: live order book, 2 min ago; Backpack: live order book, 2 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, 2 min ago	1.99 bp	9.8 bp −$10	13.1 bp −$131	30.1 bp −$3,006	doesn't fit
Sell Backpack live order book, 2 min ago	0.50 bp	9.7 bp −$10	doesn't fit	doesn't fit	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
Phemex DOGEUSDT	−0.0252%	8h	0.1010	+0.142%	$93.2M	$18.0M	50x	as long as short
Bitget DOGEUSDT	−0.0187%	8h	0.1011	+0.241%	$153.9M	$270.8M	75x	as long as short
Kraken Futures PF_DOGEUSDlong	−0.0077%	1h	0.1009	long leg	$6.1M	$33.9M	50x
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	+0.139%	$407K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1007	−0.111%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0021%	1h	0.1006	−0.212%	$226K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1009	+0.062%	$790K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1006	−0.304%	$840	$410K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	−0.235%	$517K	$973K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1008	−0.017%	$5.0M	$46.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1007	−0.198%	$335K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1012	+0.350%	$322.1M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1012	+0.340%	$160.6M	$438.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1012	+0.360%	$110.9M	$975.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	−0.314%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−0.339%	$385K	$9K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1011	+0.261%	$245.7M	$129.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1012	+0.330%	$114.1M	$224.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1012	+0.330%	$66.3M	$42.6M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1010	+0.152%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERPshort	+0.0100%	1h	0.1012	+0.310%	$368K	$1.1M	15x
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.191%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	−0.105%	$265K	$123.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1007	−0.186%	$643K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1010	+0.142%	$148K	$267K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	−0.304%	$275K	$583K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1008	−0.067%	$73K	$427K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1008	−0.052%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	−0.032%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	−0.007%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	+0.157%	$6.0M	$52.6M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1006	−0.296%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1012	+0.295%	$532K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	−0.056%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0157%	1h	0.1008	−0.009%	$607K	$121K	25x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1006	−0.217%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1006	−0.268%	$531	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	−0.265%	$15.4M	$25.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1008	−0.076%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1008	−0.086%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0263%	1h	0.1007	−0.125%	$310K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1005	−0.315%	$318K	$477K	10x	as long as short
Hyperliquid DOGE	+0.0855%	1h	0.1013	+0.399%	$122.7M	$93.8M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1011	+0.241%	$5K	$239K	12x	as long as short