Funding you earn now, next payment 01:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h −0.035%
Price spread now: Bulk against Kraken Futures−0.042%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 3 days (all we have)−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.042%, 7d avg −0.015%
=Funding pays, the price is against you. Bulk is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of −0.015%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOGEUSD | 0.1007 | −0.0077 | get 0.0010% / 1h | 26m 45s | $6.1M | $33.9M | 50x |
| Short | Bulk DOGE-USD | 0.1007 | 0.0100 | get 0.0013% / 1h | 26m 45s | $386K | $5K | 10x |
Kraken Futures PF_DOGEUSD
Bulk DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $37.13
- Price spread: −0.042% → −0.015%
- −$2.73
- Slippage, 4 orders
- −$20.76
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$3.36
- Costs to cover
- 0.378%
- Break-even
- 7.6 days
Slippage from Kraken Futures: live order book, 2 min ago; Bulk: live order book, 47 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 | 2.48 bp | 11.0 bp −$11 | 12.6 bp −$126 | 34.5 bp −$3,452 | doesn't fit |
| Sell Bulk live order book, 47 min ago | 5.04 bp | 8.5 bp −$9 | 8.5 bp −$85 | 8.5 bp −$854 | 18.0 bp −$9,021 |
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 | −0.0181% | 8h | 0.1009 | +0.144% | $153.3M | $270.8M | 75x | as long as short |
| Phemex DOGEUSDT | −0.0173% | 8h | 0.1008 | +0.014% | $93.0M | $17.8M | 50x | as long as short |
| Kraken Futures PF_DOGEUSDlong | −0.0077% | 1h | 0.1007 | long leg | $6.1M | $33.9M | 50x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1008 | +0.067% | $408K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1008 | +0.079% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0008% | 1h | 0.1008 | +0.090% | $606K | $121K | 25x | as long as short |
| dYdX DOGE-USD | +0.0017% | 1h | 0.1011 | +0.390% | $227K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1011 | +0.381% | $790K | $5.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1008 | +0.064% | $842 | $410K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1008 | +0.094% | $517K | $971K | 10x | as long as short |
Bitget DOGEUSDT
Phemex DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1009 | +0.166% | $5.0M | $46.4M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1011 | +0.378% | $337K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1011 | +0.367% | $321.5M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1012 | +0.412% | $160.5M | $438.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1012 | +0.441% | $111.1M | $974.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1008 | +0.104% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USDshort | +0.0100% | 1h | 0.1007 | −0.042% | $386K | $5K | 10x | |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1009 | +0.134% | $245.1M | $129.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1011 | +0.392% | $114.2M | $224.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1012 | +0.402% | $66.4M | $42.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1009 | +0.114% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1008 | +0.034% | $365K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1010 | +0.262% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1009 | +0.159% | $265K | $123.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1011 | +0.332% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1009 | +0.153% | $149K | $268K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1008 | +0.064% | $274K | $610K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1008 | +0.084% | $73K | $424K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1008 | +0.079% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1009 | +0.139% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1008 | +0.054% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1007 | −0.034% | $6.0M | $52.7M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1012 | +0.415% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1009 | +0.122% | $532K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1008 | +0.056% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0182% | 1h | 0.1008 | +0.087% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1009 | +0.156% | $533 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1008 | +0.034% | $15.5M | $25.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1009 | +0.134% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1010 | +0.270% | $66K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.1008 | +0.068% | $311K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1009 | +0.117% | $326K | $480K | 10x | as long as short |
| Hyperliquid DOGE | +0.0837% | 1h | 0.1011 | +0.342% | $123.0M | $94.7M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1011 | +0.352% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Gate DOGE_USDT
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
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP