Funding you earn now, next payment 05:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.030%
Price spread now: Bybit against Kraken Futures+0.213%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.213%, 7d avg −0.030%
=The price spread pays, funding is against you. Bybit is 0.243% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of −0.030%): +$24 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.106% in total) that is about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOGEUSD | 0.1022 | 0.0246 | pay 0.0031% / 1h | 21m 29s | $5.5M | $39.0M | 50x |
| Short | Bybit DOGEUSDT | 0.1024 | 0.0100 | get 0.0100% / 8h | 3h 21m | $167.5M | $498.5M | 75x |
Kraken Futures PF_DOGEUSD
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$30.71
- Price spread: +0.213% → −0.030%
- $24.29
- Slippage, 4 orders
- −$19.28
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$46.71
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 1.94 bp | 12.3 bp −$12 | 15.1 bp −$151 | 34.0 bp −$3,397 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.49 bp | 9.1 bp −$9 | 11.3 bp −$113 | 22.6 bp −$2,265 | 45.5 bp −$22.8K |
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 | 0.1023 | +0.152% | $698K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1022 | +0.010% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0024% | 1h | 0.1024 | +0.263% | $230K | $70K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0054% | 1h | 0.1021 | −0.023% | $580K | $247K | 25x | as long as short |
| Bitget DOGEUSDT | +0.0063% | 8h | 0.1024 | +0.203% | $133.4M | $316.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1025 | +0.319% | $761K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1024 | +0.247% | $556K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1025 | +0.316% | $4.9M | $54.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1025 | +0.315% | $328K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1025 | +0.327% | $339.5M | $1.61B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.1024 | +0.213% | $167.5M | $498.5M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1024 | +0.223% | $116.7M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1029 | +0.771% | $395K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1025 | +0.301% | $253.4M | $146.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1025 | +0.321% | $115.9M | $245.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1024 | +0.242% | $67.4M | $48.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1023 | +0.174% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1021 | −0.051% | $340K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1026 | +0.434% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1029 | +0.709% | $330K | $136.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1027 | +0.527% | $649K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1030 | +0.820% | $155K | $330K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1023 | +0.174% | $258K | $983K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1022 | −0.002% | $69K | $468K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1021 | −0.049% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1022 | −0.011% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1022 | +0.007% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1021 | −0.061% | $6.0M | $65.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1022 | +0.037% | $93.9M | $17.3M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1024 | +0.280% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1025 | +0.332% | $494K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1021 | −0.027% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0121% | 8h | 0.1025 | +0.321% | $1K | $498K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1024 | +0.185% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1026 | +0.419% | $16.8M | $27.1M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1023 | +0.166% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0246% | 1h | 0.1022 | long leg | $5.5M | $39.0M | 50x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1021 | −0.018% | $330K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1026 | +0.396% | $456 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1022 | +0.076% | $2.1M | $33.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0501% | 1h | 0.1025 | +0.301% | $127.8M | $110.5M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1026 | +0.448% | $111K | $203K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1026 | +0.407% | $414K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +3.071% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk 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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP