Funding you earn now, next payment 03:00 UTC+0.0328%/8h= +35.9% APRnext payment +$0.41 per $10,000 · paid last 24h −0.002%
Price spread now: Coinbase International against Kraken Futures+0.108%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.108%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.097% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.096% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 per $10,000. 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 | Kraken Futures PF_DOGEUSD | 0.09921 | −0.0032 | get 0.0004% / 1h | 40m 00s | $5.7M | $35.5M | 50x |
| Short | Coinbase International DOGE-PERP-INTX | 0.09932 | 0.0296 | get 0.0037% / 1h | 40m 00s | $2.3M | $26.8M | 50x |
Kraken Futures PF_DOGEUSD
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $68.85
- Price spread: +0.108% → +0.011%
- $9.72
- Slippage, 4 orders
- −$23.33
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $35.23
- Costs to cover
- 0.433%
- Break-even
- 3.4 days
Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago | 2.52 bp | 12.4 bp −$12 | 14.4 bp −$144 | 29.6 bp −$2,962 | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 2.02 bp | 9.4 bp −$9 | 14.5 bp −$145 | 44.5 bp −$4,454 | 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 | −0.0055% | 8h | 0.09913 | −0.083% | $149.8M | $275.2M | 75x | as long as short |
| Kraken Futures PF_DOGEUSDlong | −0.0032% | 1h | 0.09921 | long leg | $5.7M | $35.5M | 50x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09939 | +0.175% | $394K | $5.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09926 | +0.045% | $593K | $118K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09919 | −0.027% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0032% | 1h | 0.09943 | +0.215% | $223K | $49K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0076% | 1h | 0.09924 | +0.027% | $258K | $831K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09922 | +0.012% | $729K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09936 | +0.149% | $898 | $449K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09935 | +0.139% | $526K | $1.0M | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Polymarket Perps 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 | 0.09920 | −0.011% | $4.6M | $49.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09948 | +0.270% | $323K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09926 | +0.048% | $317.5M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09923 | +0.018% | $161.2M | $443.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09922 | +0.008% | $111.2M | $993.8M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.365% | $380K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09914 | −0.073% | $243.3M | $133.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09924 | +0.028% | $111.0M | $234.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09923 | +0.018% | $65.5M | $43.5M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09925 | +0.038% | — | $76.7M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09916 | −0.053% | $311K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09927 | +0.055% | $1.0M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09907 | −0.140% | $295K | $129.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09876 | −0.456% | $622K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.416% | $144K | $284K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09927 | +0.058% | $70K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09925 | +0.036% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09933 | +0.123% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09922 | +0.008% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09922 | +0.004% | $5.9M | $57.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09920 | −0.013% | $91.2M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09943 | +0.215% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09918 | −0.028% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09927 | +0.058% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0189% | 1h | 0.09929 | +0.075% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09948 | +0.272% | $530 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09927 | +0.058% | $15.5M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09909 | −0.120% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09924 | +0.032% | $311K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0267% | 1h | 0.09922 | +0.006% | $120.7M | $100.4M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0296% | 1h | 0.09932 | +0.108% | $2.3M | $26.8M | 50x | |
| Arcus DOGE-USD | +0.0690% | 1h | 0.09958 | +0.371% | $118K | $189K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09950 | +0.295% | $402K | $412K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09940 | +0.189% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP