Funding you earn now, next payment 09:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h −0.018%
Price spread now: Katana Perps against Kraken Futures+0.074%7-day average −0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.074%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Katana Perps is 0.102% 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 −0.027%. Mind the row above: over the last 4 days funding on this pair cost −0.058%, 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 4 days it paid -0.058% in total (about -5.3% 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 | Kraken Futures PF_DOGEUSD | 0.09887 | −0.0096 | get 0.0012% / 1h | 37m 21s | $5.5M | $40.6M | 50x |
| Short | Katana Perps DOGE-USD | 0.09894 | 0.0100 | get 0.0100% / 8h | 7h 37m | $1K | $545K | 10x |
Kraken Futures PF_DOGEUSD
Katana Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- $41.18
- Price spread: +0.074% → −0.027%
- $10.15
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $37.53
- Costs to cover
- 0.138%
- Break-even
- 0.6 days
Slippage unknown: Kraken Futures: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.
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 | 1.52 bp | 10.8 bp −$11 | 14.8 bp −$148 | 33.7 bp −$3,372 | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSDlong | −0.0096% | 1h | 0.09887 | long leg | $5.5M | $40.6M | 50x | |
| Bitget DOGEUSDT | −0.0012% | 8h | 0.09882 | −0.047% | $140.4M | $346.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09896 | +0.092% | $553K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09889 | +0.019% | $35K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0003% | 1h | 0.09890 | +0.033% | $561K | $294K | 25x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.507% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09898 | +0.112% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09896 | +0.096% | $826K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USDshort | +0.0100% | 8h | 0.09894 | +0.074% | $1K | $545K | 10x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09894 | +0.080% | $536K | $1.1M | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Injective DOGE/USDC PERP
Phoenix DOGE
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09901 | +0.144% | $123.6M | $116.7M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09890 | +0.031% | $4.9M | $58.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09898 | +0.113% | $321K | $484K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09886 | −0.006% | $327.1M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09881 | −0.057% | $163.5M | $520.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09888 | +0.014% | $115.5M | $1.19B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09897 | +0.105% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09875 | −0.118% | $377K | $2K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09890 | +0.034% | $250.4M | $153.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09892 | +0.054% | $118.4M | $258.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09896 | +0.095% | $66.3M | $49.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09885 | −0.017% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09906 | +0.196% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09878 | −0.089% | $1.1M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09878 | −0.087% | $300K | $139.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09877 | −0.097% | $621K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.067% | $141K | $347K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09896 | +0.090% | $257K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09889 | +0.024% | $71K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09881 | −0.052% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09890 | +0.031% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09886 | −0.006% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09898 | +0.115% | $5.9M | $68.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09884 | −0.027% | $90.3M | $16.5M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09895 | +0.084% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09881 | −0.053% | $481K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09886 | −0.007% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09891 | +0.042% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09902 | +0.155% | $1.9M | $34.8M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09884 | −0.027% | $15.5M | $26.7M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09901 | +0.143% | $456 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0216% | 1h | 0.09888 | +0.015% | $291K | — | 200x | as long as short |
| dYdX DOGE-USD | +0.0624% | 1h | 0.09900 | +0.137% | $232K | $73K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09902 | +0.155% | $398K | $448K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC