Funding you earn now, next payment 01:00 UTC+0.0178%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h −0.035%
Price spread now: Polymarket Perps against Kraken Futures−0.105%48s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days−0.378%−$38 on $10k
+Price spread, last 3 days (all we have)+0.087%+$9 · spread now −0.105%, 7d avg −0.030%
=Funding pays, the price is against you. Polymarket Perps is 0.075% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.030%). If the spread goes back, that is −$8 on $10k: about 34 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.378%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOGEUSD | 0.09983 | −0.0078 | get 0.0010% / 1h | 50m 28s | $6.0M | $33.8M | 50x |
| Short | Polymarket Perps DOGE-USD | 0.09972 | 0.0100 | get 0.0013% / 1h | 50m 28s | $263K | $557K | 10x |
Kraken Futures PF_DOGEUSD
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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
- $37.28
- Price spread: −0.105% → −0.030%
- −$7.51
- Slippage, 4 orders
- −$20.63
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$8.86
- Costs to cover
- 0.386%
- Break-even
- 8.7 days
Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: live order book, 22 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 | 2.49 bp | 11.3 bp −$11 | 13.7 bp −$137 | 23.5 bp −$2,351 | doesn't fit |
| Sell Polymarket Perps live order book, 22 min ago | 3.03 bp | 7.0 bp −$7 | 7.2 bp −$72 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0200% | 8h | 0.09970 | −0.128% | $152.1M | $270.5M | 75x | as long as short |
| Kraken Futures PF_DOGEUSDlong | −0.0078% | 1h | 0.09983 | long leg | $6.0M | $33.8M | 50x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09981 | −0.015% | $396K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09982 | −0.003% | $600K | $121K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09987 | +0.043% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0019% | 1h | 0.09977 | −0.059% | $224K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0048% | 8h | 0.09973 | −0.098% | $241.2M | $126.9M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09995 | +0.121% | $859K | $5.7M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09976 | −0.068% | $2K | $398K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09978 | −0.048% | $512K | $976K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
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 | 0.09978 | −0.044% | $4.9M | $46.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09980 | −0.025% | $333K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09979 | −0.040% | $316.6M | $1.39B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09978 | −0.048% | $157.9M | $437.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09979 | −0.038% | $110.1M | $961.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09985 | +0.022% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09980 | −0.028% | $382K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09971 | −0.118% | $110.2M | $222.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09981 | −0.018% | $65.4M | $42.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09969 | −0.138% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09981 | −0.018% | $380K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09982 | −0.008% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1003 | +0.448% | $259K | $121.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1003 | +0.490% | $638K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | +0.573% | $148K | $256K | 25x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0100% | 1h | 0.09972 | −0.105% | $263K | $557K | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09981 | −0.018% | $73K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09981 | −0.021% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09993 | +0.104% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09984 | +0.012% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09985 | +0.025% | $6.0M | $52.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09982 | −0.008% | $92.2M | $19.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09970 | −0.124% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09975 | −0.074% | $616K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09981 | −0.022% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0181% | 1h | 0.09973 | −0.099% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09984 | +0.009% | $527 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09983 | +0.002% | $15.2M | $25.3M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09988 | +0.052% | $2.0M | $24.5M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1004 | +0.534% | $67K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.09985 | +0.027% | $308K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.09985 | +0.027% | $316K | $478K | 10x | as long as short |
| Hyperliquid DOGE | +0.0785% | 1h | 0.09987 | +0.038% | $118.5M | $91.4M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1001 | +0.273% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP