Funding you earn now, next payment 05:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h +0.030%
Price spread now: Kraken Futures against SoDEX−0.023%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−$33as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 3 days (all we have)+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.023%, 7d avg +0.015%
=Funding pays, the price is against you. Kraken Futures is 0.038% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.015%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.019% in total) that is about 6.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX DOGE-USD | 0.1049 | 0.0100 | pay 0.0013% / 1h | 42m 49s | $2K | $4.9M | 10x |
| Short | Kraken Futures PF_DOGEUSD | 0.1049 | 0.0240 | get 0.0030% / 1h | 42m 49s | $5.6M | $37.8M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SoDEX. 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
- $29.38
- Price spread: −0.023% → +0.015%
- −$3.78
- Slippage, 4 orders
- −$11.58
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$3.99
- Costs to cover
- 0.296%
- Break-even
- 8.0 days
Slippage from SoDEX: live order book, 1 min ago; Kraken Futures: live order book, 1 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 SoDEX live order book, 1 min ago | 0.48 bp | 4.5 bp −$4 | 8.1 bp −$81 | 134.5 bp −$13.4K | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 1.43 bp | 8.6 bp −$9 | 12.2 bp −$122 | 31.8 bp −$3,182 | 427.1 bp −$213.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX DOGE-USD | 0.0000% | 1h | 0.1048 | −0.058% | $235K | $70K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1049 | −0.001% | $733K | $6.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1047 | −0.160% | $25K | — | 150x | as long as short |
| Bitget DOGEUSDT | +0.0014% | 8h | 0.1045 | −0.362% | $141.2M | $309.0M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1050 | +0.079% | $749K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1049 | +0.014% | $569K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1048 | −0.056% | $5.0M | $53.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1049 | −0.034% | $339K | $510K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1046 | −0.317% | $347.5M | $1.57B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1045 | −0.353% | $173.2M | $487.8M | 75x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1046 | −0.296% | $120.2M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1048 | −0.053% | $403K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1045 | −0.372% | $258.1M | $141.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1046 | −0.315% | $117.2M | $240.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1046 | −0.305% | $68.8M | $47.4M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1046 | −0.286% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1049 | −0.010% | $354K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1044 | −0.451% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1045 | −0.349% | $335K | $134.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1048 | −0.070% | $664K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1048 | −0.086% | $164K | $318K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1048 | −0.048% | $269K | $889K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1048 | −0.038% | $74K | $444K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1049 | −0.019% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1049 | +0.041% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USDlong | +0.0100% | 1h | 0.1049 | long leg | $2K | $4.9M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1048 | −0.090% | $6.2M | $63.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1049 | +0.029% | $96.5M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.1048 | −0.078% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1045 | −0.352% | $504K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1049 | −0.005% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0125% | 8h | 0.1047 | −0.143% | $1K | $485K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1049 | +0.035% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1049 | +0.038% | $16.5M | $27.5M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1045 | −0.404% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSDshort | +0.0240% | 1h | 0.1049 | −0.023% | $5.6M | $37.8M | 50x | |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1049 | −0.016% | $466 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0261% / S −0.0320% | 1h | 0.1048 | −0.122% | $346K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1050 | +0.076% | $2.2M | $32.2M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0465% | 1h | 0.1049 | +0.032% | $592K | $242K | 25x | as long as short |
| Hyperliquid DOGE | +0.0560% | 1h | 0.1046 | −0.238% | $130.0M | $107.7M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1049 | +0.038% | $114K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1048 | −0.060% | $423K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.391% | $6K | $242K | 12x | as long as short |
SoDEX DOGE-USD
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Bitget DOGEUSDT
Lighter DOGE
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-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Derive DOGE-PERP
SunX DOGE-USDT
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Katana Perps DOGE-USD
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUAL
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP