Funding you earn now, next payment 04:00 UTC−0.0594%/8h= −65.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.010%
Price spread now: Lighter against Arcus−0.056%7-day average +0.033% · 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−$35as in the Price arb table
costs, in and out, $10k−$260.264% of the position
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.177%+$18 · spread now −0.056%, 7d avg +0.033%
=Together, before fees+0.164%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Lighter is 0.089% cheaper against Arcus than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.013% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.74 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 | Arcus DOGE-USD | 0.09886 | 0.0690 | pay 0.0086% / 1h | 50m 22s | $117K | $189K | 10x |
| Short | Lighter DOGE | 0.09881 | 0.0096 | get 0.0012% / 1h | 50m 22s | $745K | $6.2M | 15x |
Arcus DOGE-USD
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$124.8
- Price spread: −0.056% → +0.033%
- −$8.87
- Slippage, 4 orders
- −$21.94
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$160.11
- Costs to cover
- 0.264%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; Lighter: live order book, 8 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 Arcus live order book, 4 min ago | 2.02 bp | 4.5 bp −$4 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.96 bp | 5.6 bp −$6 | 9.0 bp −$90 | 27.3 bp −$2,732 | 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 | −0.0062% | 8h | 0.09868 | −0.182% | $149.2M | $274.7M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09873 | −0.135% | $5.7M | $35.4M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09874 | −0.125% | $429K | $5.2M | 2.8x | as long as short |
| dYdX DOGE-USD | +0.0001% | 1h | 0.09873 | −0.135% | $222K | $49K | 10x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09874 | −0.124% | $23K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0013% | 1h | 0.09873 | −0.136% | $590K | $118K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0038% | 1h | 0.09868 | −0.178% | $258K | $823K | 10x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.09881 | −0.056% | $745K | $6.2M | 15x | |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09871 | −0.152% | $892 | $449K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09875 | −0.111% | $523K | $1.0M | 10x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
dYdX DOGE-USD
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Polymarket Perps DOGE-USD
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 | 0.09873 | −0.131% | $4.5M | $48.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09880 | −0.061% | $321K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09878 | −0.081% | $315.3M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09875 | −0.111% | $159.5M | $442.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09874 | −0.121% | $110.1M | $984.6M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09930 | +0.445% | $381K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09871 | −0.152% | $241.6M | $132.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09877 | −0.091% | $111.4M | $233.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09875 | −0.111% | $65.2M | $43.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09877 | −0.091% | — | $76.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09879 | −0.071% | $310K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09868 | −0.184% | $979K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09908 | +0.219% | $295K | $129.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09916 | +0.299% | $624K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | +0.243% | $144K | $283K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09872 | −0.142% | $69K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09870 | −0.159% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09874 | −0.119% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09873 | −0.131% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09866 | −0.206% | $5.9M | $57.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09880 | −0.061% | $90.9M | $16.5M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09890 | +0.043% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09872 | −0.143% | $495K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09870 | −0.160% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09879 | −0.066% | $527 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0188% | 1h | 0.09875 | −0.114% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09879 | −0.071% | $15.5M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09913 | +0.272% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09875 | −0.112% | $309K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09875 | −0.111% | $2.3M | $26.5M | 50x | as long as short |
| Hyperliquid DOGE | +0.0304% | 1h | 0.09885 | −0.013% | $120.3M | $100.0M | 10x | as long as short |
| Arcus DOGE-USDlong | +0.0690% | 1h | 0.09886 | long leg | $117K | $189K | 10x | |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09881 | −0.056% | $399K | $411K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09940 | +0.546% | $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
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP