Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against BingX+0.079%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days−0.095%−$9 · spread now +0.079%, 7d avg +0.073%

Together, before fees−0.069%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DOGE-USDC	0.1002	0.0100	pay 0.0100% / 8h	4h 28m	—	$3.5M	—
Short	Lighter DOGE	0.1003	0.0096	get 0.0012% / 1h	28m 00s	$734K	$6.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee LighterbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$0.84
Price spread: +0.079% → +0.073%: $0.59
Slippage, 4 orders: −$22.32
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.57
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Lighter: live order book, 5 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 BingX live order book, 6 min ago	1.01 bp	8.9 bp −$9	13.7 bp −$137	32.2 bp −$3,222	106.1 bp −$53.0K
Sell Lighter live order book, 5 min ago	2.05 bp	6.8 bp −$7	9.7 bp −$97	29.3 bp −$2,926	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	−0.0045%	8h	0.1002	−0.020%	$151.4M	$276.1M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.1002	+0.053%	$5.7M	$35.6M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.188%	$396K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	+0.025%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0019%	1h	0.1003	+0.155%	$225K	$49K	10x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.1003	+0.079%	$734K	$6.3M	15x
Katana Perps DOGE-USD	+0.0097%	8h	0.1003	+0.140%	$1K	$451K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0099%	1h	0.1002	+0.018%	$599K	$118K	25x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1004	+0.220%	$528K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1002	+0.050%	$4.7M	$49.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1003	+0.116%	$326K	$483K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	+0.060%	$323.7M	$1.46B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	+0.060%	$163.1M	$445.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	+0.060%	$113.2M	$1.01B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09916	−1.021%	$381K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	−0.010%	$246.9M	$134.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	+0.030%	$111.9M	$235.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	+0.030%	$66.2M	$43.6M	75x	as long as short
BingX DOGE-USDClong	+0.0100%	8h	0.1002	long leg	—	$3.5M	—
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	+0.010%	$320K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1004	+0.237%	$1.0M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1004	+0.228%	$298K	$130.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1005	+0.289%	$631K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09970	−0.479%	$145K	$285K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1003	+0.120%	$261K	$856K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	+0.010%	$70K	$436K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	−0.010%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1003	+0.141%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	+0.030%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1002	+0.055%	$6.0M	$58.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	+0.020%	$92.1M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1004	+0.171%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	+0.020%	$499K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	0.000%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0189%	1h	0.1004	+0.212%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.1004	+0.198%	$535	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1005	+0.279%	$15.7M	$25.5M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1004	+0.193%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0269%	1h	0.1002	+0.028%	$314K	—	200x	as long as short
Hyperliquid DOGE	+0.0283%	1h	0.1003	+0.100%	$122.0M	$101.0M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.1002	+0.050%	$2.3M	$27.2M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.1004	+0.270%	$110K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.1004	+0.239%	$406K	$414K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1007	+0.519%	$5K	$239K	12x	as long as short