Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.037%
Price spread now: Lighter against BloFin−0.013%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$320.318% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.189%−$19 on $10k
Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.013%, 7d avg +0.027%
Together, before fees−0.115%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin DOGE-USDT0.099180.0220pay 0.0220% / 8h2h 36m$16.0M$26.8M75x
ShortLighter DOGE0.099170.0096get 0.0012% / 1h36m 34s$725K$6.5M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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

Funding earned
−$26.04
Price spread: −0.013% → +0.027%
−$4.05
Slippage, 4 orders
−$19.79
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$61.87
Costs to cover
0.318%
Break-even
never at this rate
Slippage from BloFin: live order book, 2 min ago; Lighter: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 2 min ago1.01 bp7.0 bp −$78.9 bp −$8916.5 bp −$1,64637.8 bp −$18.9K
Sell Lighter live order book, 7 min ago1.51 bp7.7 bp −$813.1 bp −$13130.6 bp −$3,059doesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXDOGEPERP0.0000%8h0.09911−0.070%$640K$6.4M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09904−0.138%$34K150xas long as short
Kraken Futures PF_DOGEUSD+0.0002%1h0.099180.000%$5.6M$39.9M50xas long as short
dYdX DOGE-USD+0.0002%1h0.09905−0.127%$222K$70K10xas long as short
Polymarket Perps DOGE-USD+0.0026%1h0.09901−0.173%$267K$1.2M10xas long as short
Lighter DOGEshort+0.0096%1h0.09917−0.013%$725K$6.5M15x
Nado DOGE-PERP+0.0100%1h0.09901−0.171%$536K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09909−0.088%$4.4M$56.8M75xas long as short
Pacifica DOGE+0.0100%1h0.09911−0.071%$317K$516K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09909−0.088%$322.8M$1.67B75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit DOGEUSDT+0.0100%8h0.09906−0.121%$162.6M$515.6M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09904−0.141%$115.0M$1.16B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09945+0.275%$382K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09904−0.141%$246.5M$150.9M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09909−0.091%$111.3M$251.6M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09912−0.060%$65.7M$49.3M75xas long as short
Bitget DOGEUSDT+0.0100%8h0.09899−0.192%$131.8M$330.1M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09906−0.121%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09915−0.030%$298K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09920+0.020%$1.1M$8.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09918−0.004%$295K$138.5M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09917−0.012%$630K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09910−0.081%$147K$339K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09911−0.071%$63K$469K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09908−0.106%$18K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09910−0.083%$34K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09919+0.010%$2K$5.3M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09911−0.072%$5.9M$67.5M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09916−0.020%$91.2M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09907−0.112%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09905−0.132%$478K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09911−0.067%$19K3xas long as short
Katana Perps DOGE-USD+0.0113%8h0.09901−0.171%$2K$524K10xas long as short
Hyperliquid DOGE+0.0118%1h0.09907−0.108%$123.4M$114.6M10xas long as short
01 Exchange DOGEUSD+0.0168%1h0.09912−0.058%$441$4K10xas long as short
Reya DOGERUSDPERP+0.0194%1h0.09899−0.188%$2K20xas long as short
BloFin DOGE-USDTlong+0.0220%8h0.09918long leg$16.0M$26.8M75x
Arcus DOGE-USD+0.0231%1h0.09919+0.010%$107K$207K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0234%1h0.09918−0.003%$563K$247K25xas long as short
Phoenix DOGE+0.0240%1h0.09920+0.015%$18K$382K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0285%1h0.09901−0.168%$318K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.09917−0.010%$2.0M$33.7M50xas long as short
RISEx DOGE/USDC+0.0686%1h0.09913−0.048%$399K$442K10xas long as short
Injective DOGE/USDC PERP+0.1217%1h0.1053+6.171%$6K$242K12xas long as short