DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Bulk+0.969%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$71as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Bulk Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.847%−$85 · spread now +0.969%, 7d avg +0.035%

Together, before fees−0.851%+ Points / potential airdropLighter: Season 3 · farm board−$85 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.934% dearer against Bulk than usual: you sell high and buy low, +$93 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk DOGE-USD	0.09966	0.0100	pay 0.0013% / 1h	22m 40s	$382K	$14K	10x
Short	Lighter DOGE	0.1006	0.0096	get 0.0012% / 1h	22m 40s	$793K	$5.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bulk. 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 BulkbpFee LighterbpOrdersPrice spread, now +0.969%Rate

Funding earned: −$0.84
Price spread: +0.969% → +0.035%: $93.41
Slippage, 4 orders: −$15.69
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $69.88
Costs to cover: 0.227%
Break-even: from the start

Slippage from Bulk: live order book, 61 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 Bulk live order book, 61 min ago	5.02 bp	8.5 bp −$9	15.1 bp −$151	20.5 bp −$2,049	31.6 bp −$15.8K
Sell Lighter live order book, 5 min ago	1.00 bp	3.9 bp −$4	13.0 bp −$130	36.7 bp −$3,673	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	−0.0264%	8h	0.1006	+0.906%	$153.6M	$266.3M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1006	+0.930%	$419K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1005	+0.848%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1005	+0.851%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0011%	1h	0.1006	+0.919%	$226K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1007	+1.045%	$66K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0092%	8h	0.1006	+0.966%	$242.4M	$124.2M	75x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.1006	+0.969%	$793K	$5.4M	15x
Katana Perps DOGE-USD	+0.0097%	8h	0.1006	+0.956%	$840	$371K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	+0.961%	$580K	$856K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1007	+1.017%	$5.0M	$43.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1006	+0.978%	$336K	$508K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1007	+1.017%	$320.7M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1007	+0.996%	$159.7M	$420.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1007	+0.996%	$109.8M	$932.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1007	+1.077%	$28K	$76K	10x	as long as short
Bulk DOGE-USDlong	+0.0100%	1h	0.09966	long leg	$382K	$14K	10x
MEXC DOGE_USDT	+0.0100%	8h	0.1006	+0.956%	$111.3M	$217.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1006	+0.916%	$66.1M	$41.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1007	+1.006%	—	$74.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	+0.447%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.558%	$275K	$116.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	+0.684%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.545%	$146K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	+0.926%	$268K	$540K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1005	+0.816%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1005	+0.818%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1006	+0.994%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1005	+0.866%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1005	+0.816%	$6.0M	$50.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1006	+0.896%	$93.2M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1006	+0.952%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1006	+0.993%	$556K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1005	+0.846%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1006	+0.922%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1007	+1.047%	$532	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1006	+0.976%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	+0.956%	$15.4M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.1005	+0.862%	$315K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1005	+0.864%	$6.0M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0412%	1h	0.1006	+0.976%	$538K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0439%	1h	0.1007	+1.047%	$111.5M	$82.7M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	+1.090%	$316K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1009	+1.247%	$5K	$207K	12x	as long as short