Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bybit+0.095%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days−0.169%−$17 · spread now +0.095%, 7d avg +0.022%
=Together, before fees−0.086%+ Points / potential airdropLighter: Season 3 · farm board−$9 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 0.073% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DOGEUSDT | 0.09922 | 0.0100 | pay 0.0100% / 8h | 2h 20m | $163.1M | $516.6M | 75x |
| Short | Lighter DOGE | 0.09931 | 0.0096 | get 0.0012% / 1h | 20m 10s | $847K | $6.8M | 15x |
Bybit DOGEUSDT
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$0.84
- Price spread: +0.095% → +0.022%
- $7.29
- Slippage, 4 orders
- −$15.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$20.23
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 3 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 Bybit live order book, 4 min ago | 0.51 bp | 7.9 bp −$8 | 9.5 bp −$95 | 18.7 bp −$1,873 | 43.1 bp −$21.5K |
| Sell Lighter live order book, 3 min ago | 1.37 bp | 4.3 bp −$4 | 11.5 bp −$115 | 35.5 bp −$3,554 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09921 | −0.008% | $606K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09918 | −0.043% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.09922 | +0.003% | $5.6M | $39.9M | 50x | as long as short |
| dYdX DOGE-USD | +0.0035% | 1h | 0.09917 | −0.048% | $223K | $70K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0036% | 1h | 0.09910 | −0.117% | $267K | $1.2M | 10x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.09931 | +0.095% | $847K | $6.8M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09921 | −0.005% | $538K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09924 | +0.019% | $4.4M | $57.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09924 | +0.025% | $318K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09925 | +0.030% | $323.9M | $1.68B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDTlong | +0.0100% | 8h | 0.09922 | long leg | $163.1M | $516.6M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09924 | +0.020% | $115.4M | $1.17B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09881 | −0.417% | $379K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09918 | −0.040% | $246.4M | $152.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09925 | +0.030% | $110.0M | $255.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09923 | +0.010% | $65.8M | $49.6M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.09911 | −0.111% | $135.6M | $335.7M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09923 | +0.010% | — | $80.6M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09902 | −0.202% | $295K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09900 | −0.224% | $1.0M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09876 | −0.459% | $310K | $139.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09872 | −0.500% | $627K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.423% | $146K | $341K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09923 | +0.010% | $63K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09922 | +0.004% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09928 | +0.059% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09924 | +0.020% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09923 | +0.010% | $5.9M | $68.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09925 | +0.030% | $91.2M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09924 | +0.016% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09920 | −0.018% | $482K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09927 | +0.047% | $19K | — | 3x | as long as short |
| Hyperliquid DOGE | +0.0104% | 1h | 0.09926 | +0.041% | $123.1M | $115.7M | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0111% | 8h | 0.09913 | −0.091% | $828 | $526K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0195% | 1h | 0.09916 | −0.058% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09924 | +0.022% | $441 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09904 | −0.181% | $16.0M | $26.7M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.09925 | +0.030% | $27K | $299K | 10x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09861 | −0.614% | $18K | $382K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0285% | 1h | 0.09918 | −0.036% | $317K | — | 200x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0284% | 1h | 0.09928 | +0.055% | $564K | $247K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.09926 | +0.040% | $1.9M | $34.1M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.09926 | +0.042% | $400K | $444K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +6.128% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
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
Hyperliquid DOGE
Katana Perps DOGE-USD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Arcus DOGE-USD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP