Funding you earn now, next payment 01:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.025%
Price spread now: Lighter against Coinbase International−0.069%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 3 days (all we have)+0.118%+$12 · spread now −0.069%, 7d avg +0.016%
=Together, before fees+0.200%+ Points / potential airdropLighter: Season 3 · farm board+$20 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 0.085% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOGE-PERP-INTX | 0.09994 | 0.0240 | pay 0.0030% / 1h | 49m 25s | $2.0M | $25.0M | 50x |
| Short | Lighter DOGE | 0.09987 | 0.0096 | get 0.0012% / 1h | 49m 25s | $763K | $5.9M | 15x |
Coinbase International DOGE-PERP-INTX
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$30.24
- Price spread: −0.069% → +0.016%
- −$8.52
- Slippage, 4 orders
- −$21.61
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$70.37
- Costs to cover
- 0.316%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Lighter: live order book, 14 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 Coinbase International live order book, 5 min ago | 2.52 bp | 8.8 bp −$9 | 16.2 bp −$162 | 52.5 bp −$5,247 | doesn't fit |
| Sell Lighter live order book, 14 min ago | 1.50 bp | 5.4 bp −$5 | 13.9 bp −$139 | 31.7 bp −$3,169 | 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 | −0.0143% | 8h | 0.09972 | −0.220% | $151.2M | $272.8M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09977 | −0.175% | $224K | $59K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09981 | −0.131% | $411K | $4.9M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09974 | −0.202% | $23K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0066% | 1h | 0.09987 | −0.075% | $5.8M | $34.0M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0090% | 1h | 0.09989 | −0.050% | $597K | $119K | 25x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.09987 | −0.069% | $763K | $5.9M | 15x | |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09977 | −0.170% | $833 | $427K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09985 | −0.090% | $490K | $977K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09985 | −0.092% | $4.7M | $47.8M | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
Deribit DOGE_USDC-PERPETUAL
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09988 | −0.065% | $330K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09976 | −0.185% | $317.2M | $1.42B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09974 | −0.200% | $158.1M | $441.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09976 | −0.180% | $109.4M | $973.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09995 | +0.010% | $128K | $181K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09960 | −0.340% | $382K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09971 | −0.230% | $241.0M | $129.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09973 | −0.210% | $112.1M | $225.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09981 | −0.130% | $65.5M | $42.6M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09973 | −0.210% | — | $76.6M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09999 | +0.050% | $354K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09952 | −0.421% | $953K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09925 | −0.691% | $267K | $126.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09945 | −0.490% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | −0.440% | $146K | $272K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09974 | −0.204% | $257K | $640K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09974 | −0.200% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09985 | −0.088% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09977 | −0.169% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09991 | −0.030% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09987 | −0.073% | $6.0M | $54.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09990 | −0.040% | $92.1M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09985 | −0.089% | $529K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09988 | −0.064% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0118% | 8h | 0.09981 | −0.134% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0183% | 1h | 0.09973 | −0.207% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09986 | −0.081% | $532 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09962 | −0.320% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTXlong | +0.0240% | 1h | 0.09994 | long leg | $2.0M | $25.0M | 50x | |
| Phoenix DOGE | +0.0241% | 1h | 0.09980 | −0.141% | $65K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0268% | 1h | 0.09969 | −0.249% | $312K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09988 | −0.056% | $321K | $406K | 10x | as long as short |
| Hyperliquid DOGE | +0.0698% | 1h | 0.09992 | −0.020% | $121.4M | $96.9M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09980 | −0.140% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP