DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.031%

Price spread now: Lighter against Deribit+0.084%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$20 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.084%, 7d avg +0.031%

Together, before fees+0.137%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.053% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DOGE_USDC-PERPETUAL	0.1009	0	get 0.0000% / 1h	11m 50s	$607K	$119K	25x
Short	Lighter DOGE	0.1010	0.0096	get 0.0012% / 1h	11m 50s	$798K	$5.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.084%Rate

Funding earned: $20.16
Price spread: +0.084% → +0.031%: $5.34
Slippage, 4 orders: −$28.42
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.92
Costs to cover: 0.354%
Break-even: 10.4 days

Slippage from Deribit: live order book, 62 min ago; Lighter: live order book, 6 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 Deribit live order book, 62 min ago	3.53 bp	11.0 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	1.44 bp	8.0 bp −$8	13.6 bp −$136	35.8 bp −$3,579	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	−0.0169%	8h	0.1008	−0.169%	$153.1M	$271.6M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1010	+0.022%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	+0.080%	$394K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUALlong	0.0000%	1h	0.1009	long leg	$607K	$119K	25x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1009	−0.024%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0012%	1h	0.1009	+0.005%	$227K	$44K	10x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.1010	+0.084%	$798K	$5.9M	15x
Katana Perps DOGE-USD	+0.0100%	8h	0.1010	+0.039%	$2K	$419K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1009	−0.070%	$517K	$973K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1008	−0.100%	$5.1M	$46.6M	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	0.1010	+0.053%	$337K	$511K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1010	+0.029%	$321.2M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1010	+0.049%	$161.0M	$439.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1010	+0.039%	$111.5M	$974.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1010	+0.098%	$28K	$74K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.616%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1009	−0.011%	$245.5M	$131.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1009	+0.009%	$113.3M	$226.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1008	−0.090%	$66.1M	$42.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1008	−0.100%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1008	−0.110%	$366K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.097%	$994K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1014	+0.440%	$271K	$125.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1015	+0.514%	$639K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1015	+0.554%	$149K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1010	+0.019%	$268K	$634K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1009	−0.021%	$74K	$426K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1009	−0.025%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1010	+0.055%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1009	−0.011%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1009	−0.024%	$6.0M	$52.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1009	−0.060%	$93.1M	$18.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1010	+0.012%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1008	−0.127%	$534K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1009	−0.016%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1010	+0.062%	$533	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0182%	1h	0.1008	−0.092%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1008	−0.120%	$15.4M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1010	+0.019%	$2.0M	$25.2M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1011	+0.163%	$66K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0271%	1h	0.1009	−0.004%	$317K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1010	+0.098%	$326K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0780%	1h	0.1009	−0.011%	$123.1M	$95.6M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1018	+0.851%	$5K	$239K	12x	as long as short