Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against edgeX−0.368%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.506%+$51 · spread now −0.368%, 7d avg +0.069%

Together, before fees+0.490%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$49 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 0.438% cheaper against edgeX than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DOGEUSDC	0.1014	0.0100	pay 0.0050% / 4h	3h 11m	$271K	$125.1M	20x
Short	Lighter DOGE	0.1010	0.0096	get 0.0012% / 1h	11m 16s	$797K	$5.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.368%Rate

Funding earned: −$0.84
Price spread: −0.368% → +0.069%: −$43.76
Slippage, 4 orders: −$18.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$72.52
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 3 min ago	1.97 bp	6.5 bp −$6	6.8 bp −$68	13.8 bp −$1,376	doesn't fit
Sell Lighter live order book, 7 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	−0.0168%	8h	0.1009	−0.509%	$153.2M	$271.5M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1009	−0.494%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	−0.380%	$416K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1009	−0.449%	$607K	$119K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1009	−0.481%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0012%	1h	0.1009	−0.442%	$227K	$44K	10x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.1010	−0.368%	$797K	$5.9M	15x
Katana Perps DOGE-USD	+0.0100%	8h	0.1009	−0.430%	$843	$419K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1011	−0.306%	$518K	$972K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1010	−0.387%	$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	−0.381%	$337K	$511K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1010	−0.424%	$321.1M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1009	−0.430%	$160.9M	$439.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1009	−0.430%	$111.3M	$973.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1011	−0.321%	$28K	$74K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−1.052%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1009	−0.499%	$245.4M	$131.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1009	−0.439%	$113.3M	$226.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1009	−0.459%	$66.2M	$42.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1009	−0.449%	—	$76.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1009	−0.430%	$366K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1009	−0.490%	$996K	$8.1M	—	as long as short
edgeX DOGEUSDClong	+0.0100%	4h	0.1014	long leg	$271K	$125.1M	20x
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1012	−0.213%	$644K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1015	+0.113%	$149K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1010	−0.370%	$268K	$633K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1009	−0.479%	$74K	$426K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1009	−0.520%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1009	−0.453%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1009	−0.489%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1009	−0.451%	$6.0M	$52.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1009	−0.449%	$93.1M	$17.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1009	−0.437%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1009	−0.487%	$534K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1009	−0.475%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1011	−0.330%	$534	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0182%	1h	0.1010	−0.347%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1009	−0.439%	$15.4M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1009	−0.430%	$2.0M	$25.2M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1010	−0.367%	$66K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0271%	1h	0.1009	−0.509%	$318K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1010	−0.333%	$326K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0779%	1h	0.1012	−0.222%	$123.4M	$95.7M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1013	−0.084%	$5K	$239K	12x	as long as short