DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0908%/8h= −99.5% APRnext payment −$1.14 per $10,000 · paid last 24h −0.208%

Price spread now: Lighter against Injective−0.167%7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$840.845% of the position

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−1.504%−$150 on $10k

Price spread, last 4 days (all we have)+0.346%+$35 · spread now −0.167%, 7d avg −0.150%

Together, before fees−1.158%+ Points / potential airdropLighter: Season 3 · farm board−$116 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.150%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DOGE/USDC PERP	0.09890	0.1004	pay 0.0126% / 1h	49m 25s	$5K	$239K	12x
Short	Lighter DOGE	0.09874	0.0096	get 0.0012% / 1h	49m 25s	$744K	$6.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now −0.167%Rate

Funding earned: −$190.73
Price spread: −0.167% → −0.150%: −$1.66
Slippage, 4 orders: −$84.46
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$276.86
Costs to cover: 0.845%
Break-even: never at this rate

Slippage from Injective: live order book, 9 min ago; Lighter: live order book, 9 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 Injective live order book, 9 min ago	35.30 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	0.96 bp	5.6 bp −$6	9.0 bp −$90	27.3 bp −$2,732	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	−0.0061%	8h	0.09846	−0.445%	$148.9M	$274.9M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.09858	−0.327%	$5.7M	$35.4M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09881	−0.093%	$432K	$5.2M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09853	−0.379%	$589K	$118K	25x	as long as short
dYdX DOGE-USD	+0.0001%	1h	0.09865	−0.256%	$221K	$49K	10x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09851	−0.396%	$23K	—	150x	as long as short
Polymarket Perps DOGE-USD	+0.0019%	1h	0.09852	−0.384%	$257K	$829K	10x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.09874	−0.167%	$744K	$6.2M	15x
Katana Perps DOGE-USD	+0.0099%	8h	0.09857	−0.334%	$2K	$448K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09858	−0.324%	$523K	$1.0M	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	0.09857	−0.337%	$4.5M	$48.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09868	−0.221%	$320K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09855	−0.354%	$314.6M	$1.45B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09851	−0.394%	$159.1M	$443.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09853	−0.374%	$109.8M	$983.2M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09930	+0.404%	$381K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09849	−0.415%	$241.3M	$132.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09854	−0.364%	$110.9M	$233.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09852	−0.384%	$65.0M	$43.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09854	−0.364%	—	$76.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09861	−0.293%	$309K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09868	−0.225%	$979K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09908	+0.179%	$295K	$129.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09916	+0.259%	$624K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09870	−0.202%	$143K	$283K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09851	−0.394%	$69K	$436K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09850	−0.409%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09857	−0.329%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09872	−0.182%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09867	−0.237%	$5.9M	$57.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09873	−0.172%	$90.8M	$16.5M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09870	−0.205%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09849	−0.416%	$495K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09851	−0.398%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09862	−0.280%	$526	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0188%	1h	0.09849	−0.412%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09879	−0.111%	$15.5M	$25.0M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.09913	+0.232%	$64K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09852	−0.388%	$308K	—	200x	as long as short
Hyperliquid DOGE	+0.0287%	1h	0.09861	−0.290%	$120.0M	$100.0M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.09880	−0.101%	$2.3M	$26.5M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.09870	−0.202%	$117K	$189K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.09864	−0.258%	$398K	$411K	10x	as long as short
Injective DOGE/USDC PERPlong	+0.1004%	1h	0.09890	long leg	$5K	$239K	12x