Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: Lighter against Kalshi−0.006%7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$310.315% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.006%, 7d avg +0.072%
=Together, before fees+0.309%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.078% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.072%). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXDOGEPERP | 0.1007 | 0 | get 0.0000% / 8h | 3h 34m | $400K | $4.8M | 2.8x |
| Short | Lighter DOGE | 0.1007 | 0.0096 | get 0.0012% / 1h | 34m 24s | $786K | $5.8M | 15x |
Kalshi KXDOGEPERP
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kalshi. 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
- $20.16
- Price spread: −0.006% → +0.072%
- −$7.76
- Slippage, 4 orders
- −$21.46
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.06
- Costs to cover
- 0.315%
- Break-even
- 13.6 days
Slippage from Kalshi: live order book, 4 min ago; Lighter: live order book, 4 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 Kalshi live order book, 4 min ago | 3.97 bp | 9.0 bp −$9 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.23 bp | 4.2 bp −$4 | 12.7 bp −$127 | 31.4 bp −$3,138 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DOGEUSDT | −0.0250% | 8h | 0.1007 | −0.028% | $93.0M | $18.0M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0188% | 8h | 0.1005 | −0.197% | $153.1M | $270.7M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1007 | −0.013% | $6.1M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERPlong | 0.0000% | 8h | 0.1007 | long leg | $400K | $4.8M | 2.8x | |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1007 | −0.022% | $606K | $121K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1006 | −0.127% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0022% | 1h | 0.1006 | −0.088% | $226K | $44K | 10x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.1007 | −0.006% | $786K | $5.8M | 15x | |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1006 | −0.097% | $2K | $408K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1006 | −0.095% | $517K | $973K | 10x | as long as short |
Phemex DOGEUSDT
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.038% | $5.1M | $46.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1007 | +0.012% | $336K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1006 | −0.081% | $320.3M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1006 | −0.097% | $159.6M | $437.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1006 | −0.117% | $110.4M | $968.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1007 | −0.008% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1005 | −0.201% | $385K | $9K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1006 | −0.097% | $244.3M | $128.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1006 | −0.097% | $113.8M | $224.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1006 | −0.087% | $65.9M | $42.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1007 | +0.002% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1008 | +0.032% | $369K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1010 | +0.329% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1007 | +0.016% | $265K | $122.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | −0.138% | $637K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1010 | +0.280% | $148K | $267K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1006 | −0.137% | $271K | $571K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1007 | −0.048% | $73K | $428K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1007 | −0.033% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.028% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1007 | −0.018% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1006 | −0.107% | $6.0M | $52.4M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1006 | −0.082% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1006 | −0.093% | $532K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1007 | −0.051% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0181% | 1h | 0.1006 | −0.143% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1007 | −0.050% | $532 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1008 | +0.042% | $15.3M | $25.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1007 | +0.012% | $2.0M | $24.9M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1010 | +0.253% | $67K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.1006 | −0.110% | $310K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1007 | −0.043% | $319K | $478K | 10x | as long as short |
| Hyperliquid DOGE | +0.0850% | 1h | 0.1007 | +0.012% | $121.9M | $93.5M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1014 | +0.677% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
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-USDC
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP