Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.001%
Price spread now: Lighter against Katana Perps+0.099%7-day average +0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.035%+$3 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.099%, 7d avg +0.055%
=Together, before fees−0.004%+ Points / potential airdropLighter: Season 3 · farm board$0 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 0.044% dearer against Katana Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps DOGE-USD | 0.1010 | 0.0097 | pay 0.0097% / 8h | 42m 34s | $975 | $389K | 10x |
| Short | Lighter DOGE | 0.1011 | 0.0096 | get 0.0012% / 1h | 42m 34s | $819K | $5.5M | 15x |
Katana Perps DOGE-USD
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Katana Perps. 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
- −$0.25
- Price spread: +0.099% → +0.055%
- $4.37
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $0.32
- Costs to cover
- 0.038%
- Break-even
- from the start
Slippage unknown: Katana Perps: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 2.02 bp | 8.6 bp −$9 | 13.8 bp −$138 | 33.1 bp −$3,313 | doesn't fit |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0242% | 8h | 0.1009 | −0.059% | $153.7M | $268.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1016 | +0.588% | $420K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1012 | +0.237% | $613K | $113K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1012 | +0.250% | $25K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0077% | 8h | 0.1009 | −0.020% | $243.7M | $126.2M | 75x | as long as short |
| dYdX DOGE-USD | +0.0088% | 1h | 0.1011 | +0.096% | $227K | $44K | 10x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.1011 | +0.099% | $819K | $5.5M | 15x | |
| Katana Perps DOGE-USDlong | +0.0097% | 8h | 0.1010 | long leg | $975 | $389K | 10x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1014 | +0.411% | $604K | $899K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1011 | +0.148% | $5.1M | $45.2M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
dYdX 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 | 0.1011 | +0.114% | $337K | $506K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1010 | +0.068% | $323.0M | $1.35B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1010 | +0.010% | $159.4M | $429.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1010 | +0.030% | $109.9M | $952.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1010 | +0.069% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | +0.475% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1010 | +0.030% | $112.9M | $220.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1011 | +0.089% | $66.4M | $41.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1010 | +0.030% | — | $75.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1018 | +0.864% | $1.1M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1018 | +0.867% | $279K | $118.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1018 | +0.822% | $641K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1019 | +0.921% | $150K | $249K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1013 | +0.357% | $262K | $555K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1012 | +0.267% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1012 | +0.229% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1012 | +0.247% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1012 | +0.208% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1011 | +0.170% | $6.1M | $51.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1012 | +0.208% | $93.6M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1010 | +0.022% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0104% | 1h | 0.1011 | +0.153% | $6.0M | $33.2M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1010 | +0.002% | $558K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1012 | +0.230% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1013 | +0.328% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1012 | +0.218% | $15.4M | $25.5M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1015 | +0.530% | $67K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1012 | +0.228% | $2.1M | $24.3M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0253% / S −0.0291% | 1h | 0.1012 | +0.251% | $333K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1010 | +0.051% | $533 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0450% | 1h | 0.1012 | +0.238% | $541K | $963K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1010 | +0.069% | $317K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0951% | 1h | 0.1012 | +0.258% | $118.2M | $88.0M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1020 | +1.020% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Paradex DOGE-USD-PERP
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP