Funding you earn now, next payment 05:00 UTC−0.0146%/8h= −16.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.031%
Price spread now: Lighter against Kraken Futures+0.103%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.103%, 7d avg +0.026%
=Together, before fees−0.074%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.077% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.026%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.023% in total) that is about 23 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOGEUSD | 0.1038 | 0.0242 | pay 0.0030% / 1h | 29m 56s | $5.6M | $38.5M | 50x |
| Short | Lighter DOGE | 0.1040 | 0.0096 | get 0.0012% / 1h | 29m 56s | $738K | $6.4M | 15x |
Kraken Futures PF_DOGEUSD
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- −$30.71
- Price spread: +0.103% → +0.026%
- $7.74
- Slippage, 4 orders
- −$27.06
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$60.04
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Lighter: live order book, 8 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 Kraken Futures live order book, 4 min ago | 0.96 bp | 10.0 bp −$10 | 11.3 bp −$113 | 32.2 bp −$3,216 | doesn't fit |
| Sell Lighter live order book, 8 min ago | 2.28 bp | 11.7 bp −$12 | 18.6 bp −$186 | 37.0 bp −$3,700 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1039 | +0.049% | $735K | $6.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1039 | +0.030% | $25K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0014% | 1h | 0.1036 | −0.248% | $233K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0044% | 8h | 0.1038 | −0.027% | $136.4M | $314.3M | 75x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.1040 | +0.103% | $738K | $6.4M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1038 | −0.085% | $562K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1038 | −0.042% | $5.0M | $54.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1038 | −0.089% | $334K | $514K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1038 | −0.040% | $345.6M | $1.60B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1038 | −0.046% | $171.9M | $493.6M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1038 | −0.046% | $118.4M | $1.16B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +0.750% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1038 | −0.075% | $256.5M | $144.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1038 | −0.046% | $115.9M | $242.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1038 | −0.017% | $68.3M | $47.9M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1037 | −0.113% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1038 | −0.007% | $350K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1038 | −0.078% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1046 | +0.717% | $334K | $135.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1045 | +0.667% | $661K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1046 | +0.724% | $157K | $327K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1037 | −0.104% | $262K | $960K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1039 | +0.060% | $73K | $457K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1039 | +0.076% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1039 | +0.096% | $37K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1039 | +0.031% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1038 | −0.001% | $6.1M | $64.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1039 | +0.079% | $95.6M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.1041 | +0.261% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1038 | −0.071% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1040 | +0.132% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0124% | 8h | 0.1037 | −0.142% | $2K | $495K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1038 | −0.027% | $2K | — | 20x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0202% | 1h | 0.1040 | +0.149% | $590K | $246K | 25x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1038 | −0.036% | $16.7M | $27.4M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1047 | +0.779% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0242% | 1h | 0.1038 | long leg | $5.6M | $38.5M | 50x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0320% | 1h | 0.1039 | +0.026% | $343K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1036 | −0.237% | $461 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1039 | +0.060% | $2.0M | $33.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0547% | 1h | 0.1040 | +0.118% | $129.8M | $109.2M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1037 | −0.162% | $112K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1037 | −0.186% | $418K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +1.398% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
Deribit DOGE_USDC-PERPETUAL
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP