DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.024%

Price spread now: Arcus against Lighter−0.013%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.013%, 7d avg −0.031%

Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DOGE	0.09930	0.0096	pay 0.0012% / 1h	19m 44s	$846K	$6.8M	15x
Short	Arcus DOGE-USD	0.09929	0.0231	get 0.0029% / 1h	19m 44s	$27K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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 LighterbpFee ArcusbpOrdersPrice spread, now −0.013%Rate

Funding earned: $28.35
Price spread: −0.013% → −0.031%: $1.81
Slippage, 4 orders: −$22.83
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $2.82
Costs to cover: 0.273%
Break-even: 6.3 days

Slippage from Lighter: live order book, 3 min ago; Arcus: live order book, 24 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 Lighter live order book, 3 min ago	1.37 bp	7.5 bp −$7	11.1 bp −$111	26.4 bp −$2,640	doesn't fit
Sell Arcus live order book, 24 min ago	2.01 bp	7.6 bp −$8	24.0 bp −$240	doesn't fit	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	0.09921	−0.092%	$606K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09918	−0.127%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09922	−0.081%	$5.6M	$39.9M	50x	as long as short
dYdX DOGE-USD	+0.0034%	1h	0.09917	−0.137%	$223K	$70K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0036%	1h	0.09910	−0.200%	$267K	$1.2M	10x	as long as short
Lighter DOGElong	+0.0096%	1h	0.09930	long leg	$846K	$6.8M	15x
Nado DOGE-PERP	+0.0100%	1h	0.09921	−0.089%	$538K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09923	−0.077%	$4.4M	$57.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09923	−0.070%	$318K	$514K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09923	−0.076%	$323.8M	$1.68B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09920	−0.104%	$163.1M	$516.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09925	−0.053%	$115.6M	$1.17B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09881	−0.500%	$379K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09920	−0.104%	$247.1M	$153.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09923	−0.074%	$110.0M	$255.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09921	−0.094%	$65.8M	$49.6M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09910	−0.204%	$136.8M	$336.6M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09918	−0.124%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09926	−0.043%	$298K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09900	−0.307%	$1.0M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09876	−0.543%	$310K	$139.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09872	−0.583%	$627K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09880	−0.507%	$146K	$341K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09923	−0.074%	$63K	$469K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09922	−0.079%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09928	−0.024%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09924	−0.063%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09923	−0.074%	$5.9M	$68.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09925	−0.053%	$91.2M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09921	−0.090%	$18K	$5K	30x	as long as short
Hyperliquid DOGE	+0.0103%	1h	0.09930	−0.004%	$123.1M	$115.7M	10x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09919	−0.112%	$482K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09927	−0.036%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0111%	8h	0.09919	−0.114%	$829	$526K	10x	as long as short
Reya DOGERUSDPERP	+0.0195%	1h	0.09916	−0.141%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09924	−0.061%	$441	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09904	−0.265%	$16.0M	$26.7M	75x	as long as short
Arcus DOGE-USDshort	+0.0231%	1h	0.09929	−0.013%	$27K	$299K	10x
Phoenix DOGE	+0.0240%	1h	0.09861	−0.697%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0285%	1h	0.09918	−0.120%	$317K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0284%	1h	0.09928	−0.028%	$564K	$247K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09926	−0.043%	$1.9M	$34.1M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.09930	−0.002%	$400K	$444K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+6.039%	$6K	$242K	12x	as long as short