Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bybit against Lighter−0.122%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.122%, 7d avg −0.059%
=Together, before fees−0.011%+ Points / potential airdropLighter: Season 3 · farm board−$1 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: Bybit is 0.062% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.09873 | 0.0096 | pay 0.0012% / 1h | 34m 32s | $783K | $5.1M | 15x |
| Short | Bybit DOGEUSDT | 0.09861 | 0.0100 | get 0.0100% / 8h | 2h 34m | $156.4M | $397.1M | 75x |
Lighter DOGE
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- $0.84
- Price spread: −0.122% → −0.059%
- −$6.23
- Slippage, 4 orders
- −$9.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$25.65
- Costs to cover
- 0.203%
- Break-even
- 220.8 days
Slippage from Lighter: live order book, 3 min ago; Bybit: live order book, 5 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 | 1.01 bp | 2.0 bp −$2 | 9.7 bp −$97 | 24.5 bp −$2,449 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.51 bp | 6.2 bp −$6 | 16.1 bp −$161 | 33.0 bp −$3,303 | 52.7 bp −$26.4K |
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 | −0.0279% | 8h | 0.09855 | −0.182% | $151.7M | $260.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09863 | −0.103% | $357K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09870 | −0.026% | $617K | $91K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09860 | −0.133% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0050% | 1h | 0.09867 | −0.066% | $221K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0063% | 8h | 0.09869 | −0.041% | $234.8M | $119.1M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09849 | −0.246% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09862 | −0.111% | $1K | $335K | 10x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.09873 | long leg | $783K | $5.1M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09863 | −0.101% | $626K | $695K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Phoenix DOGE
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 | 0.09865 | −0.076% | $4.9M | $40.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09872 | −0.008% | $336K | $505K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09866 | −0.071% | $313.6M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.09861 | −0.122% | $156.4M | $397.1M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09866 | −0.071% | $107.7M | $882.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09874 | +0.010% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09919 | +0.465% | $380K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09862 | −0.111% | $118.8M | $214.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09864 | −0.091% | $64.9M | $38.9M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09870 | −0.030% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09842 | −0.312% | $917K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09844 | −0.293% | $261K | $111.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09856 | −0.169% | $627K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09860 | −0.132% | $140K | $222K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09860 | −0.135% | $271K | $531K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09868 | −0.051% | $56K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09865 | −0.083% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09870 | −0.028% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09868 | −0.051% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09873 | +0.004% | $5.9M | $46.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09867 | −0.061% | $91.6M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09876 | +0.026% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09871 | −0.022% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09868 | −0.049% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09862 | −0.106% | $2K | — | 20x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0192% | 1h | 0.09878 | +0.051% | $522K | $934K | 15x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09868 | −0.048% | $521 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09873 | 0.000% | $15.2M | $23.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09878 | +0.051% | $2.0M | $22.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09859 | −0.145% | $304K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0290% | 1h | 0.09864 | −0.096% | $6.0M | $31.6M | 50x | as long as short |
| Hyperliquid DOGE | +0.0443% | 1h | 0.09871 | −0.016% | $109.5M | $78.6M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09874 | +0.015% | $308K | $470K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09880 | +0.071% | $5K | $153K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Reya DOGERUSDPERP
Backpack DOGE_USDC_PERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP