Funding you earn now, next payment 05:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.032%
Price spread now: Coinbase International against Lighter−0.043%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.043%, 7d avg −0.019%
=Together, before fees−0.063%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.024% cheaper against Lighter than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.019%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.09933 | 0.0096 | pay 0.0012% / 1h | 19m 01s | $847K | $6.8M | 15x |
| Short | Coinbase International DOGE-PERP-INTX | 0.09929 | 0.0304 | get 0.0038% / 1h | 19m 01s | $1.9M | $34.1M | 50x |
Lighter DOGE
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $43.68
- Price spread: −0.043% → −0.019%
- −$2.42
- Slippage, 4 orders
- −$21.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $10.09
- Costs to cover
- 0.312%
- Break-even
- 5.4 days
Slippage from Lighter: live order book, 4 min ago; Coinbase International: 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, 4 min ago | 1.37 bp | 7.5 bp −$7 | 11.1 bp −$111 | 26.4 bp −$2,640 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 2.53 bp | 9.0 bp −$9 | 13.8 bp −$138 | 43.4 bp −$4,337 | 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 | 0.09930 | −0.036% | $608K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09924 | −0.092% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.09924 | −0.089% | $5.6M | $39.9M | 50x | as long as short |
| dYdX DOGE-USD | +0.0034% | 1h | 0.09917 | −0.167% | $223K | $70K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0037% | 1h | 0.09919 | −0.140% | $267K | $1.2M | 10x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.09933 | long leg | $847K | $6.8M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09920 | −0.139% | $538K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09928 | −0.054% | $4.4M | $57.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09923 | −0.101% | $318K | $514K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09927 | −0.059% | $324.0M | $1.68B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09917 | −0.164% | $163.1M | $517.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09920 | −0.134% | $116.0M | $1.17B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09881 | −0.530% | $379K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09925 | −0.084% | $247.9M | $153.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09920 | −0.134% | $109.9M | $255.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09919 | −0.144% | $65.8M | $49.6M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.09909 | −0.245% | $139.2M | $338.4M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09924 | −0.094% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09929 | −0.043% | $298K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09900 | −0.338% | $1.0M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | −0.202% | $320K | $139.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09872 | −0.613% | $627K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.537% | $146K | $341K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09927 | −0.063% | $63K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09926 | −0.077% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09930 | −0.034% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09926 | −0.073% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09922 | −0.113% | $5.9M | $68.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09925 | −0.084% | $91.2M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09921 | −0.120% | $18K | $5K | 30x | as long as short |
| Hyperliquid DOGE | +0.0104% | 1h | 0.09936 | +0.025% | $123.2M | $115.7M | 10x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09916 | −0.170% | $482K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09932 | −0.011% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0111% | 8h | 0.09919 | −0.144% | $829 | $526K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0195% | 1h | 0.09923 | −0.101% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09930 | −0.036% | $442 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09930 | −0.033% | $15.9M | $26.8M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.09929 | −0.043% | $27K | $299K | 10x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09916 | −0.175% | $18K | $382K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0288% | 1h | 0.09924 | −0.089% | $316K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0304% | 1h | 0.09929 | −0.043% | $1.9M | $34.1M | 50x | |
| Deribit DOGE_USDC-PERPETUAL | +0.0314% | 1h | 0.09931 | −0.028% | $564K | $247K | 25x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.09930 | −0.032% | $400K | $444K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +6.007% | $6K | $242K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Hyperliquid DOGE
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Arcus DOGE-USD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Deribit DOGE_USDC-PERPETUAL
RISEx DOGE/USDC
Injective DOGE/USDC PERP