Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.031%
Price spread now: Deribit against Lighter−0.084%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days−0.195%−$20 on $10k
+Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.084%, 7d avg −0.031%
=Together, before fees−0.137%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.053% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.1010 | 0.0096 | pay 0.0012% / 1h | 12m 05s | $798K | $5.9M | 15x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1009 | 0 | get 0.0000% / 1h | 12m 05s | $607K | $119K | 25x |
Lighter DOGE
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$20.16
- Price spread: −0.084% → −0.031%
- −$5.33
- Slippage, 4 orders
- −$28.42
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$60.92
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Deribit: live order book, 62 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, 6 min ago | 1.44 bp | 7.0 bp −$7 | 11.1 bp −$111 | 27.2 bp −$2,716 | doesn't fit |
| Sell Deribit live order book, 62 min ago | 3.53 bp | 9.4 bp −$9 | 37.2 bp −$372 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0169% | 8h | 0.1007 | −0.313% | $153.0M | $271.6M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1010 | −0.063% | $6.1M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1010 | −0.004% | $394K | $4.9M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | 0.0000% | 1h | 0.1009 | −0.084% | $607K | $119K | 25x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1009 | −0.108% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0012% | 1h | 0.1009 | −0.079% | $227K | $44K | 10x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.1010 | long leg | $798K | $5.9M | 15x | |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1010 | −0.046% | $2K | $419K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1009 | −0.154% | $517K | $973K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1009 | −0.090% | $5.1M | $46.6M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Katana Perps 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 | 0.1010 | −0.031% | $337K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1009 | −0.169% | $320.8M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1009 | −0.164% | $160.8M | $439.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1008 | −0.184% | $111.3M | $973.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1010 | +0.014% | $28K | $74K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | −0.700% | $384K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1008 | −0.214% | $245.2M | $131.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1008 | −0.184% | $113.2M | $226.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1009 | −0.095% | $66.2M | $42.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1008 | −0.204% | — | $76.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1008 | −0.194% | $366K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1010 | +0.013% | $994K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1014 | +0.356% | $271K | $125.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1015 | +0.430% | $639K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1015 | +0.469% | $149K | $270K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1010 | −0.065% | $268K | $634K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1009 | −0.105% | $74K | $426K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1009 | −0.109% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1010 | −0.029% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1009 | −0.095% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1009 | −0.108% | $6.0M | $52.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1009 | −0.145% | $93.1M | $18.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1010 | −0.072% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1009 | −0.113% | $534K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1009 | −0.100% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1010 | −0.022% | $533 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0182% | 1h | 0.1008 | −0.176% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1008 | −0.204% | $15.4M | $25.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1010 | −0.065% | $2.0M | $25.2M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1011 | +0.079% | $66K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0271% | 1h | 0.1009 | −0.088% | $317K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1010 | +0.014% | $326K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0780% | 1h | 0.1009 | −0.095% | $123.1M | $95.6M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1018 | +0.766% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP