DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.014%

Price spread now: dYdX against Lighter−0.050%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.050%, 7d avg −0.055%

Together, before fees−0.087%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$3 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	0.09900	0.0096	pay 0.0012% / 1h	53m 38s	$826K	$6.8M	15x
Short	dYdX DOGE-USD	0.09896	0	get 0.0000% / 1h	53m 38s	$222K	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$20.16
Price spread: −0.050% → −0.055%: $0.44
Slippage, 4 orders: −$55.58
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$85.3
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; dYdX: live order book, 45 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, 5 min ago	3.89 bp	5.7 bp −$6	8.6 bp −$86	23.6 bp −$2,364	doesn't fit
Sell dYdX live order book, 45 min ago	21.12 bp	26.1 bp −$26	133.0 bp −$1,330	191.8 bp −$19.2K	288.7 bp −$144.3K

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
Kraken Futures PF_DOGEUSD	−0.0096%	1h	0.09890	−0.104%	$5.5M	$40.8M	50x	as long as short
Bitget DOGEUSDT	−0.0008%	8h	0.09896	−0.045%	$140.5M	$347.7M	75x	as long as short
dYdX DOGE-USDshort	0.0000%	1h	0.09896	−0.050%	$222K	$64K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09890	−0.105%	$577K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09887	−0.133%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.358%	$6K	$242K	12x	as long as short
Lighter DOGElong	+0.0096%	1h	0.09900	long leg	$826K	$6.8M	15x
Katana Perps DOGE-USD	+0.0100%	8h	0.09902	+0.015%	$1K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09885	−0.157%	$535K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09902	+0.010%	$123.5M	$117.0M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09895	−0.058%	$4.9M	$59.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09895	−0.056%	$321K	$506K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09896	−0.045%	$327.2M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09893	−0.076%	$163.7M	$523.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09898	−0.025%	$115.1M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09905	+0.045%	$16K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09885	−0.157%	$377K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09895	−0.056%	$250.4M	$152.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09899	−0.015%	$117.2M	$257.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09897	−0.035%	$66.4M	$49.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09903	+0.025%	—	$53.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09891	−0.096%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09879	−0.218%	$1.0M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09895	−0.054%	$300K	$139.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09865	−0.358%	$625K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09870	−0.308%	$141K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09894	−0.066%	$257K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09887	−0.136%	$70K	$473K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09903	+0.028%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09899	−0.014%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09888	−0.126%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09893	−0.071%	$5.9M	$69.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09890	−0.106%	$90.4M	$16.7M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09896	−0.043%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09893	−0.073%	$478K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09889	−0.121%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0134%	1h	0.09891	−0.096%	$555K	$282K	25x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09885	−0.153%	$18K	$386K	10x	as long as short
Reya DOGERUSDPERP	+0.0201%	1h	0.09889	−0.118%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09892	−0.086%	$1.9M	$34.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09876	−0.247%	$15.6M	$26.7M	75x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.09910	+0.093%	$441	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0285% / S −0.0375%	1h	0.09887	−0.135%	$412K	—	200x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09909	+0.086%	$398K	$455K	10x	as long as short