Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.006%

Price spread now: Gate against Lighter−0.058%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.058%, 7d avg −0.066%

Together, before fees−0.073%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: −$1 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	0.09902	0.0096	pay 0.0012% / 1h	46m 34s	$798K	$5.0M	15x
Short	Gate DOGE_USDT	0.09896	0.0065	get 0.0065% / 8h	2h 46m	$235.2M	$118.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.058%Rate

Funding earned: −$6.51
Price spread: −0.058% → −0.066%: $0.84
Slippage, 4 orders: −$15.51
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.19
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Gate: live order book, 2 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	1.01 bp	3.1 bp −$3	15.7 bp −$157	37.5 bp −$3,747	doesn't fit
Sell Gate live order book, 2 min ago	0.51 bp	10.7 bp −$11	17.6 bp −$176	28.1 bp −$2,808	47.5 bp −$23.8K

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	0.09891	−0.108%	$151.9M	$259.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09886	−0.161%	$349K	$4.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09894	−0.082%	$31K	—	150x	as long as short
dYdX DOGE-USD	+0.0045%	1h	0.09899	−0.032%	$222K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0053%	1h	0.09897	−0.052%	$619K	$88K	25x	as long as short
Gate DOGE_USDTshort	+0.0065%	8h	0.09896	−0.058%	$235.2M	$118.3M	75x
Phoenix DOGE	+0.0080%	1h	0.09885	−0.164%	$15K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0095%	8h	0.09895	−0.068%	$2K	$334K	10x	as long as short
Lighter DOGElong	+0.0096%	1h	0.09902	long leg	$798K	$5.0M	15x
Nado DOGE-PERP	+0.0100%	1h	0.09883	−0.189%	$627K	$693K	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	0.09898	−0.038%	$4.9M	$40.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09900	−0.021%	$337K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09898	−0.037%	$317.1M	$1.25B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09895	−0.068%	$154.2M	$393.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09900	−0.017%	$107.6M	$883.6M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09906	+0.043%	$28K	$75K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09895	−0.068%	$379K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09899	−0.027%	$117.7M	$210.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09897	−0.047%	$65.2M	$38.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09898	−0.037%	—	$73.2M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09879	−0.234%	$1.1M	$7.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09886	−0.162%	$263K	$110.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09884	−0.174%	$622K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09880	−0.219%	$141K	$222K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09890	−0.118%	$274K	$545K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09894	−0.078%	$72K	$363K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09891	−0.113%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09890	−0.114%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09889	−0.128%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09891	−0.113%	$6.0M	$46.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09887	−0.148%	$91.8M	$18.9M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09904	+0.023%	$524K	$854K	15x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09898	−0.039%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09898	−0.041%	$543K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09893	−0.085%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09895	−0.066%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09888	−0.138%	$15.3M	$23.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09895	−0.068%	$2.0M	$22.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0263%	1h	0.09893	−0.090%	$305K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0289%	1h	0.09892	−0.093%	$6.8M	$30.3M	50x	as long as short
01 Exchange DOGEUSD	+0.0304%	1h	0.09899	−0.023%	$523	$4K	10x	as long as short
Hyperliquid DOGE	+0.0523%	1h	0.09906	+0.039%	$110.8M	$77.5M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09908	+0.062%	$312K	$469K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09910	+0.084%	$5K	$153K	12x	as long as short