Funding you earn now, next payment 09:00 UTC+0.0329%/8h= +36.0% APRnext payment +$0.41 per $10,000 · paid last 24h +0.048%
Price spread now: GMX against Lighter−0.095%7-day average −0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.095%, 7d avg −0.022%
=Together, before fees+0.246%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.072% cheaper against Lighter than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.022%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.163% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.09912 | 0.0096 | pay 0.0012% / 1h | 57m 11s | $827K | $6.8M | 15x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.09902 | L +0.0285% / S −0.0425% | get 0.0053% / 1h | 57m 11s | $397K | — | 200x |
Lighter DOGE
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $69.11
- Price spread: −0.095% → −0.022%
- −$7.25
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $49.87
- Costs to cover
- 0.120%
- Break-even
- 1.9 days
Slippage unknown: Lighter: live order book, 6 min ago; GMX: no order-book sample. Net counts fees only.
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 | 3.68 bp | 5.7 bp −$6 | 8.0 bp −$80 | 20.2 bp −$2,016 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DOGEUSDT | −0.0299% | 8h | 0.09905 | −0.069% | $90.6M | $16.7M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0096% | 1h | 0.09903 | −0.089% | $5.6M | $40.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0006% | 8h | 0.09897 | −0.149% | $140.5M | $348.0M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09895 | −0.168% | $222K | $63K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09892 | −0.195% | $580K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09903 | −0.088% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.237% | $6K | $242K | 12x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0053% | 1h | 0.09904 | −0.080% | $555K | $282K | 25x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.09912 | long leg | $827K | $6.8M | 15x | |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09895 | −0.169% | $1K | $544K | 10x | as long as short |
Phemex DOGEUSDT
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Deribit DOGE_USDC-PERPETUAL
Katana Perps DOGE-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.09895 | −0.169% | $536K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09912 | +0.004% | $123.6M | $117.4M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09901 | −0.108% | $4.9M | $59.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09895 | −0.166% | $321K | $506K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09900 | −0.120% | $327.3M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09902 | −0.099% | $163.6M | $526.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09907 | −0.048% | $115.1M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09900 | −0.119% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.270% | $377K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09902 | −0.099% | $250.6M | $152.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09907 | −0.048% | $116.8M | $257.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09904 | −0.079% | $66.4M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09905 | −0.069% | — | $53.7M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09907 | −0.048% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09877 | −0.349% | $1.0M | $8.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09873 | −0.389% | $301K | $139.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09865 | −0.472% | $625K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09870 | −0.422% | $141K | $346K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09902 | −0.099% | $258K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09902 | −0.099% | $71K | $475K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09861 | −0.515% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09908 | −0.038% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09902 | −0.099% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09906 | −0.058% | $5.9M | $69.1M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09897 | −0.150% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09896 | −0.155% | $483K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09902 | −0.103% | $19K | — | 3x | as long as short |
| Phoenix DOGE | +0.0160% | 1h | 0.09885 | −0.266% | $18K | $386K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0201% | 1h | 0.09898 | −0.140% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09907 | −0.048% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09899 | −0.129% | $15.5M | $26.8M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09904 | −0.074% | $440 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0285% / S −0.0425% | 1h | 0.09902 | −0.095% | $397K | — | 200x | |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09910 | −0.018% | $399K | $455K | 10x | as long as short |
Nado DOGE-PERP
Hyperliquid DOGE
Aster DOGEUSDT
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Phoenix DOGE
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
RISEx DOGE/USDC