Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: GRVT against Lighter+0.384%78s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.295% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days−0.259%−$26 · spread now +0.384%, 7d avg −0.007%
=Together, before fees−0.242%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.391% dearer against Lighter than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.09878 | 0.0096 | pay 0.0012% / 1h | 49m 56s | $745K | $6.2M | 15x |
| Short | GRVT DOGE_USDT_Perp | 0.09916 | 0.0100 | get 0.0100% / 8h | 4h 49m | $624K | $4.4M | 10x |
Lighter DOGE
GRVT DOGE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $0.84
- Price spread: +0.384% → −0.007%
- $39.08
- Slippage, 4 orders
- −$20.52
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $10.4
- Costs to cover
- 0.295%
- Break-even
- from the start
Slippage from Lighter: live order book, 8 min ago; GRVT: live order book, 4 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, 8 min ago | 0.96 bp | 8.3 bp −$8 | 12.5 bp −$125 | 33.6 bp −$3,360 | doesn't fit |
| Sell GRVT live order book, 4 min ago | 0.50 bp | 5.0 bp −$5 | 13.6 bp −$136 | 45.9 bp −$4,588 | 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 | −0.0062% | 8h | 0.09859 | −0.189% | $149.0M | $274.8M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09872 | −0.059% | $5.7M | $35.4M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09881 | +0.031% | $432K | $5.2M | 2.8x | as long as short |
| dYdX DOGE-USD | +0.0001% | 1h | 0.09873 | −0.052% | $222K | $49K | 10x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09874 | −0.040% | $23K | — | 150x | as long as short |
| Polymarket Perps DOGE-USD | +0.0038% | 1h | 0.09868 | −0.094% | $258K | $823K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0054% | 1h | 0.09875 | −0.029% | $590K | $118K | 25x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.09878 | long leg | $745K | $6.2M | 15x | |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09871 | −0.068% | $892 | $449K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09875 | −0.027% | $523K | $1.0M | 10x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
dYdX DOGE-USD
gTrade (Gains Network) DOGE/USD
Polymarket Perps DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09864 | −0.141% | $4.5M | $48.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09880 | +0.023% | $321K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09865 | −0.126% | $314.9M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09869 | −0.088% | $159.4M | $442.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09867 | −0.108% | $109.8M | $984.2M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09930 | +0.529% | $381K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09862 | −0.159% | $241.6M | $132.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09861 | −0.169% | $111.1M | $233.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09858 | −0.199% | $65.1M | $43.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09867 | −0.108% | — | $76.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09861 | −0.169% | $309K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09868 | −0.100% | $979K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09908 | +0.304% | $295K | $129.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perpshort | +0.0100% | 8h | 0.09916 | +0.384% | $624K | $4.4M | 10x | |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | +0.327% | $144K | $283K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09872 | −0.058% | $69K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09870 | −0.082% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09880 | +0.027% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09872 | −0.058% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09867 | −0.112% | $5.9M | $57.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09873 | −0.048% | $90.8M | $16.5M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09890 | +0.127% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09854 | −0.241% | $495K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09871 | −0.066% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09879 | +0.018% | $527 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0188% | 1h | 0.09875 | −0.030% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09879 | +0.013% | $15.5M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09913 | +0.356% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09875 | −0.028% | $309K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09880 | +0.023% | $2.3M | $26.5M | 50x | as long as short |
| Hyperliquid DOGE | +0.0297% | 1h | 0.09873 | −0.052% | $120.1M | $100.0M | 10x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.09886 | +0.084% | $117K | $189K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09881 | +0.028% | $399K | $411K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09940 | +0.631% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
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
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP