Funding you earn now, next payment 05:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.001%
Price spread now: Katana Perps against Lighter+0.037%7-day average −0.058% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.037%, 7d avg −0.058%
=Together, before fees−0.166%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Katana Perps is 0.095% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.1047 | 0.0096 | pay 0.0012% / 1h | 54m 16s | $766K | $6.3M | 15x |
| Short | Katana Perps DOGE-USD | 0.1048 | 0.0121 | get 0.0121% / 8h | 3h 54m | $2K | $479K | 10x |
Lighter DOGE
Katana Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- $5.17
- Price spread: +0.037% → −0.058%
- $9.48
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $10.85
- Costs to cover
- 0.038%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 4 min ago; Katana Perps: 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, 4 min ago | 2.83 bp | 7.3 bp −$7 | 13.5 bp −$135 | 29.0 bp −$2,896 | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0012% | 8h | 0.1046 | −0.163% | $142.4M | $305.1M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1051 | +0.349% | $236K | $59K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1045 | −0.175% | $614K | $167K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1044 | −0.313% | $25K | — | 150x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.1047 | long leg | $766K | $6.3M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1044 | −0.307% | $565K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1047 | +0.020% | $4.9M | $52.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1050 | +0.257% | $346K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1045 | −0.226% | $345.1M | $1.55B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1045 | −0.173% | $172.9M | $477.8M | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1046 | −0.135% | $117.9M | $1.13B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | −0.054% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1044 | −0.287% | $256.6M | $139.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1045 | −0.259% | $117.9M | $238.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1045 | −0.240% | $69.0M | $45.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1044 | −0.287% | — | $3.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1049 | +0.215% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1027 | −1.943% | $312K | $133.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1028 | −1.794% | $651K | $4.5M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1045 | −0.249% | $268K | $885K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1045 | −0.173% | $73K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1046 | −0.142% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1047 | −0.009% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1047 | −0.039% | $2K | $4.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1046 | −0.076% | $6.2M | $61.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1046 | −0.163% | $96.1M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1049 | +0.134% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1045 | −0.167% | $509K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1045 | −0.170% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USDshort | +0.0121% | 8h | 0.1048 | +0.037% | $2K | $479K | 10x | |
| ApeX Omni DOGEUSDT | +0.0174% | 1h | 0.1027 | −1.930% | $149K | $293K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1045 | −0.238% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1047 | −0.039% | $16.4M | $27.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0240% | 1h | 0.1047 | −0.034% | $5.8M | $37.2M | 50x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.1022 | −2.386% | $66K | $292K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1047 | +0.010% | $466 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0317% | 1h | 0.1044 | −0.319% | $343K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1048 | +0.037% | $2.1M | $31.3M | 50x | as long as short |
| Kalshi KXDOGEPERP | +0.0307% | 8h | 0.1048 | +0.072% | $750K | $6.1M | 2.8x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0404% | 1h | 0.1050 | +0.219% | $346K | $1.2M | 15x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1048 | +0.075% | $114K | $199K | 10x | as long as short |
| Hyperliquid DOGE | +0.0645% | 1h | 0.1045 | −0.182% | $128.7M | $106.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1048 | +0.080% | $423K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.553% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
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
ApeX Omni DOGEUSDT
Reya DOGERUSDPERP
BloFin DOGE-USDT
Kraken Futures PF_DOGEUSD
Phoenix DOGE
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kalshi KXDOGEPERP
Backpack DOGE_USDC_PERP
Arcus DOGE-USD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP