Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h +0.024%
Price spread now: Kraken Futures against Lighter−0.338%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.338%, 7d avg −0.031%
=Together, before fees+0.315%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.307% cheaper against Lighter than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.09939 | 0.0096 | pay 0.0012% / 1h | 38m 23s | $834K | $6.8M | 15x |
| Short | Kraken Futures PF_DOGEUSD | 0.09905 | −0.0060 | pay 0.0008% / 1h | 38m 23s | $5.6M | $40.8M | 50x |
Lighter DOGE
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$32.85
- Price spread: −0.338% → −0.031%
- −$30.73
- Slippage, 4 orders
- −$21.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$95.35
- Costs to cover
- 0.318%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Kraken Futures: live order book, 6 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 | 3.31 bp | 6.9 bp −$7 | 10.8 bp −$108 | 32.1 bp −$3,213 | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 1.51 bp | 9.2 bp −$9 | 10.7 bp −$107 | 26.0 bp −$2,600 | 214.9 bp −$107.4K |
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_DOGEUSDshort | −0.0060% | 1h | 0.09905 | −0.338% | $5.6M | $40.8M | 50x | |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09927 | −0.117% | $223K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09921 | −0.175% | $592K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09908 | −0.304% | $35K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0002% | 1h | 0.09913 | −0.255% | $568K | $252K | 25x | as long as short |
| Bitget DOGEUSDT | +0.0020% | 8h | 0.09903 | −0.358% | $140.3M | $347.1M | 75x | as long as short |
| Polymarket Perps DOGE-USD | +0.0026% | 1h | 0.09909 | −0.296% | $258K | $1.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.951% | $6K | $242K | 12x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.09939 | long leg | $834K | $6.8M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09915 | −0.237% | $534K | $1.1M | 10x | as long as short |
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Bitget DOGEUSDT
Polymarket Perps DOGE-USD
Injective DOGE/USDC PERP
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09921 | −0.174% | $123.5M | $117.2M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09913 | −0.258% | $4.5M | $59.0M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09931 | −0.077% | $318K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09912 | −0.271% | $327.2M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09907 | −0.318% | $164.0M | $524.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09913 | −0.258% | $115.4M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09918 | −0.207% | $17K | $308K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09910 | −0.288% | $381K | $15K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09910 | −0.288% | $248.5M | $156.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09912 | −0.268% | $116.1M | $258.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09913 | −0.258% | $66.0M | $49.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09908 | −0.308% | — | $53.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09924 | −0.147% | $301K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09964 | +0.251% | $1.1M | $8.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09969 | +0.309% | $304K | $139.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09971 | +0.326% | $628K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09970 | +0.316% | $143K | $344K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09910 | −0.288% | $71K | $471K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09928 | −0.103% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09916 | −0.225% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09908 | −0.308% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09931 | −0.080% | $5.9M | $68.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09930 | −0.087% | $90.9M | $16.8M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09927 | −0.114% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09900 | −0.385% | $485K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09910 | −0.291% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0107% | 8h | 0.09917 | −0.217% | $1K | $539K | 10x | as long as short |
| Phoenix DOGE | +0.0160% | 1h | 0.09978 | +0.396% | $18K | $382K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0199% | 1h | 0.09911 | −0.275% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09933 | −0.056% | $1.9M | $34.7M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09932 | −0.066% | $15.3M | $26.9M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0297% | 1h | 0.09907 | −0.313% | $312K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.09922 | −0.163% | $441 | $4K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0731% | 1h | 0.09925 | −0.139% | $404K | $462K | 10x | as long as short |
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
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
Katana Perps DOGE-USD
Phoenix DOGE
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
RISEx DOGE/USDC