Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: MEXC against Lighter−0.033%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.033%, 7d avg −0.009%

Together, before fees+0.067%+ Points / potential airdropLighter: Season 3 · farm board+$7 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: MEXC is 0.024% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DOGE	0.09998	0.0096	pay 0.0012% / 1h	1m 45s	$737K	$6.5M	15x
Short	MEXC DOGE_USDT	0.09995	0.0100	get 0.0100% / 8h	3h 01m	$111.4M	$249.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0.84
Price spread: −0.033% → −0.009%: −$2.38
Slippage, 4 orders: −$17.12
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.66
Costs to cover: 0.171%
Break-even: 162.5 days

Slippage from Lighter: live order book, 6 min ago; MEXC: 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	2.03 bp	7.7 bp −$8	9.9 bp −$99	25.7 bp −$2,571	doesn't fit
Sell MEXC live order book, 2 min ago	0.50 bp	0.5 bp $0	2.6 bp −$26	10.5 bp −$1,054	31.3 bp −$15.7K

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
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	+0.248%	$660K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	+0.254%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.09988	−0.106%	$224K	$70K	10x	as long as short
Lighter DOGElong	+0.0096%	1h	0.09998	long leg	$737K	$6.5M	15x
Nado DOGE-PERP	+0.0100%	1h	0.1003	+0.307%	$549K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09992	−0.059%	$4.5M	$55.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09990	−0.083%	$319K	$520K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09991	−0.068%	$326.2M	$1.64B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09995	−0.033%	$162.7M	$508.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09996	−0.023%	$113.5M	$1.15B	50x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.206%	$385K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09986	−0.123%	$244.6M	$148.9M	75x	as long as short
MEXC DOGE_USDTshort	+0.0100%	8h	0.09995	−0.033%	$111.4M	$249.3M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.09984	−0.143%	$65.7M	$48.6M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09979	−0.193%	$129.6M	$320.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09984	−0.143%	—	$79.7M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	+0.187%	$319K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.994%	$1.1M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	+0.827%	$322K	$137.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1008	+0.800%	$638K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1008	+0.817%	$151K	$332K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	+0.387%	$261K	$1.1M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	+0.267%	$66K	$463K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	+0.230%	$19K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1003	+0.305%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1003	+0.297%	$2K	$5.1M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1002	+0.243%	$5.9M	$66.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	+0.257%	$92.2M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09989	−0.096%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09986	−0.119%	$478K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1003	+0.280%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0118%	8h	0.1004	+0.467%	$1K	$512K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0159%	1h	0.1003	+0.323%	$569K	$247K	25x	as long as short
Reya DOGERUSDPERP	+0.0193%	1h	0.1003	+0.315%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	+0.237%	$16.1M	$26.7M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.1005	+0.511%	$447	$4K	10x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1008	+0.786%	$18K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0251%	1h	0.1003	+0.271%	$5.5M	$40.0M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0253% / S −0.0286%	1h	0.1002	+0.256%	$330K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1003	+0.347%	$2.1M	$33.5M	50x	as long as short
Hyperliquid DOGE	+0.0369%	1h	0.09990	−0.086%	$124.8M	$113.2M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1005	+0.557%	$109K	$207K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1005	+0.517%	$405K	$434K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+5.318%	$6K	$242K	12x	as long as short