DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Pacifica against Lighter+0.013%7-day average −0.029% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.013%, 7d avg −0.029%

Together, before fees+0.006%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$1 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: Pacifica is 0.042% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DOGE	0.1004	0.0096	pay 0.0012% / 1h	11m 51s	$791K	$5.4M	15x
Short	Pacifica DOGE	0.1004	0.0100	get 0.0013% / 1h	11m 51s	$335K	$509K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.013%Rate

Funding earned: $0.84
Price spread: +0.013% → −0.029%: $4.16
Slippage, 4 orders: −$15.04
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$18.04
Costs to cover: 0.230%
Break-even: 157.3 days

Slippage from Lighter: live order book, 6 min ago; Pacifica: live order book, 7 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	2.04 bp	3.8 bp −$4	9.6 bp −$96	27.8 bp −$2,782	doesn't fit
Sell Pacifica live order book, 7 min ago	1.49 bp	7.5 bp −$7	15.0 bp −$150	doesn't fit	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	−0.0260%	8h	0.1003	−0.126%	$153.3M	$266.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	−0.055%	$415K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1004	−0.014%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1004	−0.017%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0035%	1h	0.1004	−0.050%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1005	+0.072%	$66K	$222K	10x	as long as short
Lighter DOGElong	+0.0096%	1h	0.1004	long leg	$791K	$5.4M	15x
Katana Perps DOGE-USD	+0.0097%	8h	0.1004	−0.037%	$1K	$371K	10x	as long as short
Gate DOGE_USDT	+0.0097%	8h	0.1004	−0.077%	$241.8M	$124.9M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1005	+0.018%	$572K	$863K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1003	−0.102%	$4.9M	$44.0M	75x	as long as short
Pacifica DOGEshort	+0.0100%	1h	0.1004	+0.013%	$335K	$509K	20x
Binance DOGEUSDT	+0.0100%	8h	0.1004	−0.026%	$319.2M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1004	−0.067%	$159.1M	$421.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1004	−0.047%	$109.3M	$933.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	+0.043%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.185%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1004	−0.007%	$111.7M	$217.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	−0.126%	$66.0M	$41.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1004	−0.027%	—	$74.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1004	−0.014%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1004	−0.017%	$275K	$116.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1004	−0.007%	$632K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1005	+0.063%	$147K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	−0.047%	$268K	$542K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1004	−0.017%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1004	−0.038%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	−0.029%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1004	−0.067%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1005	+0.022%	$6.0M	$50.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1004	−0.057%	$93.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	−0.038%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1004	−0.067%	$554K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	−0.017%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1004	−0.017%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1005	+0.028%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1004	−0.007%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1004	−0.077%	$15.3M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0248% / S −0.0216%	1h	0.1004	−0.020%	$351K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1004	−0.059%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0411%	1h	0.1004	−0.077%	$536K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0487%	1h	0.1004	−0.007%	$114.5M	$84.9M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1005	+0.048%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1011	+0.660%	$5K	$239K	12x	as long as short