Funding you earn now, next payment 06:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h +0.001%
Price spread now: Polymarket Perps against Lighter−0.211%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days−0.355%−$36 on $10k
+Price spread, last 4 days (all we have)+0.271%+$27 · spread now −0.211%, 7d avg −0.058%
=Together, before fees−0.084%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.153% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.09931 | 0.0096 | pay 0.0012% / 1h | 19m 52s | $847K | $6.8M | 15x |
| Short | Polymarket Perps DOGE-USD | 0.09910 | 0.0036 | get 0.0004% / 1h | 19m 52s | $267K | $1.2M | 10x |
Lighter DOGE
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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
- −$12.68
- Price spread: −0.211% → −0.058%
- −$15.34
- Slippage, 4 orders
- −$20.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$56.04
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago | 1.37 bp | 7.5 bp −$7 | 11.1 bp −$111 | 26.4 bp −$2,640 | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 2.94 bp | 6.9 bp −$7 | 7.3 bp −$73 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09921 | −0.103% | $606K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09918 | −0.138% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.09922 | −0.092% | $5.6M | $39.9M | 50x | as long as short |
| dYdX DOGE-USD | +0.0035% | 1h | 0.09917 | −0.143% | $223K | $70K | 10x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0036% | 1h | 0.09910 | −0.211% | $267K | $1.2M | 10x | |
| Lighter DOGElong | +0.0096% | 1h | 0.09931 | long leg | $847K | $6.8M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09921 | −0.100% | $538K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09922 | −0.093% | $4.4M | $57.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09924 | −0.069% | $318K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09923 | −0.085% | $323.8M | $1.68B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09920 | −0.115% | $163.1M | $516.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09924 | −0.075% | $115.6M | $1.17B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09881 | −0.511% | $379K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09918 | −0.135% | $247.0M | $153.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09921 | −0.105% | $110.0M | $255.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09920 | −0.115% | $65.8M | $49.6M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.09908 | −0.236% | $135.9M | $336.5M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09921 | −0.105% | — | $80.6M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09926 | −0.054% | $298K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09900 | −0.319% | $1.0M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09876 | −0.554% | $310K | $139.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09872 | −0.594% | $627K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.518% | $146K | $341K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09923 | −0.085% | $63K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09922 | −0.090% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09928 | −0.035% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09924 | −0.075% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09923 | −0.085% | $5.9M | $68.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09925 | −0.064% | $91.2M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09924 | −0.079% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09915 | −0.164% | $482K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09927 | −0.047% | $19K | — | 3x | as long as short |
| Hyperliquid DOGE | +0.0105% | 1h | 0.09931 | −0.003% | $123.1M | $115.7M | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0111% | 8h | 0.09913 | −0.185% | $828 | $526K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0195% | 1h | 0.09916 | −0.152% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09924 | −0.072% | $441 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09904 | −0.276% | $16.0M | $26.7M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.09925 | −0.064% | $27K | $299K | 10x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09861 | −0.708% | $18K | $382K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0285% | 1h | 0.09918 | −0.131% | $317K | — | 200x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0284% | 1h | 0.09928 | −0.039% | $564K | $247K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.09926 | −0.054% | $1.9M | $34.1M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.09926 | −0.053% | $400K | $444K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +6.027% | $6K | $242K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
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
Hyperliquid DOGE
Katana Perps DOGE-USD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Arcus DOGE-USD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP