Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.019%
Price spread now: Reya against Lighter+0.090%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.090% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter DOGE0.10550.0096pay 0.0012% / 1h51m 58s$755K$6.3M15x
ShortReya DOGERUSDPERP0.10560.0191get 0.0024% / 1h51m 58s$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
$19.91
Price spread: +0.090% → 0.000%
$9
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Reya: 3 bp × 2 orders
−$6
Net
$22.91
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Lighter: live order book, 6 min ago; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 6 min ago2.83 bp7.3 bp −$713.5 bp −$13529.0 bp −$2,896doesn't fit
Sell Reya no order-book sample
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0007%8h0.1055−0.002%$143.2M$306.4M75xas long as short
dYdX DOGE-USD0.0000%1h0.1056+0.080%$237K$59K10xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1055+0.028%$25K150xas long as short
Lighter DOGElong+0.0096%1h0.1055long leg$755K$6.3M15x
Nado DOGE-PERP+0.0100%1h0.1055+0.072%$571K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1055+0.057%$5.0M$52.7M75xas long as short
Pacifica DOGE+0.0100%1h0.1057+0.185%$348K$491K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1054−0.040%$348.2M$1.56B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1054−0.087%$175.0M$482.3M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1053−0.116%$120.0M$1.14B50xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk DOGE-USD+0.0100%1h0.1047−0.766%$402K$11K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1054−0.087%$259.1M$140.5M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1054−0.078%$119.0M$238.9M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1054−0.040%$69.8M$46.8M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1054−0.078%$78.3Mas long as short
Variational Omni DOGE+0.0100%8h0.1049−0.498%$1.1M$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1048−0.615%$318K$133.6M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1028−2.494%$651K$4.5M10xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1055+0.008%$270K$887K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1055−0.011%$74K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1055−0.007%$26K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1054−0.028%$37K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1055−0.002%$2K$4.8M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1054−0.037%$6.2M$62.5M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1055+0.064%$97.1M$17.1M50xas long as short
Extended DOGE-USD+0.0104%1h0.1055−0.006%$511K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1054−0.042%$20K3xas long as short
Paradex DOGE-USD-PERP+0.0104%8h0.1056+0.115%$19K$7K30xas long as short
Katana Perps DOGE-USD+0.0126%8h0.1057+0.188%$1K$480K10xas long as short
Reya DOGERUSDPERPshort+0.0191%1h0.1056+0.090%$2K20x
Deribit DOGE_USDC-PERPETUAL+0.0215%1h0.1055+0.039%$595K$241K25xas long as short
BloFin DOGE-USDT+0.0220%8h0.1055+0.036%$16.5M$27.6M75xas long as short
Phoenix DOGE+0.0235%1h0.1050−0.425%$68K$292K10xas long as short
Kraken Futures PF_DOGEUSD+0.0239%1h0.1054−0.065%$5.8M$37.4M50xas long as short
01 Exchange DOGEUSD+0.0256%1h0.1057+0.192%$470$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0261% / S −0.0320%1h0.1055−0.019%$348K200xas long as short
Backpack DOGE_USDC_PERP+0.0262%1h0.1055+0.055%$354K$1.2M15xas long as short
Kalshi KXDOGEPERP+0.0292%8h0.1058+0.281%$763K$6.1M2.8xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.1055−0.002%$2.2M$31.8M50xas long as short
Arcus DOGE-USD+0.0634%1h0.1056+0.102%$115K$200K10xas long as short
Hyperliquid DOGE+0.0697%1h0.1056+0.150%$130.5M$106.7M10xas long as short
RISEx DOGE/USDC+0.0728%1h0.1057+0.176%$426K$426K10xas long as short
Injective DOGE/USDC PERP+0.1062%1h0.1053−0.163%$6K$242K12xas long as short
ApeX Omni DOGEUSDT+0.1281%1h0.1047−0.732%$164K$302K25xas long as short