DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Nado−0.068%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.068%, 7d avg +0.048%

Together, before fees−0.028%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$3 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: Lighter is 0.117% cheaper against Nado than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DOGE-PERP	0.09979	0.0100	pay 0.0012% / 1h	31m 20s	$568K	$851K	10x
Short	Lighter DOGE	0.09972	0.0096	get 0.0012% / 1h	31m 20s	$780K	$5.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$0.84
Price spread: −0.068% → +0.048%: −$11.65
Slippage, 4 orders: −$17.07
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$36.57
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Nado: live order book, 52 min ago; Lighter: 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 Nado live order book, 52 min ago	0.50 bp	6.9 bp −$7	14.9 bp −$149	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.18 bp	8.4 bp −$8	15.3 bp −$153	33.8 bp −$3,383	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	−0.0268%	8h	0.09960	−0.190%	$152.1M	$265.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09982	+0.029%	$415K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09978	−0.013%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0008%	1h	0.09986	+0.068%	$224K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0071%	1h	0.09973	−0.061%	$604K	$109K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1003	+0.557%	$19K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0089%	8h	0.09975	−0.040%	$239.8M	$123.4M	75x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.09972	−0.068%	$780K	$5.4M	15x
Katana Perps DOGE-USD	+0.0096%	8h	0.09977	−0.020%	$2K	$366K	10x	as long as short
Nado DOGE-PERPlong	+0.0100%	1h	0.09979	long leg	$568K	$851K	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09974	−0.046%	$5.1M	$43.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09989	+0.096%	$334K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09968	−0.105%	$318.0M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09962	−0.170%	$159.4M	$417.0M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09972	−0.070%	$108.8M	$921.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09990	+0.110%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1017	+1.935%	$390K	$17K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09979	0.000%	$109.0M	$216.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09979	0.000%	$65.0M	$40.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09979	0.000%	—	$74.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.945%	$994K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.460%	$279K	$115.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+0.862%	$634K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	+0.411%	$147K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09975	−0.039%	$268K	$539K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09969	−0.100%	$72K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09969	−0.102%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09984	+0.049%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09972	−0.070%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09971	−0.083%	$6.0M	$50.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09966	−0.130%	$92.3M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09986	+0.072%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09969	−0.102%	$552K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09973	−0.060%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.09979	+0.001%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09987	+0.081%	$527	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09973	−0.060%	$2.0M	$23.3M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09973	−0.060%	$15.4M	$24.8M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.09975	−0.036%	$312K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0365%	1h	0.09974	−0.049%	$5.9M	$32.7M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0387%	1h	0.09981	+0.020%	$533K	$952K	15x	as long as short
Hyperliquid DOGE	+0.0409%	1h	0.09991	+0.120%	$110.2M	$82.4M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.09990	+0.115%	$313K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1002	+0.411%	$5K	$207K	12x	as long as short