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: Lighter against Polymarket Perps+0.054%45s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.286% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.054%, 7d avg +0.048%

Together, before fees+0.229%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DOGE-USD	0.1007	0.0100	pay 0.0013% / 1h	36m 35s	$272K	$535K	10x
Short	Lighter DOGE	0.1008	0.0096	get 0.0012% / 1h	36m 35s	$787K	$5.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$0.84
Price spread: +0.054% → +0.048%: $0.56
Slippage, 4 orders: −$20.55
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$28.84
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 46 min ago; Lighter: live order book, 6 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 Polymarket Perps live order book, 46 min ago	2.65 bp	8.0 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.41 bp	9.7 bp −$10	18.4 bp −$184	34.5 bp −$3,446	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	−0.0270%	8h	0.1005	−0.228%	$153.6M	$264.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	+0.039%	$409K	$4.6M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1008	+0.064%	$610K	$105K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1007	+0.016%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.1006	−0.152%	$226K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1017	+0.962%	$16K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0085%	8h	0.1005	−0.179%	$241.6M	$122.7M	75x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.1008	+0.054%	$787K	$5.3M	15x
Katana Perps DOGE-USD	+0.0096%	8h	0.1006	−0.149%	$2K	$362K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1007	+0.035%	$706K	$782K	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	0.1006	−0.103%	$5.2M	$42.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1007	−0.045%	$337K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1005	−0.162%	$323.6M	$1.31B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1006	−0.159%	$162.7M	$412.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1006	−0.119%	$109.5M	$924.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1006	−0.079%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1017	+1.004%	$390K	$17K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1006	−0.119%	$111.3M	$216.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1008	+0.040%	$65.8M	$39.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1006	−0.119%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1017	+0.996%	$954K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1016	+0.840%	$278K	$114.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1014	+0.704%	$645K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	+0.685%	$149K	$241K	25x	as long as short
Polymarket Perps DOGE-USDlong	+0.0100%	1h	0.1007	long leg	$272K	$535K	10x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1008	+0.050%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1008	+0.042%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	+0.123%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	+0.070%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1008	+0.051%	$6.1M	$49.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1008	+0.040%	$93.3M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1006	−0.128%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1006	−0.156%	$557K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	+0.047%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1007	−0.005%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1006	−0.101%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1008	+0.050%	$2.0M	$23.4M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1007	−0.010%	$15.4M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0271%	1h	0.1008	+0.068%	$316K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1007	+0.007%	$6.0M	$32.4M	50x	as long as short
Hyperliquid DOGE	+0.0418%	1h	0.1009	+0.149%	$111.3M	$81.9M	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0420%	1h	0.1008	+0.129%	$540K	$946K	15x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1006	−0.074%	$315K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1018	+1.082%	$5K	$207K	12x	as long as short