Funding you earn now, next payment 00:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.016%
Price spread now: Lighter against Reya+0.223%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.223% dearer against Reya than usual: you sell high and buy low (spread +0.223% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya DOGERUSDPERP | 0.1012 | 0.0178 | pay 0.0022% / 1h | 47m 19s | $2K | — | 20x |
| Short | Lighter DOGE | 0.1014 | 0.0096 | get 0.0012% / 1h | 47m 19s | $805K | $5.4M | 15x |
Reya DOGERUSDPERP
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Reya. 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
- −$17.25
- Price spread: +0.223% → 0.000%
- $22.26
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$0.99
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 2.72 bp | 5.2 bp −$5 | 13.7 bp −$137 | 34.0 bp −$3,399 | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0245% | 8h | 0.1012 | −0.016% | $154.4M | $267.9M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1012 | +0.027% | $421K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1012 | −0.010% | $33K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0056% | 1h | 0.1013 | +0.078% | $609K | $109K | 25x | as long as short |
| Gate DOGE_USDT | +0.0083% | 8h | 0.1012 | −0.035% | $244.4M | $125.6M | 75x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.1014 | +0.223% | $805K | $5.4M | 15x | |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1012 | −0.006% | $845 | $382K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1012 | +0.014% | $604K | $894K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1012 | +0.036% | $5.1M | $44.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1012 | +0.046% | $338K | $506K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Gate DOGE_USDT
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.1012 | +0.013% | $323.1M | $1.34B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1012 | +0.014% | $159.9M | $427.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1013 | +0.054% | $110.7M | $948.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1013 | +0.063% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | +0.251% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1012 | +0.004% | $114.7M | $218.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1012 | +0.014% | $66.6M | $41.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1012 | +0.004% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1014 | +0.165% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1013 | +0.074% | $278K | $117.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1012 | +0.052% | $641K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | +0.202% | $149K | $248K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1012 | −0.016% | $262K | $554K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1013 | +0.054% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1012 | +0.043% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1013 | +0.115% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1013 | +0.152% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1014 | +0.160% | $6.1M | $51.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1014 | +0.182% | $93.8M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1012 | +0.005% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0103% | 1h | 0.1014 | +0.165% | $6.0M | $33.1M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1012 | +0.030% | $558K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1012 | +0.019% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0117% | 1h | 0.1012 | −0.007% | $227K | $44K | 10x | as long as short |
| Reya DOGERUSDPERPlong | +0.0178% | 1h | 0.1012 | long leg | $2K | — | 20x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1014 | +0.202% | $15.4M | $25.5M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1012 | +0.009% | $67K | $281K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1013 | +0.116% | $535 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1014 | +0.212% | $2.0M | $24.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0252% / S −0.0287% | 1h | 0.1012 | −0.015% | $329K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0432% | 1h | 0.1012 | −0.025% | $541K | $961K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1013 | +0.083% | $317K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0907% | 1h | 0.1014 | +0.182% | $117.5M | $87.1M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1014 | +0.202% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
dYdX DOGE-USD
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP