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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0606%/8h= −66.4% APRnext payment $0.76 per $10,000 · paid last 24h −0.146%
Price spread now: Lighter against RISEx−0.219%54s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$160.157% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.314%−$31 on $10k
Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.219%, 7d avg −0.001%
Together, before fees−0.068%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Lighter is 0.218% cheaper against RISEx than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx DOGE/USDC0.10090.0702pay 0.0088% / 1h20m 46s$316K$476K10x
ShortLighter DOGE0.10070.0096get 0.0012% / 1h20m 46s$793K$5.4M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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
−$127.31
Price spread: −0.219% → −0.001%
−$21.84
Slippage, 4 orders
−$9.66
Fee RISEx: 3 bp × 2 orders
−$6
Fee Lighter: 0 bp × 2 orders
$0
Net
−$164.81
Costs to cover
0.157%
Break-even
never at this rate
Slippage from RISEx: live order book, 63 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 63 min ago2.01 bp5.0 bp −$59.1 bp −$91doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago1.00 bp3.9 bp −$413.0 bp −$13036.7 bp −$3,673doesn't fit

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−0.0263%8h0.1005−0.367%$153.5M$266.3M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1008−0.055%$420K$4.7M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S −0.0001%1h0.1007−0.164%$32K150xas long as short
dYdX DOGE-USD+0.0010%1h0.1006−0.294%$226K$44K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0028%1h0.1008−0.146%$610K$109K25xas long as short
Phoenix DOGE+0.0081%1h0.1009−0.037%$67K$222K10xas long as short
Gate DOGE_USDT+0.0092%8h0.1006−0.317%$242.3M$124.3M75xas long as short
Lighter DOGEshort+0.0096%1h0.1007−0.219%$793K$5.4M15x
Katana Perps DOGE-USD+0.0097%8h0.1008−0.109%$842$371K10xas long as short
Nado DOGE-PERP+0.0100%1h0.1008−0.134%$581K$856K10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.1007−0.244%$5.0M$43.7M75xas long as short
Pacifica DOGE+0.0100%1h0.1009−0.024%$337K$508K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1006−0.287%$320.5M$1.32B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1006−0.317%$159.5M$421.1M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1006−0.278%$109.7M$933.2M50xas long as short
Arcus DOGE-USD+0.0100%1h0.1009−0.040%$28K$76K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09966−1.232%$382K$14K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.1006−0.268%$111.2M$217.4M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1006−0.278%$66.2M$41.0M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1007−0.198%$3.4Mas long as short
Variational Omni DOGE+0.0100%8h0.1001−0.790%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1002−0.681%$275K$116.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1003−0.557%$634K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1002−0.694%$146K$244K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1007−0.178%$269K$541K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1007−0.168%$73K$432K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1007−0.168%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1008−0.121%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1008−0.149%$2K$3.6M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1008−0.099%$6.0M$50.3M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1007−0.178%$93.3M$19.2M50xas long as short
Paradex DOGE-USD-PERP+0.0101%8h0.1008−0.098%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1006−0.302%$559K$3.6M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1008−0.144%$19K3xas long as short
Reya DOGERUSDPERP+0.0177%1h0.1007−0.162%$2K20xas long as short
01 Exchange DOGEUSD+0.0184%1h0.1009−0.035%$533$4K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0216%1h0.1008−0.079%$2.0M$23.7M50xas long as short
BloFin DOGE-USDT+0.0220%8h0.1007−0.178%$15.4M$25.1M75xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0246% / S −0.0270%1h0.1007−0.166%$315K200xas long as short
Kraken Futures PF_DOGEUSD+0.0362%1h0.1007−0.157%$6.0M$32.8M50xas long as short
Backpack DOGE_USDC_PERP+0.0418%1h0.1007−0.208%$538K$956K15xas long as short
Hyperliquid DOGE+0.0448%1h0.1008−0.149%$111.7M$82.9M10xas long as short
RISEx DOGE/USDClong+0.0702%1h0.1009long leg$316K$476K10x
Injective DOGE/USDC PERP+0.0966%1h0.1010+0.099%$5K$207K12xas long as short