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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against SoDEX+0.243%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$190.194% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.205%−$20 · spread now +0.243%, 7d avg +0.051%
Together, before fees−0.203%+ Points / potential airdropLighter: Season 3 · farm board−$20 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 0.192% dearer against SoDEX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX DOGE-USD0.098010.0100pay 0.0013% / 1h9m 22s$2K$5.2M10x
ShortLighter DOGE0.098250.0096get 0.0012% / 1h9m 22s$798K$6.3M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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
−$0.84
Price spread: +0.243% → +0.051%
$19.22
Slippage, 4 orders
−$11.44
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$1.06
Costs to cover
0.194%
Break-even
never at this rate
Slippage from SoDEX: live order book, 3 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 SoDEX live order book, 3 min ago1.02 bp5.2 bp −$58.7 bp −$87150.2 bp −$15.0Kdoesn't fit
Sell Lighter live order book, 7 min ago2.13 bp4.4 bp −$411.3 bp −$11333.0 bp −$3,299doesn't fit

DOGE on 44 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_DOGEUSD−0.0080%1h0.09808+0.075%$5.3M$38.5M50xas long as short
Bitget DOGEUSDT−0.0056%8h0.09800−0.010%$138.4M$288.4M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09802+0.009%$500K$6.1M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09808+0.075%$35K150xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0005%1h0.09809+0.084%$546K$292K25xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+7.438%$6K$240K12xas long as short
Bybit DOGEUSDT+0.0035%8h0.09804+0.031%$164.9M$490.7M75xas long as short
dYdX DOGE-USD+0.0049%1h0.09815+0.144%$230K$75K10xas long as short
Lighter DOGEshort+0.0096%1h0.09825+0.243%$798K$6.3M15x
Gate DOGE_USDT+0.0097%8h0.09807+0.061%$252.5M$145.4M75xas long as short
Show all 44 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps DOGE-USD+0.0100%8h0.09815+0.143%$1K$528K10xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09815+0.143%$18K$5K30xas long as short
Nado DOGE-PERP+0.0100%1h0.09814+0.133%$511K$1.0M10xas long as short
Hyperliquid DOGE+0.0100%1h0.09818+0.173%$121.6M$105.2M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09810+0.096%$5.0M$57.3M75xas long as short
Pacifica DOGE+0.0100%1h0.09820+0.194%$314K$459K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09810+0.097%$323.7M$1.60B75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09807+0.061%$116.2M$1.09B50xas long as short
Arcus DOGE-USD+0.0100%1h0.09817+0.163%$16K$308K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.09810+0.092%$122.1M$255.6M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09814+0.133%$64.4M$44.4M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09809+0.082%$45.9Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09803+0.020%$308K$1.0M15xas long as short
Variational Omni DOGE+0.0100%8h0.09797−0.043%$1.2M$7.7Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09815+0.143%$256K$123.7M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09806+0.048%$627K$3.9M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09810+0.092%$138K$346K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09809+0.081%$195K$1.2M10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09805+0.041%$67K$403K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09804+0.030%$18K$6K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09816+0.154%$34K$1.9M30xas long as short
SoDEX DOGE-USDlong+0.0100%1h0.09801long leg$2K$5.2M10x
HTX DOGE-USDT+0.0100%8h0.09805+0.039%$6.0M$64.6M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09803+0.020%$89.0M$15.7M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09815+0.143%$375K$3K10xas long as short
Extended DOGE-USD+0.0104%1h0.09802+0.006%$499K$3.2M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09806+0.050%$19K3xas long as short
Phoenix DOGE+0.0163%1h0.09818+0.177%$18K$306K10xas long as short
01 Exchange DOGEUSD+0.0168%1h0.09816+0.156%$452$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0206% / S −0.0201%1h0.09808+0.067%$277K200xas long as short
Reya DOGERUSDPERP+0.0211%1h0.09805+0.043%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09808+0.071%$15.3M$25.8M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0248%1h0.09811+0.102%$2.3M$32.7M50xas long as short
RISEx DOGE/USDC+0.0631%1h0.09819+0.181%$406K$382K10xas long as short