DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.029%

Price spread now: Lighter against Arcus+0.032%7-day average +0.035% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

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

Long on Arcus Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now +0.032%, 7d avg +0.035%

Together, before fees+0.072%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DOGE-USD	0.09895	0.0100	pay 0.0013% / 1h	42m 08s	$16K	$306K	10x
Short	Lighter DOGE	0.09898	0.0096	get 0.0012% / 1h	42m 08s	$826K	$6.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Arcus. 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 ArcusbpFee LighterbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$0.84
Price spread: +0.032% → +0.035%: −$0.23
Slippage, 4 orders: −$24.14
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$29.71
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Arcus: live order book, 52 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 Arcus live order book, 52 min ago	2.52 bp	7.6 bp −$8	24.2 bp −$242	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	3.22 bp	5.4 bp −$5	12.3 bp −$123	34.8 bp −$3,476	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
Kraken Futures PF_DOGEUSD	−0.0096%	1h	0.09891	−0.037%	$5.5M	$40.7M	50x	as long as short
Bitget DOGEUSDT	−0.0012%	8h	0.09879	−0.162%	$140.3M	$346.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09887	−0.080%	$553K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09890	−0.053%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.417%	$6K	$242K	12x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0074%	1h	0.09895	−0.002%	$561K	$293K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09916	+0.208%	$18K	$386K	10x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.09898	+0.032%	$826K	$6.8M	15x
Katana Perps DOGE-USD	+0.0100%	8h	0.09894	−0.010%	$1K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09892	−0.030%	$536K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09903	+0.081%	$123.6M	$117.2M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09892	−0.027%	$4.9M	$58.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09887	−0.079%	$321K	$490K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09892	−0.034%	$327.5M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09886	−0.091%	$163.8M	$521.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09886	−0.091%	$115.2M	$1.19B	50x	as long as short
Arcus DOGE-USDlong	+0.0100%	1h	0.09895	long leg	$16K	$306K	10x
Gate DOGE_USDT	+0.0100%	8h	0.09892	−0.030%	$250.5M	$153.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09889	−0.061%	$118.0M	$258.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09892	−0.030%	$66.2M	$49.7M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09889	−0.061%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09887	−0.081%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09893	−0.022%	$1.1M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09904	+0.092%	$300K	$139.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09904	+0.091%	$622K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	+0.152%	$142K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09896	+0.010%	$257K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09889	−0.061%	$71K	$465K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09896	+0.013%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09896	+0.010%	$34K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09891	−0.040%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09894	−0.014%	$5.8M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09891	−0.040%	$90.4M	$16.6M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09910	+0.152%	$378K	$2K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09886	−0.088%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09886	−0.086%	$481K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09891	−0.045%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0202%	1h	0.09894	−0.007%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09897	+0.020%	$1.9M	$34.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09890	−0.051%	$15.4M	$26.7M	75x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.09900	+0.049%	$440	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0216%	1h	0.09891	−0.037%	$291K	—	200x	as long as short
dYdX DOGE-USD	+0.0541%	1h	0.09894	−0.012%	$229K	$71K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09900	+0.054%	$398K	$457K	10x	as long as short