Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.029%
Price spread now: Lighter against Backpack+0.118%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.118%, 7d avg +0.053%
=Together, before fees+0.007%+ Points / potential airdropLighter: Season 3 · farm board+$1 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 0.064% dearer against Backpack than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.09949 | 0.0100 | pay 0.0013% / 1h | 59m 56s | $334K | $1.1M | 15x |
| Short | Lighter DOGE | 0.09961 | 0.0096 | get 0.0012% / 1h | 59m 56s | $819K | $6.1M | 15x |
Backpack DOGE_USDC_PERP
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Backpack. 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
- −$0.84
- Price spread: +0.118% → +0.053%
- $6.45
- Slippage, 4 orders
- −$16.72
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.12
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; Lighter: live order book, 8 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 Backpack live order book, 4 min ago | 0.50 bp | 6.8 bp −$7 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 1.35 bp | 10.4 bp −$10 | 20.4 bp −$204 | 38.5 bp −$3,851 | doesn't fit |
DOGE on 43 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 | −0.0094% | 8h | 0.09962 | +0.131% | $150.9M | $273.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09959 | +0.101% | $393K | $5.0M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09959 | +0.103% | $595K | $118K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09961 | +0.119% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0010% | 1h | 0.09978 | +0.292% | $224K | $49K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09955 | +0.058% | $5.8M | $34.7M | 50x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.09961 | +0.118% | $819K | $6.1M | 15x | |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09973 | +0.241% | $833 | $429K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09967 | +0.186% | $531K | $988K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09962 | +0.130% | $4.6M | $48.1M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09984 | +0.352% | $328K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09961 | +0.125% | $317.2M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09968 | +0.191% | $159.1M | $436.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09970 | +0.211% | $110.7M | $980.5M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09986 | +0.372% | $128K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.671% | $384K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09950 | +0.010% | $241.6M | $133.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09952 | +0.030% | $113.4M | $232.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09951 | +0.020% | $65.8M | $43.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09952 | +0.030% | — | $76.4M | — | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0100% | 1h | 0.09949 | long leg | $334K | $1.1M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09973 | +0.239% | $995K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.10000 | +0.512% | $294K | $129.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09982 | +0.327% | $627K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | +0.513% | $146K | $272K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09965 | +0.157% | $256K | $684K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09962 | +0.131% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09959 | +0.101% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09987 | +0.386% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09960 | +0.111% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09955 | +0.056% | $5.9M | $55.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09952 | +0.030% | $91.7M | $16.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09969 | +0.202% | $560K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09958 | +0.087% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0106% | 8h | 0.09975 | +0.263% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0185% | 1h | 0.09962 | +0.128% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09977 | +0.282% | $532 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09963 | +0.141% | $2.3M | $25.7M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.1000 | +0.516% | $65K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09961 | +0.117% | $310K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09979 | +0.307% | $402K | $367K | 10x | as long as short |
| Hyperliquid DOGE | +0.0666% | 1h | 0.09964 | +0.153% | $121.1M | $99.4M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1006 | +1.116% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP