Funding you earn now, next payment 09:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.012%
Price spread now: Lighter against Deribit+0.087%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 4 days (all we have)+0.085%+$8 · spread now +0.087%, 7d avg +0.041%
=Together, before fees+0.261%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.046% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOGE_USDC-PERPETUAL | 0.09883 | 0.0013 | pay 0.0002% / 1h | 40m 45s | $560K | $293K | 25x |
| Short | Lighter DOGE | 0.09891 | 0.0096 | get 0.0012% / 1h | 40m 45s | $825K | $6.8M | 15x |
Deribit DOGE_USDC-PERPETUAL
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $17.43
- Price spread: +0.087% → +0.041%
- $4.59
- Slippage, 4 orders
- −$24.66
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.64
- Costs to cover
- 0.317%
- Break-even
- 10.9 days
Slippage from Deribit: live order book, 58 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 Deribit live order book, 58 min ago | 4.54 bp | 10.0 bp −$10 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 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 | 0.09879 | −0.034% | $5.5M | $40.7M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0012% | 8h | 0.09878 | −0.048% | $140.4M | $346.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09886 | +0.034% | $553K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09875 | −0.082% | $35K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0013% | 1h | 0.09883 | long leg | $560K | $293K | 25x | |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.550% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09902 | +0.199% | $18K | $386K | 10x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.09891 | +0.087% | $825K | $6.8M | 15x | |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09884 | +0.013% | $1K | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09885 | +0.028% | $535K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Phoenix DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09888 | +0.053% | $123.4M | $117.2M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09882 | −0.011% | $4.9M | $58.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09882 | −0.011% | $321K | $490K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09881 | −0.022% | $327.2M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09877 | −0.058% | $163.7M | $521.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09880 | −0.027% | $115.1M | $1.19B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09887 | +0.044% | $16K | $306K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09882 | −0.007% | $249.9M | $153.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09883 | +0.003% | $117.5M | $258.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09883 | +0.003% | $66.3M | $49.6M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09884 | +0.013% | — | $53.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09878 | −0.048% | $301K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09878 | −0.049% | $1.1M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09904 | +0.217% | $300K | $139.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09890 | +0.074% | $621K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | +0.276% | $142K | $347K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09885 | +0.028% | $257K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09879 | −0.037% | $70K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09881 | −0.012% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09893 | +0.103% | $34K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09879 | −0.037% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09882 | −0.012% | $5.8M | $69.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09877 | −0.058% | $90.3M | $16.6M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09910 | +0.276% | $378K | $2K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09887 | +0.048% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09878 | −0.048% | $481K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09879 | −0.033% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09881 | −0.019% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09893 | +0.104% | $1.9M | $34.8M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09876 | −0.068% | $15.4M | $26.7M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.09888 | +0.052% | $455 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0216% | 1h | 0.09891 | +0.087% | $291K | — | 200x | as long as short |
| dYdX DOGE-USD | +0.0586% | 1h | 0.09879 | −0.034% | $231K | $72K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09892 | +0.089% | $398K | $457K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
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
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC