Funding you earn now, next payment 01:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.039%
Price spread now: Lighter against GMX+0.160%7-day average +0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.128%−$13 on $10k
+Price spread, last 3 days (all we have)−0.155%−$16 · spread now +0.160%, 7d avg +0.008%
=Together, before fees−0.283%+ Points / potential airdropLighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.152% dearer against GMX than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of +0.008%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX DOGE/USD [ETH-USDC] | 0.09928 | L +0.0246% / S −0.0270% | pay 0.0031% / 1h | 0m 55s | $312K | — | 200x |
| Short | Lighter DOGE | 0.09944 | 0.0096 | get 0.0012% / 1h | 0m 55s | $772K | $5.9M | 15x |
GMX DOGE/USD [ETH-USDC]
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$31.49
- Price spread: +0.160% → +0.008%
- $15.25
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$28.24
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 7 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 7 min ago | 4.06 bp | 9.4 bp −$9 | 19.1 bp −$191 | 35.0 bp −$3,502 | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0159% | 8h | 0.09933 | +0.047% | $150.7M | $272.0M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0078% | 1h | 0.09926 | −0.021% | $5.8M | $34.1M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09933 | +0.050% | $409K | $4.9M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09920 | −0.081% | $597K | $119K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09923 | −0.055% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0010% | 1h | 0.09952 | +0.239% | $223K | $44K | 10x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.09944 | +0.160% | $772K | $5.9M | 15x | |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09945 | +0.168% | $1K | $426K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09941 | +0.126% | $5.2M | $47.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09956 | +0.283% | $332K | $512K | 20x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Katana Perps DOGE-USD
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09954 | +0.262% | $317.0M | $1.41B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09948 | +0.198% | $158.8M | $440.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09949 | +0.208% | $109.1M | $964.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09952 | +0.239% | $76K | $124K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1009 | +1.662% | $387K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09944 | +0.158% | $241.4M | $132.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09949 | +0.208% | $110.4M | $227.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09944 | +0.158% | $65.3M | $42.6M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09950 | +0.219% | — | $76.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09938 | +0.098% | $355K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09930 | +0.015% | $981K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | +0.899% | $271K | $125.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | +1.377% | $639K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | +0.722% | $146K | $269K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09940 | +0.123% | $510K | $971K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09934 | +0.061% | $259K | $633K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09925 | −0.033% | $74K | $429K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09920 | −0.079% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09923 | −0.049% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09928 | −0.003% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09921 | −0.068% | $5.9M | $53.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09934 | +0.057% | $91.7M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09939 | +0.106% | $526K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09919 | −0.093% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0105% | 8h | 0.09944 | +0.158% | $18K | $6K | 30x | as long as short |
| 01 Exchange DOGEUSD | +0.0168% | 1h | 0.09944 | +0.159% | $525 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0183% | 1h | 0.09937 | +0.090% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09919 | −0.094% | $15.4M | $25.4M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09937 | +0.088% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1001 | +0.824% | $65K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC]long | L +0.0246% / S −0.0270% | 1h | 0.09928 | long leg | $312K | — | 200x | |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.09950 | +0.219% | $321K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0737% | 1h | 0.09950 | +0.224% | $120.3M | $96.8M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1004 | +1.125% | $5K | $239K | 12x | as long as short |
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
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Nado DOGE-PERP
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
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP