Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Lighter+0.084%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.084%, 7d avg −0.009%

Together, before fees−0.056%+ Points / potential airdropLighter: Season 3 · farm board−$6 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: Binance is 0.093% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DOGE	0.1022	0.0096	pay 0.0012% / 1h	21m 51s	$755K	$6.5M	15x
Short	Binance DOGEUSDT	0.1023	0.0100	get 0.0100% / 8h	3h 21m	$339.0M	$1.61B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.084%Rate

Funding earned: $0.84
Price spread: +0.084% → −0.009%: $9.26
Slippage, 4 orders: −$16.55
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.45
Costs to cover: 0.265%
Break-even: 144.1 days

Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 7 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 Lighter live order book, 6 min ago	1.55 bp	1.8 bp −$2	7.5 bp −$75	24.1 bp −$2,405	doesn't fit
Sell Binance live order book, 7 min ago	0.48 bp	6.8 bp −$7	9.3 bp −$93	21.8 bp −$2,177	46.5 bp −$23.3K

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
Kalshi KXDOGEPERP	0.0000%	8h	0.1023	+0.081%	$698K	$6.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1022	−0.061%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1023	+0.085%	$230K	$70K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0054%	1h	0.1021	−0.094%	$580K	$247K	25x	as long as short
Bitget DOGEUSDT	+0.0061%	8h	0.1024	+0.161%	$133.4M	$316.3M	75x	as long as short
Lighter DOGElong	+0.0096%	1h	0.1022	long leg	$755K	$6.5M	15x
Nado DOGE-PERP	+0.0100%	1h	0.1022	−0.078%	$554K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1023	+0.090%	$4.9M	$54.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1024	+0.122%	$328K	$518K	20x	as long as short
Binance DOGEUSDTshort	+0.0100%	8h	0.1023	+0.084%	$339.0M	$1.61B	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.1023	+0.093%	$167.6M	$498.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1024	+0.142%	$116.1M	$1.15B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1029	+0.699%	$395K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1022	−0.054%	$252.6M	$145.9M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1024	+0.142%	$116.1M	$244.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1020	−0.191%	$67.1M	$48.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1024	+0.122%	—	$79.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1021	−0.122%	$340K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1026	+0.363%	$1.1M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1031	+0.894%	$329K	$135.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1027	+0.455%	$649K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1032	+0.944%	$156K	$329K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1022	−0.034%	$258K	$982K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1022	−0.073%	$69K	$468K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1021	−0.120%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1022	−0.082%	$36K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1022	−0.064%	$2K	$5.1M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1021	−0.132%	$6.0M	$65.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1022	−0.034%	$93.9M	$17.3M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1023	+0.112%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1023	+0.102%	$494K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1021	−0.098%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0121%	8h	0.1021	−0.103%	$1K	$498K	10x	as long as short
Reya DOGERUSDPERP	+0.0192%	1h	0.1022	−0.049%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1026	+0.347%	$16.8M	$27.1M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1031	+0.860%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0246%	1h	0.1022	−0.071%	$5.5M	$39.0M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0256% / S −0.0309%	1h	0.1021	−0.089%	$330K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.1021	−0.084%	$454	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1022	+0.005%	$2.1M	$33.3M	50x	as long as short
Hyperliquid DOGE	+0.0502%	1h	0.1022	−0.024%	$127.5M	$110.5M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1024	+0.152%	$111K	$203K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1022	−0.005%	$413K	$428K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+2.998%	$6K	$242K	12x	as long as short