Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against MEXC+0.177%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs+$3as in the Price arb table
costs, in and out, $10k−$100.104% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.177%, 7d avg +0.045%
=Together, before fees−0.087%+ Points / potential airdropLighter: Season 3 · farm board−$9 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 0.132% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC DOGE_USDT | 0.1007 | 0.0100 | pay 0.0100% / 8h | 39m 22s | $112.6M | $220.3M | 300x |
| Short | Lighter DOGE | 0.1009 | 0.0096 | get 0.0012% / 1h | 39m 22s | $810K | $5.5M | 15x |
MEXC DOGE_USDT
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against MEXC. 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: +0.177% → +0.045%
- $13.19
- Slippage, 4 orders
- −$10.42
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1.92
- Costs to cover
- 0.104%
- Break-even
- from the start
Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 4 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 MEXC live order book, 5 min ago | 0.49 bp | 0.5 bp $0 | 0.9 bp −$9 | 8.1 bp −$809 | 46.8 bp −$23.4K |
| Sell Lighter live order book, 4 min ago | 2.62 bp | 4.1 bp −$4 | 12.3 bp −$123 | 28.9 bp −$2,893 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0241% | 8h | 0.1007 | −0.069% | $153.3M | $268.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1009 | +0.142% | $420K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1007 | −0.022% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0058% | 1h | 0.1008 | +0.049% | $609K | $114K | 25x | as long as short |
| dYdX DOGE-USD | +0.0074% | 1h | 0.1008 | +0.098% | $226K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0078% | 8h | 0.1007 | −0.069% | $242.8M | $126.5M | 75x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.1009 | +0.177% | $810K | $5.5M | 15x | |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1008 | +0.040% | $974 | $389K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1007 | +0.015% | $601K | $899K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.030% | $5.0M | $45.3M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USD
Gate DOGE_USDT
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1009 | +0.129% | $336K | $509K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.002% | $322.0M | $1.36B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1007 | −0.030% | $158.7M | $429.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1007 | 0.000% | $109.6M | $950.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1008 | +0.069% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1008 | +0.069% | $386K | $12K | 10x | as long as short |
| MEXC DOGE_USDTlong | +0.0100% | 8h | 0.1007 | long leg | $112.6M | $220.3M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1007 | 0.000% | $66.2M | $41.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1007 | −0.010% | — | $75.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1011 | +0.330% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1011 | +0.349% | $277K | $118.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1011 | +0.367% | $637K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1011 | +0.367% | $149K | $250K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1007 | −0.030% | $260K | $557K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1007 | −0.020% | $73K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1008 | +0.027% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1008 | +0.046% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1008 | +0.030% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1007 | −0.001% | $6.1M | $51.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.010% | $93.2M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1007 | +0.012% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0104% | 1h | 0.1007 | +0.013% | $6.0M | $33.2M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1008 | +0.027% | $552K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1008 | +0.052% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1007 | +0.007% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1010 | +0.258% | $15.5M | $25.5M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1009 | +0.180% | $67K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1008 | +0.119% | $2.0M | $24.3M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0271% | 1h | 0.1007 | −0.018% | $316K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1008 | +0.068% | $532 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0434% | 1h | 0.1008 | +0.109% | $539K | $965K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1008 | +0.091% | $316K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0943% | 1h | 0.1009 | +0.169% | $118.0M | $88.4M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1008 | +0.069% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
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
Paradex DOGE-USD-PERP
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP