DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h +0.031%

Price spread now: Lighter against Deribit+0.016%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$20 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now +0.016%, 7d avg +0.033%

Together, before fees+0.211%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.195%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DOGE_USDC-PERPETUAL	0.09993	0.0130	pay 0.0016% / 1h	54m 23s	$597K	$118K	25x
Short	Lighter DOGE	0.09995	0.0096	get 0.0012% / 1h	54m 23s	$812K	$6.1M	15x

Funding 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 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$7.14
Price spread: +0.016% → +0.033%: −$1.66
Slippage, 4 orders: −$27.74
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$43.54
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Deribit: live order book, 9 min ago; Lighter: live order book, 9 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, 9 min ago	5.00 bp	8.5 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	1.45 bp	9.2 bp −$9	16.1 bp −$161	32.8 bp −$3,275	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	−0.0091%	8h	0.09987	−0.061%	$151.2M	$273.3M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09988	−0.053%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09982	−0.110%	$394K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09974	−0.195%	$24K	—	150x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.09995	+0.016%	$812K	$6.1M	15x
Katana Perps DOGE-USD	+0.0099%	8h	0.09967	−0.261%	$833	$430K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09975	−0.181%	$532K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09983	−0.100%	$4.7M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09988	−0.049%	$328K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09978	−0.151%	$318.2M	$1.43B	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09984	−0.091%	$159.8M	$437.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09993	−0.001%	$111.0M	$983.0M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	−0.031%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09973	−0.201%	$242.2M	$131.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09975	−0.181%	$113.3M	$228.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09970	−0.231%	$65.9M	$43.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09976	−0.171%	—	$76.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09989	−0.041%	$334K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.318%	$998K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09950	−0.432%	$292K	$128.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09953	−0.400%	$625K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	−0.431%	$146K	$274K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09969	−0.238%	$255K	$730K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09985	−0.081%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09987	−0.060%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09976	−0.167%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09996	+0.029%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09976	−0.167%	$6.0M	$55.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09989	−0.041%	$92.0M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09992	−0.010%	$561K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09992	−0.014%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0105%	8h	0.09985	−0.077%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUALlong	+0.0130%	1h	0.09993	long leg	$597K	$118K	25x
Reya DOGERUSDPERP	+0.0186%	1h	0.09970	−0.229%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09990	−0.032%	$532	$4K	10x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09951	−0.422%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09972	−0.206%	$310K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09995	+0.019%	$2.3M	$25.9M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09994	+0.009%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0442%	1h	0.09978	−0.153%	$121.4M	$99.5M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09989	−0.036%	$402K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09998	+0.049%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1002	+0.269%	$5K	$239K	12x	as long as short