Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter against Derive−0.453%275s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.453% cheaper against Derive than usual: you would sell low and buy high, −$45 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 275 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive DOGE-PERP | 0.09878 | 0.0100 | pay 0.0013% / 1h | 31m 34s | $18K | $7K | 10x |
| Short | Lighter DOGE | 0.09834 | 0.0096 | get 0.0012% / 1h | 31m 34s | $820K | $6.8M | 15x |
Derive DOGE-PERP
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. 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: −0.453% → 0.000%
- −$45.3
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$52.14
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: 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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 7 min ago | 5.20 bp | 6.0 bp −$6 | 14.6 bp −$146 | 36.2 bp −$3,620 | doesn't fit |
Derive: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0097% | 1h | 0.09825 | −0.542% | $5.4M | $40.6M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0015% | 8h | 0.09816 | −0.630% | $139.2M | $346.6M | 75x | as long as short |
| Gate DOGE_USDT | −0.0008% | 8h | 0.09823 | −0.559% | $248.3M | $154.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09809 | −0.698% | $537K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09819 | −0.604% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.598% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09885 | +0.070% | $18K | $386K | 10x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.09834 | −0.453% | $820K | $6.8M | 15x | |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09823 | −0.559% | $2K | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09825 | −0.534% | $532K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Gate DOGE_USDT
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 | 0.09830 | −0.484% | $122.6M | $116.9M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09828 | −0.509% | $4.9M | $58.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09826 | −0.533% | $319K | $484K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09828 | −0.504% | $325.3M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09824 | −0.549% | $162.6M | $520.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09825 | −0.539% | $113.9M | $1.18B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09829 | −0.499% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09875 | −0.033% | $377K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09825 | −0.539% | $116.9M | $259.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09826 | −0.529% | $65.8M | $49.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09826 | −0.529% | — | $53.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09824 | −0.549% | $298K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09876 | −0.024% | $1.1M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09834 | −0.447% | $298K | $139.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09875 | −0.033% | $621K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09840 | −0.387% | $141K | $347K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09825 | −0.539% | $256K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09824 | −0.549% | $70K | $465K | 50x | as long as short |
| Derive DOGE-PERPlong | +0.0100% | 1h | 0.09878 | long leg | $18K | $7K | 10x | |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09824 | −0.552% | $34K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09822 | −0.569% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09831 | −0.478% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09827 | −0.519% | $89.8M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09824 | −0.551% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09822 | −0.565% | $479K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09823 | −0.558% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0127% | 1h | 0.09826 | −0.525% | $557K | $295K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09820 | −0.586% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09828 | −0.509% | $1.9M | $34.6M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09830 | −0.488% | $15.3M | $26.6M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09834 | −0.453% | $453 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0207% | 1h | 0.09817 | −0.615% | $295K | — | 200x | as long as short |
| dYdX DOGE-USD | +0.0573% | 1h | 0.09826 | −0.530% | $231K | $74K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09826 | −0.533% | $395K | $448K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
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
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC