Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.006%

Price spread now: Lighter against Gate+0.070%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.070%, 7d avg +0.066%

Together, before fees+0.060%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DOGE_USDT	0.09900	0.0076	pay 0.0076% / 8h	2h 06m	$236.0M	$121.1M	75x
Short	Lighter DOGE	0.09907	0.0096	get 0.0012% / 1h	6m 37s	$779K	$5.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.070%Rate

Funding earned: $4.2
Price spread: +0.070% → +0.066%: $0.38
Slippage, 4 orders: −$15.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.13
Costs to cover: 0.307%
Break-even: 50.5 days

Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 11 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 Gate live order book, 2 min ago	0.50 bp	9.4 bp −$9	15.6 bp −$156	32.1 bp −$3,206	51.1 bp −$25.6K
Sell Lighter live order book, 11 min ago	1.81 bp	6.1 bp −$6	14.2 bp −$142	37.6 bp −$3,759	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	−0.0279%	8h	0.09897	−0.030%	$151.7M	$261.3M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09915	+0.149%	$367K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09915	+0.154%	$620K	$106K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09907	+0.068%	$32K	—	150x	as long as short
Gate DOGE_USDTlong	+0.0076%	8h	0.09900	long leg	$236.0M	$121.1M	75x
Phoenix DOGE	+0.0080%	1h	0.09951	+0.512%	$15K	$225K	10x	as long as short
dYdX DOGE-USD	+0.0088%	1h	0.09902	+0.020%	$222K	$44K	10x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09908	+0.081%	$839	$345K	10x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.09907	+0.070%	$779K	$5.1M	15x
Nado DOGE-PERP	+0.0100%	1h	0.09920	+0.202%	$628K	$698K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09904	+0.040%	$4.9M	$40.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09906	+0.059%	$334K	$496K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09908	+0.082%	$313.8M	$1.27B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09903	+0.030%	$158.4M	$399.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09907	+0.071%	$108.5M	$892.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09913	+0.131%	$28K	$76K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09904	+0.040%	$110.3M	$221.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09905	+0.051%	$64.9M	$39.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09905	+0.051%	—	$73.5M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09944	+0.447%	$932K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09933	+0.335%	$267K	$112.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09924	+0.247%	$629K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09930	+0.303%	$144K	$228K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09915	+0.155%	$271K	$528K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09914	+0.141%	$57K	$396K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09913	+0.136%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09933	+0.330%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09914	+0.141%	$2K	$3.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09908	+0.083%	$5.9M	$47.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09915	+0.152%	$91.9M	$19.0M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09947	+0.475%	$381K	$14K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09904	+0.045%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09903	+0.028%	$547K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09916	+0.162%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0168%	1h	0.09911	+0.107%	$523	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0175%	1h	0.09916	+0.160%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09919	+0.192%	$15.2M	$23.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09920	+0.202%	$2.0M	$22.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0247%	1h	0.09907	+0.069%	$317K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0258%	1h	0.09919	+0.192%	$524K	$931K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0288%	1h	0.09914	+0.141%	$5.9M	$31.9M	50x	as long as short
Hyperliquid DOGE	+0.0408%	1h	0.09915	+0.154%	$109.1M	$79.8M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09914	+0.144%	$311K	$472K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09960	+0.606%	$5K	$180K	12x	as long as short