Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: Lighter against Kalshi+0.083%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 7 days−0.188%−$19 · spread now +0.083%, 7d avg +0.031%
=Together, before fees+0.006%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.052% dearer against Kalshi than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXDOGEPERP | 0.1020 | 0 | get 0.0000% / 8h | 7h 15m | $690K | $6.3M | 2.8x |
| Short | Lighter DOGE | 0.1021 | 0.0096 | get 0.0012% / 1h | 15m 34s | $754K | $6.5M | 15x |
Kalshi KXDOGEPERP
Lighter DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kalshi. 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
- $20.16
- Price spread: +0.083% → +0.031%
- $5.22
- Slippage, 4 orders
- −$27.02
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.65
- Costs to cover
- 0.370%
- Break-even
- 11.0 days
Slippage from Kalshi: live order book, 3 min ago; Lighter: live order book, 3 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 Kalshi live order book, 3 min ago | 5.33 bp | 10.4 bp −$10 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 1.08 bp | 10.9 bp −$11 | 15.3 bp −$153 | 29.9 bp −$2,988 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERPlong | 0.0000% | 8h | 0.1020 | long leg | $690K | $6.3M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1019 | −0.074% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0021% | 1h | 0.1019 | −0.097% | $229K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0076% | 8h | 0.1019 | −0.063% | $133.1M | $317.0M | 75x | as long as short |
| Lighter DOGEshort | +0.0096% | 1h | 0.1021 | +0.083% | $754K | $6.5M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1019 | −0.077% | $558K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1020 | −0.053% | $4.9M | $54.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1020 | −0.009% | $325K | $519K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1020 | −0.053% | $335.9M | $1.62B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1019 | −0.102% | $166.3M | $500.0M | 75x | as long as short |
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1020 | −0.043% | $116.0M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1029 | +0.918% | $395K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1019 | −0.092% | $251.5M | $146.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1020 | −0.033% | $116.6M | $246.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1020 | +0.006% | $67.1M | $48.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1020 | −0.043% | — | $79.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1019 | −0.073% | $345K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1019 | −0.105% | $1.2M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1022 | +0.168% | $326K | $136.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1022 | +0.197% | $644K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1023 | +0.280% | $154K | $330K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1019 | −0.092% | $260K | $1.0M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1020 | −0.053% | $69K | $468K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1019 | −0.072% | $19K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1020 | −0.026% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1020 | −0.053% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1020 | −0.024% | $6.0M | $65.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1020 | −0.033% | $93.7M | $17.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1020 | −0.048% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1019 | −0.086% | $491K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1019 | −0.077% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0120% | 8h | 0.1020 | −0.053% | $1K | $503K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1019 | −0.075% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1021 | +0.094% | $16.6M | $27.0M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1024 | +0.395% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0247% | 1h | 0.1020 | −0.050% | $5.5M | $39.2M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1020 | −0.054% | $453 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1019 | −0.065% | $329K | — | 200x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0290% | 1h | 0.1020 | −0.039% | $579K | $247K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1020 | +0.016% | $2.2M | $33.5M | 50x | as long as short |
| Hyperliquid DOGE | +0.0466% | 1h | 0.1021 | +0.084% | $127.4M | $111.0M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1021 | +0.045% | $110K | $207K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1020 | −0.004% | $412K | $431K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +3.221% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
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
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP