Funding you earn now, next payment 02:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.027%
Price spread now: Coinbase International against Lighter+0.068%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.068%, 7d avg −0.017%
=Together, before fees−0.191%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.085% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.09988 | 0.0096 | pay 0.0012% / 1h | 53m 32s | $812K | $6.1M | 15x |
| Short | Coinbase International DOGE-PERP-INTX | 0.09995 | 0.0248 | get 0.0031% / 1h | 53m 32s | $2.3M | $25.9M | 50x |
Lighter DOGE
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- $31.92
- Price spread: +0.068% → −0.017%
- $8.54
- Slippage, 4 orders
- −$26.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $4.25
- Costs to cover
- 0.362%
- Break-even
- 6.1 days
Slippage from Lighter: live order book, 5 min ago; Coinbase International: live order book, 6 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 Lighter live order book, 5 min ago | 1.46 bp | 5.2 bp −$5 | 8.6 bp −$86 | 26.3 bp −$2,635 | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 2.50 bp | 9.5 bp −$10 | 13.3 bp −$133 | 42.4 bp −$4,238 | 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 | 0.09974 | −0.142% | $151.0M | $273.3M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09978 | −0.107% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09993 | +0.046% | $394K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09974 | −0.146% | $24K | — | 150x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.09988 | long leg | $812K | $6.1M | 15x | |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09986 | −0.022% | $1K | $432K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09985 | −0.027% | $532K | $988K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09980 | −0.082% | $4.7M | $48.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09981 | −0.070% | $328K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09988 | −0.006% | $319.5M | $1.43B | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09985 | −0.032% | $159.8M | $437.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09988 | −0.002% | $111.2M | $982.6M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | +0.018% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09979 | −0.092% | $242.3M | $131.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09984 | −0.042% | $114.1M | $228.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09984 | −0.042% | $66.0M | $43.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09984 | −0.042% | — | $76.1M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09977 | −0.112% | $334K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | +0.367% | $998K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09991 | +0.026% | $296K | $128.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09953 | −0.351% | $625K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | −0.382% | $146K | $274K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09969 | −0.189% | $255K | $730K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09985 | −0.032% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09987 | −0.011% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09976 | −0.118% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09996 | +0.078% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09992 | +0.040% | $5.9M | $55.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09986 | −0.022% | $92.0M | $16.8M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09978 | −0.101% | $561K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09992 | +0.035% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0105% | 8h | 0.09986 | −0.023% | $18K | $6K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0130% | 1h | 0.09993 | +0.049% | $597K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0186% | 1h | 0.09970 | −0.180% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.09990 | +0.020% | $532 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09951 | −0.373% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0267% | 1h | 0.09972 | −0.157% | $310K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0248% | 1h | 0.09995 | +0.068% | $2.3M | $25.9M | 50x | |
| Kraken Futures PF_DOGEUSD | +0.0306% | 1h | 0.09994 | +0.058% | $5.8M | $34.7M | 50x | as long as short |
| Hyperliquid DOGE | +0.0414% | 1h | 0.09987 | −0.014% | $121.6M | $99.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09992 | +0.038% | $402K | $367K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09998 | +0.098% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1002 | +0.318% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP