DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.031%

Price spread now: Deribit against Lighter−0.116%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

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

Long on Lighter Short on Deribit

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)+0.084%+$8 · spread now −0.116%, 7d avg −0.033%

Together, before fees−0.111%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.083% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DOGE	0.09995	0.0096	pay 0.0012% / 1h	54m 47s	$812K	$6.1M	15x
Short	Deribit DOGE_USDC-PERPETUAL	0.09983	0.0021	get 0.0003% / 1h	54m 47s	$596K	$118K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter. 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 LighterbpFee DeribitbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$15.75
Price spread: −0.116% → −0.033%: −$8.34
Slippage, 4 orders: −$27.74
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$58.83
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; Deribit: 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 Lighter live order book, 8 min ago	1.45 bp	7.3 bp −$7	10.3 bp −$103	27.8 bp −$2,784	doesn't fit
Sell Deribit live order book, 9 min ago	5.00 bp	9.7 bp −$10	17.0 bp −$170	doesn't fit	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	−0.207%	$151.0M	$273.3M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09988	−0.069%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09982	−0.126%	$394K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09980	−0.149%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUALshort	+0.0021%	1h	0.09983	−0.116%	$596K	$118K	25x
Lighter DOGElong	+0.0096%	1h	0.09995	long leg	$812K	$6.1M	15x
Katana Perps DOGE-USD	+0.0099%	8h	0.09982	−0.127%	$834	$430K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09984	−0.107%	$532K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1000	+0.077%	$4.7M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09988	−0.065%	$328K	$482K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09988	−0.068%	$318.5M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09984	−0.107%	$159.9M	$437.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09981	−0.137%	$111.3M	$981.6M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	−0.047%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09994	−0.007%	$242.7M	$130.9M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09980	−0.147%	$113.4M	$228.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09987	−0.077%	$66.1M	$43.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09998	+0.033%	—	$76.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09989	−0.057%	$334K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	+0.302%	$998K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09950	−0.447%	$292K	$128.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09953	−0.416%	$625K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	−0.447%	$146K	$274K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09981	−0.137%	$256K	$729K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09981	−0.137%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09982	−0.131%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09987	−0.073%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09987	−0.077%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09976	−0.183%	$6.0M	$55.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09989	−0.057%	$92.0M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1000	+0.054%	$561K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09982	−0.127%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0105%	8h	0.09985	−0.093%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0186%	1h	0.09981	−0.139%	$2K	—	20x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09951	−0.438%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09980	−0.147%	$311K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.09992	−0.026%	$533	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09996	+0.013%	$2.3M	$25.8M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09985	−0.096%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0450%	1h	0.09998	+0.033%	$121.7M	$99.5M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09996	+0.013%	$402K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09998	+0.033%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1002	+0.253%	$5K	$239K	12x	as long as short