Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: Derive against Lighter−0.380%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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: Derive is 0.380% cheaper against Lighter than usual: you would sell low and buy high, −$38 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.1031 | 0.0096 | pay 0.0012% / 1h | 26m 25s | $728K | $6.4M | 15x |
| Short | Derive DOGE-PERP | 0.1027 | 0.0100 | get 0.0013% / 1h | 26m 25s | $25K | $1K | 10x |
Lighter DOGE
Derive DOGE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $0.84
- Price spread: −0.380% → 0.000%
- −$38.04
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$43.2
- Costs to cover
- 0.060%
- Break-even
- 367.0 days
Slippage unknown: Lighter: live order book, 12 min ago; Derive: no order-book sample. 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 Lighter live order book, 12 min ago | 2.28 bp | 4.7 bp −$5 | 6.7 bp −$67 | 21.5 bp −$2,149 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1031 | −0.039% | $710K | $6.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1027 | −0.452% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0015% | 1h | 0.1029 | −0.200% | $231K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0053% | 8h | 0.1027 | −0.390% | $134.1M | $315.3M | 75x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.1031 | long leg | $728K | $6.4M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1027 | −0.380% | $557K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1027 | −0.398% | $4.9M | $54.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1030 | −0.107% | $330K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1027 | −0.390% | $340.3M | $1.60B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1027 | −0.390% | $169.6M | $495.0M | 75x | as long as short |
Kalshi KXDOGEPERP
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 | 0.1028 | −0.332% | $117.0M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +1.449% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1027 | −0.448% | $253.9M | $144.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1027 | −0.380% | $115.5M | $243.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1027 | −0.458% | $67.5M | $48.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1027 | −0.409% | — | $79.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1030 | −0.167% | $347K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1038 | +0.616% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1038 | +0.660% | $331K | $135.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1038 | +0.661% | $656K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1039 | +0.745% | $155K | $327K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1027 | −0.458% | $259K | $974K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1027 | −0.380% | $69K | $467K | 50x | as long as short |
| Derive DOGE-PERPshort | +0.0100% | 1h | 0.1027 | −0.380% | $25K | $1K | 10x | |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1028 | −0.352% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1028 | −0.361% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1030 | −0.082% | $6.1M | $65.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1031 | −0.050% | $94.8M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1029 | −0.227% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1027 | −0.404% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1028 | −0.368% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0122% | 8h | 0.1028 | −0.361% | $2K | $496K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1026 | −0.467% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1030 | −0.099% | $16.7M | $27.2M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1032 | +0.077% | $19K | $292K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0237% | 1h | 0.1028 | −0.349% | $583K | $247K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0245% | 1h | 0.1027 | −0.391% | $5.5M | $38.7M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1026 | −0.472% | $331K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1028 | −0.324% | $457 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1028 | −0.361% | $2.0M | $33.0M | 50x | as long as short |
| Hyperliquid DOGE | +0.0530% | 1h | 0.1028 | −0.361% | $128.0M | $110.0M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1028 | −0.293% | $111K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1028 | −0.307% | $415K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +2.102% | $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
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
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP