Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h +0.038%
Price spread now: Kraken Futures against Lighter−0.135%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.135%, 7d avg −0.027%
=Together, before fees+0.109%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.109% cheaper against Lighter than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOGE | 0.1011 | 0.0096 | pay 0.0012% / 1h | 41m 30s | $814K | $5.5M | 15x |
| Short | Kraken Futures PF_DOGEUSD | 0.1010 | 0.0104 | get 0.0013% / 1h | 41m 30s | $6.0M | $33.2M | 50x |
Lighter DOGE
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $1.61
- Price spread: −0.135% → −0.027%
- −$10.86
- Slippage, 4 orders
- −$25.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$44.89
- Costs to cover
- 0.356%
- Break-even
- 201.6 days
Slippage from Lighter: live order book, 6 min ago; Kraken Futures: 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 Lighter live order book, 6 min ago | 2.02 bp | 4.8 bp −$5 | 10.4 bp −$104 | 25.8 bp −$2,580 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 0.49 bp | 10.4 bp −$10 | 12.1 bp −$121 | 24.0 bp −$2,397 | 396.7 bp −$198.3K |
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 | −0.0241% | 8h | 0.1010 | −0.134% | $153.8M | $268.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1012 | +0.057% | $420K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1010 | −0.133% | $611K | $113K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1010 | −0.147% | $25K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0076% | 8h | 0.1010 | −0.125% | $243.7M | $126.3M | 75x | as long as short |
| dYdX DOGE-USD | +0.0083% | 1h | 0.1010 | −0.096% | $227K | $44K | 10x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.1011 | long leg | $814K | $5.5M | 15x | |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1011 | −0.036% | $977 | $389K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1011 | −0.050% | $603K | $899K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1010 | −0.095% | $5.0M | $45.3M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
dYdX DOGE-USD
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1011 | −0.022% | $337K | $506K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1011 | −0.041% | $323.1M | $1.36B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1011 | −0.055% | $159.4M | $429.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1011 | −0.016% | $110.0M | $953.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1011 | −0.006% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | +0.310% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1010 | −0.095% | $112.9M | $220.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1011 | −0.045% | $66.5M | $41.8M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1011 | −0.075% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1018 | +0.698% | $1.1M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1018 | +0.702% | $279K | $118.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1013 | +0.142% | $638K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1019 | +0.755% | $150K | $249K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1010 | −0.174% | $261K | $555K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1010 | −0.144% | $73K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1010 | −0.153% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1010 | −0.097% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1010 | −0.134% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1010 | −0.119% | $6.1M | $51.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1010 | −0.095% | $93.5M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1011 | −0.064% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSDshort | +0.0104% | 1h | 0.1010 | −0.135% | $6.0M | $33.2M | 50x | |
| Extended DOGE-USD | +0.0104% | 1h | 0.1011 | −0.054% | $554K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1010 | −0.144% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1010 | −0.148% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1012 | +0.053% | $15.4M | $25.5M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1015 | +0.365% | $67K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1011 | −0.026% | $2.0M | $24.3M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0253% / S −0.0291% | 1h | 0.1010 | −0.144% | $331K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1011 | −0.014% | $534 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0433% | 1h | 0.1011 | −0.036% | $540K | $965K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1012 | +0.016% | $317K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0955% | 1h | 0.1013 | +0.132% | $118.4M | $88.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1020 | +0.854% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP