Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against MEXC+0.044%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$130.126% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.044%, 7d avg +0.044%

Together, before fees+0.047%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.1006	0.0100	pay 0.0100% / 8h	1h 45m	$109.7M	$214.4M	300x
Short	Lighter DOGE	0.1007	0.0096	get 0.0012% / 1h	45m 17s	$788K	$5.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$0.84
Price spread: +0.044% → +0.044%: −$0.06
Slippage, 4 orders: −$12.55
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.45
Costs to cover: 0.126%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.50 bp	0.5 bp $0	2.3 bp −$23	8.5 bp −$853	35.9 bp −$18.0K
Sell Lighter live order book, 3 min ago	1.64 bp	8.1 bp −$8	14.7 bp −$147	33.2 bp −$3,317	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
Bitget DOGEUSDT	−0.0273%	8h	0.1006	−0.079%	$153.7M	$262.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	+0.034%	$379K	$4.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1005	−0.096%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.1005	−0.155%	$226K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0078%	1h	0.1006	−0.017%	$629K	$105K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1005	−0.160%	$15K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0094%	8h	0.1006	−0.079%	$242.0M	$121.1M	75x	as long as short
Lighter DOGEshort	+0.0096%	1h	0.1007	+0.044%	$788K	$5.3M	15x
Katana Perps DOGE-USD	+0.0096%	8h	0.1006	−0.010%	$1K	$355K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	−0.055%	$703K	$770K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1006	−0.029%	$5.0M	$41.5M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1006	−0.035%	$337K	$497K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1007	+0.030%	$320.4M	$1.28B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1006	−0.040%	$162.3M	$405.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1006	+0.010%	$109.7M	$912.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1007	+0.050%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.328%	$384K	$14K	10x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.1006	long leg	$109.7M	$214.4M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1006	−0.030%	$66.0M	$39.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1007	+0.020%	—	$73.8M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1003	−0.283%	$934K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1005	−0.153%	$279K	$113.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1004	−0.268%	$632K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1005	−0.129%	$146K	$239K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	−0.070%	$273K	$532K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1006	−0.010%	$72K	$417K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1006	−0.047%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1006	+0.012%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1006	0.000%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1006	−0.016%	$6.0M	$48.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1006	−0.030%	$93.2M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1006	−0.014%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1006	−0.039%	$558K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1006	−0.005%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1006	−0.044%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1007	+0.055%	$532	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1007	+0.050%	$2.0M	$23.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	−0.010%	$15.3M	$24.3M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.1006	−0.077%	$312K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1006	+0.019%	$6.0M	$32.0M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0388%	1h	0.1007	+0.060%	$531K	$934K	15x	as long as short
Hyperliquid DOGE	+0.0424%	1h	0.1007	+0.099%	$110.9M	$81.1M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	+0.064%	$316K	$473K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1007	+0.070%	$5K	$207K	12x	as long as short