Funding you earn now, next payment 23:00 UTC+0.0305%/8h= +33.4% APRnext payment +$0.38 per $10,000 · paid last 24h +0.105%
Price spread now: Hyperliquid against ApeX Omni+0.649%65s7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 3 days (all we have)−0.723%−$72 · spread now +0.649%, 7d avg +0.032%
=Together, before fees−0.642%+ Points / potential airdropHyperliquid: Season 2 · farm board−$64 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.617% dearer against ApeX Omni than usual: you sell high and buy low: +$62 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni DOGEUSDT | 0.1001 | 0.0100 | pay 0.0013% / 1h | 54m 23s | $145K | $235K | 25x |
| Short | Hyperliquid DOGE | 0.1008 | 0.0405 | get 0.0051% / 1h | 54m 23s | $110.6M | $80.6M | 10x |
ApeX Omni DOGEUSDT
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $64
- Price spread: +0.649% → +0.032%
- $61.74
- Slippage, 4 orders
- −$32.17
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $74.58
- Costs to cover
- 0.512%
- Break-even
- from the start
Slippage from ApeX Omni: live order book, 27 min ago; Hyperliquid: 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 ApeX Omni live order book, 27 min ago | 5.01 bp | 24.2 bp −$24 | 65.5 bp −$655 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.05 bp | 6.2 bp −$6 | 7.6 bp −$76 | doesn't fit | 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 | +0.450% | $153.9M | $261.9M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1005 | +0.367% | $378K | $4.4M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1007 | +0.626% | $630K | $106K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1006 | +0.453% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0026% | 1h | 0.1007 | +0.575% | $226K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.1004 | +0.269% | $15K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0083% | 8h | 0.1006 | +0.470% | $242.2M | $120.6M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1008 | +0.654% | $770K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1007 | +0.629% | $1K | $353K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1007 | +0.559% | $682K | $743K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.609% | $5.0M | $41.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1007 | +0.589% | $338K | $498K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.500% | $318.4M | $1.28B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1005 | +0.440% | $161.9M | $403.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1006 | +0.490% | $110.2M | $910.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1008 | +0.719% | $28K | $76K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1006 | +0.539% | $111.5M | $213.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1007 | +0.609% | $66.0M | $39.4M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1006 | +0.460% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1003 | +0.186% | $947K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09957 | −0.529% | $264K | $112.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | +0.040% | $630K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDTlong | +0.0100% | 1h | 0.1001 | long leg | $145K | $235K | 25x | |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1006 | +0.470% | $272K | $534K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1006 | +0.470% | $72K | $417K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1007 | +0.566% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.641% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1007 | +0.589% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.618% | $6.0M | $48.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.569% | $93.3M | $19.0M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09939 | −0.708% | $381K | $14K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1007 | +0.640% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1008 | +0.653% | $551K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1007 | +0.614% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0160% | 1h | 0.1008 | +0.651% | $532 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0175% | 1h | 0.1006 | +0.521% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1008 | +0.649% | $2.0M | $23.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1007 | +0.629% | $15.2M | $24.3M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0266% | 1h | 0.1005 | +0.445% | $312K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0362% | 1h | 0.1007 | +0.608% | $6.0M | $31.9M | 50x | as long as short |
| Hyperliquid DOGEshort | +0.0405% | 1h | 0.1008 | +0.649% | $110.6M | $80.6M | 10x | |
| Backpack DOGE_USDC_PERP | +0.0418% | 1h | 0.1008 | +0.659% | $531K | $936K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1008 | +0.709% | $316K | $474K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1007 | +0.599% | $5K | $207K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP