Funding you earn now, next payment 22:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.105%
Price spread now: Hyperliquid against Binance+0.192%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 7 days−0.172%−$17 · spread now +0.192%, 7d avg +0.037%
=Together, before fees−0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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 0.155% dearer against Binance than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.037%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment. 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 | Binance DOGEUSDT | 0.09935 | 0.0100 | pay 0.0100% / 8h | 2h 17m | $314.8M | $1.27B | 75x |
| Short | Hyperliquid DOGE | 0.09954 | 0.0408 | get 0.0051% / 1h | 17m 13s | $109.9M | $79.2M | 10x |
Binance DOGEUSDT
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $64.65
- Price spread: +0.192% → +0.037%
- $15.51
- Slippage, 4 orders
- −$4.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $56.43
- Costs to cover
- 0.237%
- Break-even
- 0.9 days
Slippage from Binance: live order book, 12 min ago; Hyperliquid: live order book, 7 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 Binance live order book, 12 min ago | 0.51 bp | 6.4 bp −$6 | 9.8 bp −$98 | 20.6 bp −$2,065 | 46.0 bp −$23.0K |
| Sell Hyperliquid live order book, 7 min ago | 0.05 bp | 5.6 bp −$6 | doesn't fit | 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 | −0.0280% | 8h | 0.09932 | −0.028% | $152.3M | $261.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09938 | +0.033% | $369K | $4.4M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09946 | +0.112% | $622K | $106K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09942 | +0.076% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0068% | 8h | 0.09939 | +0.042% | $236.9M | $120.3M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09978 | +0.432% | $15K | $225K | 10x | as long as short |
| dYdX DOGE-USD | +0.0095% | 1h | 0.09940 | +0.050% | $223K | $44K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09948 | +0.133% | $842 | $344K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09939 | +0.039% | $782K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09947 | +0.128% | $630K | $698K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Phoenix DOGE
dYdX DOGE-USD
Katana Perps DOGE-USD
Lighter DOGE
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 | 0.09941 | +0.061% | $4.8M | $40.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09940 | +0.048% | $335K | $495K | 20x | as long as short |
| Binance DOGEUSDTlong | +0.0100% | 8h | 0.09935 | long leg | $314.8M | $1.27B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09927 | −0.079% | $158.3M | $399.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09931 | −0.038% | $108.9M | $892.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09956 | +0.213% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09975 | +0.404% | $382K | $15K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09944 | +0.092% | $112.0M | $219.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09944 | +0.092% | $65.2M | $39.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09943 | +0.082% | — | $73.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09967 | +0.323% | $937K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09977 | +0.428% | $265K | $112.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09962 | +0.274% | $626K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09970 | +0.354% | $142K | $224K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09939 | +0.045% | $272K | $529K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09945 | +0.102% | $57K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09942 | +0.073% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09946 | +0.110% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09941 | +0.062% | $2K | $3.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09948 | +0.137% | $6.0M | $47.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09935 | +0.002% | $92.1M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09948 | +0.129% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09940 | +0.051% | $550K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09943 | +0.082% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09941 | +0.066% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.09951 | +0.167% | $525 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09937 | +0.022% | $15.1M | $23.9M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09949 | +0.143% | $2.0M | $22.6M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0247% | 1h | 0.09942 | +0.071% | $318K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0251% | 1h | 0.09940 | +0.052% | $525K | $931K | 15x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0288% | 1h | 0.09940 | +0.052% | $6.0M | $31.8M | 50x | as long as short |
| Hyperliquid DOGEshort | +0.0408% | 1h | 0.09954 | +0.192% | $109.9M | $79.2M | 10x | |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09954 | +0.198% | $312K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09980 | +0.455% | $5K | $180K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Injective DOGE/USDC PERP