Funding you earn now, next payment 23:00 UTC+0.0323%/8h= +35.4% APRpaid last 24h +0.105%
Price spread now: Hyperliquid against BingX+0.080%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.235% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.080%, 7d avg +0.045%
=Together, before fees+0.061%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.034% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.3% 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 | BingX DOGE-USDT | 0.1003 | 0.0100 | pay 0.0100% / 8h | 1h 56m | — | $73.6M | — |
| Short | Hyperliquid DOGE | 0.1004 | 0.0423 | get 0.0053% / 1h | 56m 55s | $110.1M | $80.4M | 10x |
BingX DOGE-USDT
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $67.92
- Price spread: +0.080% → +0.045%
- $3.45
- Slippage, 4 orders
- −$4.54
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $47.84
- Costs to cover
- 0.235%
- Break-even
- 2.1 days
Slippage from BingX: 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 BingX live order book, 12 min ago | 1.01 bp | 6.4 bp −$6 | 7.4 bp −$74 | 13.0 bp −$1,305 | 29.0 bp −$14.5K |
| Sell Hyperliquid live order book, 7 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 | −0.0274% | 8h | 0.1002 | −0.090% | $153.4M | $261.8M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1001 | −0.184% | $374K | $4.4M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1002 | −0.086% | $626K | $106K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1001 | −0.160% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0064% | 1h | 0.1001 | −0.150% | $225K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0078% | 8h | 0.1003 | −0.030% | $240.9M | $120.2M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09938 | −0.902% | $15K | $216K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1001 | −0.209% | $1K | $351K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1002 | −0.100% | $763K | $5.3M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1001 | −0.214% | $678K | $743K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Phoenix DOGE
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 | 0.1003 | +0.020% | $4.9M | $41.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1002 | −0.126% | $336K | $498K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1003 | +0.020% | $317.5M | $1.28B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1003 | 0.000% | $161.3M | $402.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1004 | +0.110% | $109.7M | $907.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1001 | −0.199% | $28K | $76K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1003 | +0.040% | $111.1M | $213.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1003 | +0.030% | $65.9M | $39.4M | 75x | as long as short |
| BingX DOGE-USDTlong | +0.0100% | 8h | 0.1003 | long leg | — | $73.6M | — | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09932 | −0.956% | $939K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09957 | −0.707% | $264K | $112.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09939 | −0.886% | $631K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | −0.878% | $144K | $232K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1000 | −0.239% | $272K | $533K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | −0.100% | $57K | $396K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | −0.073% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1002 | −0.076% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | −0.170% | $2K | $3.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | −0.108% | $6.0M | $48.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.130% | $92.8M | $19.0M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09939 | −0.886% | $381K | $14K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1002 | −0.088% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1003 | −0.020% | $552K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | −0.145% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0160% | 1h | 0.1001 | −0.200% | $528 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0175% | 1h | 0.1001 | −0.162% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1002 | −0.100% | $2.0M | $22.8M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1002 | −0.090% | $15.3M | $24.1M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0266% | 1h | 0.1001 | −0.178% | $310K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0364% | 1h | 0.1001 | −0.177% | $6.0M | $31.9M | 50x | as long as short |
| Hyperliquid DOGEshort | +0.0423% | 1h | 0.1004 | +0.080% | $110.1M | $80.4M | 10x | |
| Backpack DOGE_USDC_PERP | +0.0437% | 1h | 0.1003 | +0.020% | $529K | $935K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1001 | −0.187% | $314K | $474K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1005 | +0.219% | $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
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
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