Funding you earn now, next payment 05:00 UTC+0.0519%/8h= +56.8% APRpaid last 24h +0.176%
Price spread now: Hyperliquid against Bitget+0.229%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days+0.224%+$22 on $10k
+Price spread, last 7 days−0.212%−$21 · spread now +0.229%, 7d avg +0.072%
=Together, before fees+0.011%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.157% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.072%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.224% in total (about 11.7% 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 | Bitget DOGEUSDT | 0.1047 | 0.0035 | pay 0.0035% / 8h | 3h 34m | $138.2M | $313.3M | 75x |
| Short | Hyperliquid DOGE | 0.1050 | 0.0554 | get 0.0069% / 1h | 34m 32s | $131.2M | $108.6M | 10x |
Bitget DOGEUSDT
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $108.97
- Price spread: +0.229% → +0.072%
- $15.68
- Slippage, 4 orders
- −$14.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $89.3
- Costs to cover
- 0.353%
- Break-even
- 1.3 days
Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 0.47 bp | 10.7 bp −$11 | 17.5 bp −$175 | 26.4 bp −$2,643 | 56.1 bp −$28.0K |
| Sell Hyperliquid live order book, 9 min ago | 1.43 bp | 6.7 bp −$7 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX DOGE-USD | 0.0000% | 1h | 0.1047 | +0.014% | $235K | $70K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1050 | +0.275% | $744K | $6.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1050 | +0.249% | $25K | — | 150x | as long as short |
| Bitget DOGEUSDTlong | +0.0035% | 8h | 0.1047 | long leg | $138.2M | $313.3M | 75x | |
| Lighter DOGE | +0.0096% | 1h | 0.1049 | +0.209% | $744K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1047 | +0.024% | $568K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1049 | +0.134% | $5.0M | $53.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1048 | +0.128% | $338K | $514K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1048 | +0.048% | $348.8M | $1.59B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1047 | 0.000% | $174.2M | $491.3M | 75x | as long as short |
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1047 | +0.010% | $119.9M | $1.16B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1048 | +0.119% | $403K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1047 | +0.010% | $259.5M | $143.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1047 | +0.038% | $118.5M | $241.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1048 | +0.076% | $69.1M | $47.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1047 | +0.019% | — | $79.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1050 | +0.277% | $355K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1048 | +0.064% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1053 | +0.572% | $336K | $134.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1049 | +0.153% | $662K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1053 | +0.563% | $154K | $324K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1047 | −0.048% | $268K | $934K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1050 | +0.315% | $74K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1050 | +0.266% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1051 | +0.342% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1049 | +0.210% | $2K | $4.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1050 | +0.239% | $6.2M | $64.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1050 | +0.277% | $96.5M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.1047 | +0.015% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1047 | −0.015% | $507K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1055 | +0.800% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0125% | 8h | 0.1047 | +0.029% | $880 | $492K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1047 | −0.003% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1050 | +0.277% | $16.8M | $27.6M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1055 | +0.742% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0240% | 1h | 0.1049 | +0.214% | $5.6M | $38.3M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0261% / S −0.0320% | 1h | 0.1050 | +0.249% | $346K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1048 | +0.056% | $466 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1051 | +0.325% | $2.2M | $33.0M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0474% | 1h | 0.1050 | +0.297% | $592K | $242K | 25x | as long as short |
| Hyperliquid DOGEshort | +0.0554% | 1h | 0.1050 | +0.229% | $131.2M | $108.6M | 10x | |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1048 | +0.124% | $114K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1048 | +0.091% | $423K | $427K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.563% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
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
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUAL
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP