Funding you earn now, next payment 04:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h +0.143%
Price spread now: Hyperliquid against Bybit+0.117%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.117%, 7d avg +0.052%
=Together, before fees+0.116%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.064% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DOGEUSDT | 0.1003 | 0.0100 | pay 0.0100% / 8h | 4h 05m | $164.7M | $453.5M | 75x |
| Short | Hyperliquid DOGE | 0.1005 | 0.0255 | get 0.0032% / 1h | 5m 06s | $122.8M | $102.3M | 10x |
Bybit DOGEUSDT
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $32.61
- Price spread: +0.117% → +0.052%
- $6.41
- Slippage, 4 orders
- −$6.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $12.74
- Costs to cover
- 0.263%
- Break-even
- 4.3 days
Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.49 bp | 6.6 bp −$7 | 12.8 bp −$128 | 24.9 bp −$2,487 | 45.7 bp −$22.9K |
| Sell Hyperliquid live order book, 9 min ago | 1.99 bp | 6.5 bp −$6 | 7.1 bp −$71 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0031% | 1h | 0.1004 | +0.054% | $5.7M | $35.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0027% | 8h | 0.1003 | −0.090% | $151.3M | $278.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1005 | +0.165% | $451K | $5.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1004 | +0.016% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0011% | 1h | 0.1005 | +0.160% | $226K | $49K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0059% | 1h | 0.1004 | +0.075% | $600K | $119K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1005 | +0.113% | $733K | $6.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1006 | +0.239% | $909 | $465K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1004 | +0.100% | $528K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1004 | +0.060% | $4.6M | $50.1M | 75x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1006 | +0.212% | $326K | $484K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1004 | +0.041% | $327.9M | $1.48B | 75x | as long as short |
| Bybit DOGEUSDTlong | +0.0100% | 8h | 0.1003 | long leg | $164.7M | $453.5M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1003 | −0.020% | $115.2M | $1.03B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | −0.025% | $385K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1003 | −0.010% | $247.5M | $136.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1004 | +0.030% | $112.5M | $236.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1004 | +0.060% | $66.9M | $44.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1004 | +0.040% | — | $77.0M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1003 | 0.000% | $318K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | +0.276% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1008 | +0.434% | $306K | $131.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1009 | +0.529% | $638K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1007 | +0.359% | $146K | $291K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1004 | +0.040% | $261K | $877K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1004 | +0.050% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1004 | +0.053% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1005 | +0.134% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1004 | +0.070% | $2K | $4.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1004 | +0.015% | $6.0M | $58.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1004 | +0.080% | $92.3M | $16.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1006 | +0.258% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1003 | −0.053% | $494K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1004 | +0.065% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0190% | 1h | 0.1004 | +0.057% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.1006 | +0.281% | $536 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1004 | +0.060% | $15.8M | $25.5M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.1009 | +0.539% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0267% | 1h | 0.1004 | +0.015% | $313K | — | 200x | as long as short |
| Hyperliquid DOGEshort | +0.0255% | 1h | 0.1005 | +0.117% | $122.8M | $102.3M | 10x | |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.1004 | +0.080% | $2.0M | $28.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.1007 | +0.349% | $110K | $199K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.1006 | +0.294% | $408K | $415K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1008 | +0.458% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP