Funding you earn now, next payment 22:00 UTC+0.0432%/8h= +47.3% APRnext payment +$0.54 per $10,000 · paid last 24h +0.110%
Price spread now: Hyperliquid against dYdX+0.637%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1551.547% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 4 days (all we have)−0.610%−$61 · spread now +0.637%, 7d avg +0.075%
=Together, before fees−0.432%+ Points / potential airdropHyperliquid: Season 2 · farm board−$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.562% dearer against dYdX than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.075%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.54 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 | dYdX DOGE-USD | 0.09826 | 0.0062 | pay 0.0008% / 1h | 39m 40s | $221K | $44K | 10x |
| Short | Hyperliquid DOGE | 0.09889 | 0.0494 | get 0.0062% / 1h | 39m 40s | $110.3M | $77.7M | 10x |
dYdX DOGE-USD
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- $90.67
- Price spread: +0.637% → +0.075%
- $56.18
- Slippage, 4 orders
- −$135.66
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$7.81
- Costs to cover
- 1.547%
- Break-even
- 7.6 days
Slippage from dYdX: live order book, 49 min ago; Hyperliquid: live order book, 4 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 dYdX live order book, 49 min ago | 52.03 bp | 65.9 bp −$66 | 157.3 bp −$1,573 | 208.4 bp −$20.8K | 224.2 bp −$112.1K |
| Sell Hyperliquid live order book, 4 min ago | 1.56 bp | 6.1 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 | −0.0279% | 8h | 0.09809 | −0.176% | $150.7M | $259.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09910 | +0.850% | $364K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09904 | +0.793% | $619K | $88K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09901 | +0.761% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0061% | 8h | 0.09815 | −0.115% | $233.4M | $118.6M | 75x | as long as short |
| dYdX DOGE-USDlong | +0.0062% | 1h | 0.09826 | long leg | $221K | $44K | 10x | |
| Phoenix DOGE | +0.0080% | 1h | 0.09900 | +0.746% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09820 | −0.064% | $820 | $334K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09880 | +0.544% | $778K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09904 | +0.791% | $629K | $695K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) 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 | 0.09896 | +0.713% | $4.9M | $40.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09845 | +0.186% | $335K | $505K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09836 | +0.100% | $314.6M | $1.25B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09820 | −0.064% | $154.4M | $396.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09821 | −0.054% | $107.5M | $877.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09815 | −0.115% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09919 | +0.942% | $380K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09825 | −0.013% | $120.3M | $213.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09847 | +0.211% | $64.9M | $39.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09811 | −0.156% | — | $73.1M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09888 | +0.623% | $934K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09896 | +0.710% | $263K | $111.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09894 | +0.685% | $622K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09900 | +0.750% | $141K | $222K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09904 | +0.789% | $274K | $545K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09903 | +0.780% | $72K | $358K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09900 | +0.753% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09904 | +0.794% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09902 | +0.770% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09899 | +0.743% | $6.0M | $46.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09912 | +0.872% | $92.0M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09821 | −0.050% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09816 | −0.107% | $544K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09903 | +0.785% | $19K | — | 3x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0165% | 1h | 0.09916 | +0.913% | $525K | $904K | 15x | as long as short |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09905 | +0.803% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09903 | +0.780% | $15.3M | $23.7M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09810 | −0.161% | $518 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09905 | +0.801% | $2.0M | $22.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09900 | +0.749% | $305K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0289% | 1h | 0.09906 | +0.813% | $6.8M | $30.3M | 50x | as long as short |
| Hyperliquid DOGEshort | +0.0494% | 1h | 0.09889 | +0.637% | $110.3M | $77.7M | 10x | |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09816 | −0.110% | $309K | $469K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09920 | +0.953% | $5K | $153K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
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
Backpack DOGE_USDC_PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Injective DOGE/USDC PERP