Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0438%/8h= −47.9% APRpaid last 24h −0.108%
Price spread now: Aster against Hyperliquid−0.147%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$240.235% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.141%−$14 on $10k
Price spread, last 7 days+0.124%+$12 · spread now −0.147%, 7d avg −0.041%
Together, before fees−0.017%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Aster is 0.107% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.141% in total (about -7.4% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid DOGE0.10040.0538pay 0.0067% / 1h2m 49s$114.6M$85.1M10x
ShortAster DOGEUSDT0.10020.0100get 0.0100% / 8h1h 02m$4.9M$44.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$91.9
Price spread: −0.147% → −0.041%
−$10.68
Slippage, 4 orders
−$6.54
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$126.12
Costs to cover
0.235%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Aster: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 11 min ago0.50 bp7.9 bp −$89.4 bp −$94doesn't fitdoesn't fit
Sell Aster live order book, 1 min ago1.00 bp5.0 bp −$55.4 bp −$5412.8 bp −$1,277doesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0256%8h0.1001−0.219%$152.9M$266.8M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1003−0.088%$414K$4.7M2.8xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.1002−0.118%$607K$109K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S −0.0001%1h0.1002−0.167%$32K150xas long as short
dYdX DOGE-USD+0.0057%1h0.1003−0.099%$225K$44K10xas long as short
Phoenix DOGE+0.0081%1h0.1004+0.027%$66K$222K10xas long as short
Lighter DOGE+0.0096%1h0.1003−0.095%$790K$5.4M15xas long as short
Katana Perps DOGE-USD+0.0097%8h0.1002−0.130%$837$374K10xas long as short
Gate DOGE_USDT+0.0098%8h0.1001−0.219%$241.1M$125.5M75xas long as short
Nado DOGE-PERP+0.0100%1h0.1001−0.224%$570K$864K10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDTshort+0.0100%8h0.1002−0.147%$4.9M$44.2M75x
Pacifica DOGE+0.0100%1h0.1003−0.019%$335K$504K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1002−0.154%$318.8M$1.33B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1002−0.179%$159.2M$422.6M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1002−0.139%$109.2M$933.3M50xas long as short
Arcus DOGE-USD+0.0100%1h0.1004+0.050%$28K$77K10xas long as short
Bulk DOGE-USD+0.0100%1h0.1003−0.078%$384K$12K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.1002−0.169%$111.2M$218.5M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1002−0.169%$66.0M$41.2M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1002−0.189%$3.4Mas long as short
Variational Omni DOGE+0.0100%8h0.1003−0.018%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1002−0.139%$277K$116.8M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1002−0.139%$638K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1003−0.060%$147K$245K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1001−0.219%$263K$546K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1002−0.139%$73K$432K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1002−0.148%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1003−0.077%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1002−0.130%$2K$3.6M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1003−0.015%$6.0M$50.7M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1002−0.120%$92.8M$19.2M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1004+0.012%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1002−0.184%$554K$3.6M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1002−0.144%$19K3xas long as short
Reya DOGERUSDPERP+0.0177%1h0.1002−0.179%$2K20xas long as short
01 Exchange DOGEUSD+0.0192%1h0.1003−0.093%$529$4K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0216%1h0.1002−0.120%$2.0M$23.7M50xas long as short
BloFin DOGE-USDT+0.0220%8h0.1002−0.139%$15.3M$25.0M75xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0245% / S −0.0209%1h0.1002−0.172%$344K200xas long as short
Kraken Futures PF_DOGEUSD+0.0364%1h0.1002−0.145%$6.0M$32.9M50xas long as short
Backpack DOGE_USDC_PERP+0.0411%1h0.1003−0.100%$535K$959K15xas long as short
Hyperliquid DOGElong+0.0538%1h0.1004long leg$114.6M$85.1M10x
RISEx DOGE/USDC+0.0702%1h0.1003−0.035%$314K$476K10xas long as short
Injective DOGE/USDC PERP+0.0966%1h0.1006+0.239%$5K$239K12xas long as short