Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.148%

Price spread now: Binance against Hyperliquid−0.025%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.025%, 7d avg −0.041%

Together, before fees−0.134%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid DOGE	0.09960	0.0100	pay 0.0013% / 1h	5m 13s	$124.3M	$113.5M	10x
Short	Binance DOGEUSDT	0.09958	0.0100	get 0.0100% / 8h	7h 05m	$328.7M	$1.70B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee HyperliquidbpFee BinancebpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.041%: $1.55
Slippage, 4 orders: −$2.46
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.9
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Binance: 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 Hyperliquid live order book, 9 min ago	0.45 bp	5.1 bp −$5	6.4 bp −$64	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.50 bp	5.5 bp −$6	9.0 bp −$90	21.8 bp −$2,178	46.8 bp −$23.4K

DOGE on 43 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	−0.0096%	1h	0.09957	−0.036%	$5.4M	$40.7M	50x	as long as short
Bitget DOGEUSDT	−0.0020%	8h	0.09948	−0.125%	$140.5M	$348.0M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09961	+0.008%	$516K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09968	+0.072%	$33K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0031%	1h	0.09957	−0.037%	$557K	$301K	25x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.718%	$6K	$242K	12x	as long as short
Gate DOGE_USDT	+0.0066%	8h	0.09950	−0.105%	$252.1M	$157.1M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09963	+0.025%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09965	+0.049%	$827K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09959	−0.015%	$832	$544K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09951	−0.095%	$516K	$1.1M	10x	as long as short
Hyperliquid DOGElong	+0.0100%	1h	0.09960	long leg	$124.3M	$113.5M	10x
Aster DOGEUSDT	+0.0100%	8h	0.09957	−0.035%	$5.1M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09962	+0.017%	$324K	$474K	20x	as long as short
Binance DOGEUSDTshort	+0.0100%	8h	0.09958	−0.025%	$328.7M	$1.70B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09953	−0.075%	$166.5M	$521.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09955	−0.055%	$116.8M	$1.18B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09963	+0.025%	$17K	$307K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09946	−0.150%	$380K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09955	−0.055%	$114.4M	$266.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09958	−0.025%	$66.5M	$49.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09956	−0.045%	—	$50.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09954	−0.065%	$304K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09962	+0.014%	$1.1M	$8.3M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09954	−0.065%	$266K	$138.5M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09955	−0.055%	$636K	$4.1M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09960	−0.005%	$142K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09953	−0.070%	$259K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09952	−0.085%	$72K	$451K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09952	−0.086%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09956	−0.045%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09962	+0.016%	$6.0M	$67.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09956	−0.045%	$90.9M	$16.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09961	+0.009%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09950	−0.107%	$483K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09955	−0.057%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0203%	1h	0.09946	−0.143%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09968	+0.075%	$2.2M	$35.4M	50x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09962	+0.012%	$459	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09956	−0.045%	$15.3M	$27.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0304%	1h	0.09967	+0.070%	$360K	—	200x	as long as short
dYdX DOGE-USD	+0.0356%	1h	0.09962	+0.018%	$234K	$72K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09957	−0.032%	$403K	$450K	10x	as long as short