Funding you earn now, next payment 23:00 UTC−0.0442%/8h= −48.4% APRpaid last 24h −0.108%
Price spread now: Bybit against Hyperliquid−0.254%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 7 days+0.233%+$23 · spread now −0.254%, 7d avg −0.049%
=Together, before fees+0.045%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 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 Bybit is 0.205% cheaper against Hyperliquid than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.188% in total (about -9.8% 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 | Hyperliquid DOGE | 0.1003 | 0.0542 | pay 0.0068% / 1h | 1m 35s | $114.6M | $85.1M | 10x |
| Short | Bybit DOGEUSDT | 0.1001 | 0.0100 | get 0.0100% / 8h | 1h 01m | $158.9M | $422.7M | 75x |
Hyperliquid DOGE
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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
- −$92.86
- Price spread: −0.254% → −0.049%
- −$20.47
- Slippage, 4 orders
- −$6.97
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$140.3
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Bybit: live order book, 3 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, 12 min ago | 0.50 bp | 7.9 bp −$8 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.50 bp | 6.8 bp −$7 | 8.8 bp −$88 | 20.2 bp −$2,025 | 39.8 bp −$19.9K |
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 | −0.0255% | 8h | 0.1000 | −0.304% | $152.8M | $266.8M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1002 | −0.084% | $414K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1002 | −0.133% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0061% | 1h | 0.1001 | −0.198% | $225K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1004 | +0.062% | $66K | $222K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1002 | −0.086% | $789K | $5.4M | 15x | as long as short |
| Gate DOGE_USDT | +0.0096% | 8h | 0.1001 | −0.244% | $241.0M | $125.6M | 75x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1001 | −0.194% | $836 | $374K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0099% | 1h | 0.1002 | −0.126% | $607K | $109K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1001 | −0.249% | $570K | $864K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Lighter DOGE
Gate DOGE_USDT
Katana Perps DOGE-USD
Deribit DOGE_USDC-PERPETUAL
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 | 0.1001 | −0.184% | $5.0M | $44.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1002 | −0.151% | $334K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.224% | $318.4M | $1.33B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.1001 | −0.254% | $158.9M | $422.7M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1001 | −0.224% | $109.1M | $932.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1002 | −0.135% | $28K | $77K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | −0.043% | $384K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | −0.194% | $116.3M | $220.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | −0.194% | $66.1M | $41.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1001 | −0.184% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1003 | +0.016% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1003 | −0.057% | $277K | $116.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1002 | −0.105% | $638K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1003 | −0.025% | $147K | $246K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1001 | −0.194% | $263K | $546K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | −0.164% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | −0.167% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1002 | −0.103% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1002 | −0.145% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.072% | $6.0M | $50.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.154% | $92.8M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1002 | −0.171% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1001 | −0.254% | $554K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1002 | −0.168% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0177% | 1h | 0.1002 | −0.119% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1002 | −0.142% | $529 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1002 | −0.095% | $2.0M | $23.7M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1002 | −0.105% | $15.3M | $25.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0209% | 1h | 0.1002 | −0.149% | $344K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0364% | 1h | 0.1002 | −0.150% | $6.0M | $32.9M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0411% | 1h | 0.1002 | −0.085% | $535K | $959K | 15x | as long as short |
| Hyperliquid DOGElong | +0.0542% | 1h | 0.1003 | long leg | $114.6M | $85.1M | 10x | |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1002 | −0.150% | $314K | $476K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1006 | +0.274% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP