Funding you earn now, next payment 22:00 UTC−0.0229%/8h= −25.1% APRnext payment −$0.29 per $10,000 · paid last 24h −0.091%
Price spread now: Coinbase International against Hyperliquid+0.079%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.079%, 7d avg −0.043%
=Together, before fees−0.324%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.122% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.043%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.189% in total) that is about 4.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid DOGE | 0.1007 | 0.0445 | pay 0.0056% / 1h | 21m 06s | $111.6M | $82.9M | 10x |
| Short | Coinbase International DOGE-PERP-INTX | 0.1008 | 0.0216 | get 0.0027% / 1h | 21m 06s | $2.0M | $23.7M | 50x |
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$48.12
- Price spread: +0.079% → −0.043%
- $12.2
- Slippage, 4 orders
- −$10.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$65.84
- Costs to cover
- 0.299%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 13 min ago; Coinbase International: 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, 13 min ago | 0.50 bp | 5.0 bp −$5 | 6.9 bp −$69 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 2.49 bp | 10.4 bp −$10 | 15.4 bp −$154 | 42.4 bp −$4,240 | 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 | −0.0263% | 8h | 0.1006 | −0.179% | $153.6M | $266.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1008 | +0.104% | $420K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1007 | −0.005% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0010% | 1h | 0.1009 | +0.110% | $226K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0028% | 1h | 0.1008 | +0.013% | $610K | $109K | 25x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1009 | +0.122% | $67K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0092% | 8h | 0.1006 | −0.109% | $242.4M | $124.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1008 | +0.056% | $794K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1008 | +0.050% | $842 | $371K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1008 | +0.025% | $581K | $856K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.1007 | 0.000% | $5.0M | $43.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1009 | +0.135% | $337K | $508K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1007 | −0.010% | $320.9M | $1.32B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1007 | −0.060% | $159.6M | $421.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1007 | −0.060% | $109.8M | $933.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1009 | +0.119% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09966 | −1.075% | $382K | $14K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1007 | −0.050% | $111.3M | $217.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1007 | −0.010% | $66.2M | $41.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1006 | −0.109% | — | $74.7M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1001 | −0.633% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | −0.523% | $275K | $116.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1003 | −0.399% | $634K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1002 | −0.536% | $146K | $244K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1007 | −0.020% | $269K | $541K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1007 | −0.010% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1007 | −0.009% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1008 | +0.038% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1008 | +0.010% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1008 | +0.060% | $6.0M | $50.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1007 | −0.020% | $93.3M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1008 | +0.061% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1007 | −0.024% | $559K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1008 | +0.015% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0177% | 1h | 0.1007 | −0.004% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.1009 | +0.124% | $533 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0216% | 1h | 0.1008 | +0.079% | $2.0M | $23.7M | 50x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1007 | −0.020% | $15.4M | $25.1M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0270% | 1h | 0.1007 | −0.007% | $315K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0362% | 1h | 0.1007 | +0.002% | $6.0M | $32.8M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0418% | 1h | 0.1007 | −0.050% | $538K | $956K | 15x | as long as short |
| Hyperliquid DOGElong | +0.0445% | 1h | 0.1007 | long leg | $111.6M | $82.9M | 10x | |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1009 | +0.159% | $316K | $476K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1010 | +0.258% | $5K | $207K | 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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP