Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.163%
Price spread now: Deribit against Hyperliquid−0.124%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days−0.320%−$32 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.124%, 7d avg −0.063%
=Together, before fees−0.224%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.061% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid DOGE | 0.09911 | 0.0100 | pay 0.0013% / 1h | 14m 52s | $123.4M | $117.3M | 10x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.09899 | 0.0073 | get 0.0009% / 1h | 14m 52s | $569K | $259K | 25x |
Hyperliquid DOGE
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$5.67
- Price spread: −0.124% → −0.063%
- −$6.07
- Slippage, 4 orders
- −$15.04
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$42.78
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Deribit: live order book, 24 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 | 1.11 bp | 6.4 bp −$6 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 24 min ago | 4.54 bp | 9.0 bp −$9 | 14.4 bp −$144 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0060% | 1h | 0.09898 | −0.133% | $5.5M | $40.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09904 | −0.076% | $579K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09897 | −0.139% | $35K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0003% | 1h | 0.09902 | −0.087% | $222K | $63K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0004% | 8h | 0.09896 | −0.152% | $140.2M | $347.9M | 75x | as long as short |
| Polymarket Perps DOGE-USD | +0.0028% | 1h | 0.09890 | −0.209% | $257K | $1.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.245% | $6K | $242K | 12x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0073% | 1h | 0.09899 | −0.124% | $569K | $259K | 25x | |
| Lighter DOGE | +0.0096% | 1h | 0.09904 | −0.067% | $826K | $6.9M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09892 | −0.198% | $535K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Polymarket Perps DOGE-USD
Injective DOGE/USDC PERP
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGElong | +0.0100% | 1h | 0.09911 | long leg | $123.4M | $117.3M | 10x | |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09903 | −0.085% | $5.0M | $59.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09904 | −0.076% | $321K | $509K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09905 | −0.063% | $327.3M | $1.73B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09899 | −0.122% | $163.6M | $526.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09904 | −0.072% | $115.0M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09901 | −0.102% | $16K | $311K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09918 | +0.073% | $379K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09900 | −0.112% | $249.5M | $158.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09905 | −0.062% | $116.9M | $259.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09903 | −0.082% | $66.0M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09902 | −0.092% | — | $57.9M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09899 | −0.122% | $301K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09901 | −0.102% | $1.0M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | +0.017% | $302K | $140.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09916 | +0.049% | $628K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09920 | +0.090% | $142K | $346K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09897 | −0.142% | $71K | $473K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09911 | +0.002% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09911 | +0.003% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09897 | −0.142% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09898 | −0.128% | $5.8M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09896 | −0.152% | $90.5M | $16.8M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09901 | −0.100% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09899 | −0.125% | $485K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09898 | −0.136% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0106% | 8h | 0.09898 | −0.132% | $827 | $542K | 10x | as long as short |
| Phoenix DOGE | +0.0160% | 1h | 0.09922 | +0.109% | $18K | $382K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0200% | 1h | 0.09890 | −0.208% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09909 | −0.021% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09905 | −0.062% | $15.4M | $26.9M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0235% | 1h | 0.09897 | −0.140% | $281K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09917 | +0.060% | $441 | $4K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0731% | 1h | 0.09907 | −0.039% | $398K | $461K | 10x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Katana Perps DOGE-USD
Phoenix DOGE
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
RISEx DOGE/USDC