Funding you earn now, next payment 03:00 UTC−0.0315%/8h= −34.5% APRnext payment −$0.39 per $10,000 · paid last 24h −0.142%
Price spread now: Derive against Hyperliquid−0.233%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Derive is 0.233% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid DOGE | 0.1001 | 0.0415 | pay 0.0052% / 1h | 45m 29s | $122.0M | $99.9M | 10x |
| Short | Derive DOGE-PERP | 0.09984 | 0.0100 | get 0.0013% / 1h | 45m 29s | $24K | $1K | 10x |
Hyperliquid DOGE
Derive DOGE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$66.13
- Price spread: −0.233% → 0.000%
- −$23.26
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$104.39
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Derive: no order-book sample. Net counts fees only.
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, 8 min ago | 0.05 bp | 6.3 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0093% | 8h | 0.09987 | −0.200% | $151.2M | $274.0M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09980 | −0.269% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09980 | −0.272% | $445K | $5.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09981 | −0.262% | $24K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09988 | −0.188% | $815K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09996 | −0.110% | $836 | $434K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09996 | −0.110% | $533K | $991K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09969 | −0.380% | $4.7M | $48.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09982 | −0.253% | $328K | $484K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09995 | −0.115% | $320.6M | $1.43B | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09995 | −0.120% | $160.4M | $440.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09998 | −0.090% | $111.3M | $987.9M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09995 | −0.122% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09990 | −0.170% | $243.0M | $131.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09991 | −0.160% | $113.5M | $229.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09998 | −0.090% | $66.1M | $43.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09979 | −0.280% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09974 | −0.330% | $329K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09980 | −0.272% | $997K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09977 | −0.298% | $296K | $129.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09971 | −0.356% | $635K | $4.4M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09991 | −0.160% | $256K | $731K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09984 | −0.230% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERPshort | +0.0100% | 1h | 0.09984 | −0.233% | $24K | $1K | 10x | |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09987 | −0.203% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09973 | −0.340% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09979 | −0.275% | $5.9M | $56.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09971 | −0.360% | $91.8M | $16.8M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09992 | −0.151% | $558K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09983 | −0.235% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0105% | 8h | 0.09991 | −0.163% | $18K | $6K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0121% | 1h | 0.09988 | −0.191% | $597K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0186% | 1h | 0.09994 | −0.133% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.1000 | −0.046% | $533 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09976 | −0.310% | — | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1000 | −0.038% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0267% | 1h | 0.09983 | −0.244% | $311K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09989 | −0.180% | $2.3M | $26.0M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0307% | 1h | 0.09970 | −0.369% | $5.7M | $35.0M | 50x | as long as short |
| ApeX Omni DOGEUSDT | +0.0405% | 1h | 0.09980 | −0.270% | $146K | $276K | 25x | as long as short |
| Hyperliquid DOGElong | +0.0415% | 1h | 0.1001 | long leg | $122.0M | $99.9M | 10x | |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.1000 | −0.051% | $403K | $367K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.1001 | +0.010% | $129K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1003 | +0.230% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
ApeX Omni DOGEUSDT
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP