Funding you earn now, next payment 22:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.105%
Price spread now: edgeX against Hyperliquid+0.376%106s7-day average −0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$250.247% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days−0.408%−$41 · spread now +0.376%, 7d avg −0.082%
=Together, before fees−0.486%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.459% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.376% now, against its 7-day average of −0.082%): +$46 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 7 days (−0.078% in total) that is about 41 days. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.0% 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 | 0.09940 | 0.0408 | pay 0.0051% / 1h | 15m 50s | $109.6M | $79.3M | 10x |
| Short | edgeX DOGEUSDC | 0.09977 | 0.0100 | get 0.0050% / 4h | 2h 15m | $265K | $112.7M | 20x |
Hyperliquid DOGE
edgeX DOGEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$64.62
- Price spread: +0.376% → −0.082%
- $45.87
- Slippage, 4 orders
- −$6.69
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$43.44
- Costs to cover
- 0.247%
- Break-even
- from the start
Slippage from Hyperliquid: live order book, 8 min ago; edgeX: 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, 8 min ago | 0.05 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 0.50 bp | 7.9 bp −$8 | 8.4 bp −$84 | 15.6 bp −$1,556 | 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 | −0.0280% | 8h | 0.09918 | −0.220% | $152.0M | $261.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09926 | −0.142% | $368K | $4.4M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09915 | −0.247% | $620K | $106K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09912 | −0.283% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0070% | 8h | 0.09923 | −0.170% | $236.4M | $120.5M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09978 | +0.380% | $15K | $225K | 10x | as long as short |
| dYdX DOGE-USD | +0.0093% | 1h | 0.09921 | −0.186% | $223K | $44K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09921 | −0.190% | $840 | $344K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09934 | −0.060% | $781K | $5.1M | 15x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09921 | −0.194% | $4.8M | $40.6M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Phoenix DOGE
dYdX DOGE-USD
Katana Perps DOGE-USD
Lighter DOGE
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09928 | −0.116% | $335K | $495K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09926 | −0.138% | $314.5M | $1.27B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09924 | −0.160% | $158.3M | $399.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09931 | −0.090% | $108.6M | $892.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09926 | −0.140% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09975 | +0.353% | $382K | $15K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09923 | −0.170% | $112.4M | $219.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09919 | −0.210% | $65.0M | $39.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09928 | −0.120% | — | $73.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09967 | +0.272% | $937K | $7.8M | — | as long as short |
| edgeX DOGEUSDCshort | +0.0100% | 4h | 0.09977 | +0.376% | $265K | $112.7M | 20x | |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09962 | +0.222% | $626K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09970 | +0.303% | $142K | $224K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09918 | −0.215% | $628K | $698K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09914 | −0.257% | $271K | $529K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09915 | −0.251% | $57K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09913 | −0.272% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09929 | −0.112% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09914 | −0.261% | $2K | $3.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09912 | −0.278% | $6.0M | $47.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09915 | −0.251% | $92.0M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09924 | −0.156% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09917 | −0.233% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09916 | −0.240% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0168% | 1h | 0.09922 | −0.176% | $524 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09911 | −0.287% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09937 | −0.029% | $15.1M | $23.9M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09912 | −0.281% | $2.0M | $22.5M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0247% | 1h | 0.09911 | −0.286% | $317K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0249% | 1h | 0.09921 | −0.190% | $524K | $931K | 15x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0288% | 1h | 0.09913 | −0.266% | $6.0M | $31.8M | 50x | as long as short |
| Hyperliquid DOGElong | +0.0408% | 1h | 0.09940 | long leg | $109.6M | $79.3M | 10x | |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09928 | −0.120% | $311K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09980 | +0.403% | $5K | $180K | 12x | as long as short |
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
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Nado DOGE-PERP
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
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Injective DOGE/USDC PERP