Funding you earn now, next payment 00:00 UTC−0.0573%/8h= −62.8% APRnext payment −$0.72 per $10,000 · paid last 24h −0.066%
Price spread now: GMX against Hyperliquid−0.250%7-day average −0.034% · 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)+0.027%+$3 on $10k
+Price spread, last 3 days (all we have)+0.255%+$25 · spread now −0.250%, 7d avg −0.034%
=Together, before fees+0.281%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and GMX is 0.215% cheaper against Hyperliquid than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.027% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.72 per $10,000. 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 | 0.09929 | 0.0835 | pay 0.0104% / 1h | 10m 03s | $116.0M | $90.2M | 10x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.09904 | L +0.0243% / S −0.0262% | get 0.0033% / 1h | 10m 03s | $304K | — | 200x |
Hyperliquid DOGE
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$120.36
- Price spread: −0.250% → −0.034%
- −$21.54
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$162.9
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; GMX: 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, 4 min ago | 0.05 bp | 5.8 bp −$6 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | −0.0221% | 8h | 0.09912 | −0.171% | $151.3M | $270.2M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09913 | −0.159% | $394K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09909 | −0.203% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0022% | 1h | 0.09917 | −0.116% | $596K | $121K | 25x | as long as short |
| dYdX DOGE-USD | +0.0059% | 1h | 0.09910 | −0.191% | $222K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0070% | 8h | 0.09914 | −0.151% | $241.0M | $128.7M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09917 | −0.123% | $782K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09916 | −0.131% | $958 | $391K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09915 | −0.143% | $4.8M | $45.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09917 | −0.125% | $330K | $510K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09913 | −0.161% | $314.4M | $1.38B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09912 | −0.171% | $155.8M | $434.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09915 | −0.141% | $108.7M | $947.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09925 | −0.040% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09964 | +0.348% | $382K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09920 | −0.091% | $111.1M | $222.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09919 | −0.101% | $65.5M | $42.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09918 | −0.111% | — | $75.9M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09894 | −0.352% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09919 | −0.103% | $256K | $120.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09915 | −0.137% | $634K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09920 | −0.091% | $146K | $251K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09906 | −0.232% | $508K | $976K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09908 | −0.207% | $255K | $555K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09915 | −0.141% | $72K | $448K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09913 | −0.157% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09909 | −0.205% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09915 | −0.141% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09912 | −0.173% | $5.9M | $52.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09916 | −0.131% | $91.6M | $19.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09921 | −0.076% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09914 | −0.155% | $520K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09914 | −0.146% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0106% | 1h | 0.09912 | −0.167% | $5.9M | $33.6M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09903 | −0.262% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09893 | −0.363% | $15.2M | $25.1M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09927 | −0.025% | $524 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.09920 | −0.093% | $66K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09919 | −0.101% | $2.0M | $24.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0243% / S −0.0262% | 1h | 0.09904 | −0.250% | $304K | — | 200x | |
| Backpack DOGE_USDC_PERP | +0.0325% | 1h | 0.09921 | −0.081% | $387K | $1.1M | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09928 | −0.010% | $315K | $477K | 10x | as long as short |
| Hyperliquid DOGElong | +0.0835% | 1h | 0.09929 | long leg | $116.0M | $90.2M | 10x | |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.09980 | +0.514% | $5K | $239K | 12x | as long as short |
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
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
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP