Funding you earn now, next payment 23:00 UTC+0.0417%/8h= +45.6% APRnext payment +$0.52 per $10,000 · paid last 24h +0.092%
Price spread now: Injective against Hyperliquid+0.090%73s7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs+$56as 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−$840.837% of the position
Funding, last 7 days+1.394%+$139 on $10k
+Price spread, last 3 days (all we have)−0.231%−$23 · spread now +0.090%, 7d avg +0.123%
=Together, before fees+1.162%+ Points / potential airdropHyperliquid: Season 2 · farm board+$116 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.034% cheaper against Hyperliquid than usual: you would sell low and buy high (spread +0.090% now, against its 7-day average of +0.123%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$13 a day). The two prices were read 73 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 | 0.1005 | 0.0549 | pay 0.0069% / 1h | 0m 08s | $114.8M | $85.2M | 10x |
| Short | Injective DOGE/USDC PERP | 0.1006 | 0.0966 | get 0.0121% / 1h | 0m 08s | $5K | $239K | 12x |
Hyperliquid DOGE
Injective DOGE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $87.54
- Price spread: +0.090% → +0.123%
- −$3.39
- Slippage, 4 orders
- −$74.69
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $0.44
- Costs to cover
- 0.837%
- Break-even
- 7.0 days
Slippage from Hyperliquid: live order book, 4 min ago; Injective: live order book, 19 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, 4 min ago | 0.50 bp | 9.0 bp −$9 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Injective live order book, 19 min ago | 34.84 bp | 34.9 bp −$35 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0254% | 8h | 0.1003 | −0.229% | $153.2M | $267.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1002 | −0.278% | $415K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1004 | −0.108% | $32K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0009% | 1h | 0.1004 | −0.126% | $608K | $109K | 25x | as long as short |
| dYdX DOGE-USD | +0.0067% | 1h | 0.1003 | −0.221% | $225K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1004 | −0.122% | $66K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0095% | 8h | 0.1003 | −0.179% | $241.7M | $125.6M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1004 | −0.102% | $791K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1004 | −0.099% | $1K | $375K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1004 | −0.139% | $573K | $865K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USD
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 | 0.1004 | −0.100% | $5.0M | $44.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1004 | −0.119% | $335K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.139% | $319.3M | $1.33B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.169% | $159.4M | $423.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1004 | −0.139% | $109.7M | $935.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1005 | −0.040% | $28K | $77K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1004 | −0.147% | $385K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1004 | −0.149% | $116.5M | $220.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1004 | −0.149% | $66.2M | $41.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1004 | −0.149% | — | $74.8M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1001 | −0.446% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1003 | −0.241% | $277K | $116.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1002 | −0.289% | $638K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1003 | −0.209% | $147K | $246K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1004 | −0.129% | $264K | $546K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1004 | −0.119% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1004 | −0.113% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1005 | −0.056% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1004 | −0.139% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1004 | −0.120% | $6.0M | $50.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.149% | $92.9M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1003 | −0.162% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1003 | −0.174% | $554K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1004 | −0.144% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1004 | −0.115% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1005 | −0.036% | $531 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1004 | −0.099% | $2.0M | $23.8M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | −0.388% | $15.3M | $24.9M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0209% | 1h | 0.1004 | −0.115% | $345K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0363% | 1h | 0.1003 | −0.171% | $6.0M | $32.9M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0413% | 1h | 0.1004 | −0.080% | $536K | $959K | 15x | as long as short |
| Hyperliquid DOGElong | +0.0549% | 1h | 0.1005 | long leg | $114.8M | $85.2M | 10x | |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1005 | −0.020% | $315K | $475K | 10x | as long as short |
| Injective DOGE/USDC PERPshort | +0.0966% | 1h | 0.1006 | +0.090% | $5K | $239K | 12x |
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC