Funding you earn now, next payment 03:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.109%
Price spread now: Kraken Futures against Hyperliquid−0.100%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$340.336% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now −0.100%, 7d avg −0.056%
=Together, before fees−0.234%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.044% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid DOGE | 0.1002 | 0.0434 | pay 0.0054% / 1h | 42m 18s | $122.2M | $100.0M | 10x |
| Short | Kraken Futures PF_DOGEUSD | 0.1001 | 0.0306 | get 0.0038% / 1h | 42m 18s | $5.7M | $35.1M | 50x |
Hyperliquid DOGE
Kraken Futures PF_DOGEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$26.92
- Price spread: −0.100% → −0.056%
- −$4.35
- Slippage, 4 orders
- −$14.6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$64.87
- Costs to cover
- 0.336%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Kraken Futures: live order book, 2 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, 12 min ago | 0.05 bp | 6.3 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 2.00 bp | 10.2 bp −$10 | 14.4 bp −$144 | 29.4 bp −$2,941 | 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 | −0.0093% | 8h | 0.09998 | −0.190% | $151.5M | $273.7M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1001 | −0.029% | $225K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1002 | +0.038% | $447K | $5.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1000 | −0.160% | $24K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | −0.044% | $813K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.1001 | −0.050% | $979 | $436K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1000 | −0.145% | $533K | $991K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.040% | $4.7M | $48.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1002 | +0.010% | $329K | $484K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.104% | $320.7M | $1.44B | 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 | 0.1000 | −0.140% | $161.0M | $440.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1000 | −0.150% | $111.7M | $989.2M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09995 | −0.222% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1000 | −0.160% | $243.7M | $131.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1000 | −0.140% | $113.5M | $229.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1000 | −0.140% | $66.2M | $43.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1000 | −0.140% | — | $76.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1001 | −0.030% | $330K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09980 | −0.372% | $997K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09984 | −0.328% | $296K | $130.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09971 | −0.456% | $635K | $4.4M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1000 | −0.170% | $256K | $731K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1000 | −0.150% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1000 | −0.167% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | −0.023% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | −0.110% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.002% | $6.0M | $56.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.130% | $92.1M | $16.7M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1000 | −0.151% | $555K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1000 | −0.151% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1002 | −0.018% | $18K | $6K | 30x | as long as short |
| ApeX Omni DOGEUSDT | +0.0146% | 1h | 0.09990 | −0.270% | $146K | $277K | 25x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0150% | 1h | 0.1001 | −0.120% | $598K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0186% | 1h | 0.1000 | −0.153% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.1001 | −0.021% | $534 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1002 | +0.010% | $15.8M | $25.2M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09980 | −0.365% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0267% | 1h | 0.1000 | −0.156% | $311K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.1002 | +0.010% | $2.3M | $26.2M | 50x | as long as short |
| Kraken Futures PF_DOGEUSDshort | +0.0306% | 1h | 0.1001 | −0.100% | $5.7M | $35.1M | 50x | |
| Hyperliquid DOGElong | +0.0434% | 1h | 0.1002 | long leg | $122.2M | $100.0M | 10x | |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.1002 | +0.017% | $403K | $367K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.1003 | +0.080% | $129K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1001 | −0.070% | $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-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
ApeX Omni DOGEUSDT
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP