Funding you earn now, next payment 22:00 UTC−0.0373%/8h= −40.8% APRpaid last 24h −0.105%
Price spread now: MEXC against Hyperliquid−0.011%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.011%, 7d avg −0.037%
=Together, before fees−0.138%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.026% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.135% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% 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 | 0.09838 | 0.0473 | pay 0.0059% / 1h | 38m 58s | $109.5M | $78.1M | 10x |
| Short | MEXC DOGE_USDT | 0.09837 | 0.0100 | get 0.0100% / 8h | 2h 38m | $119.5M | $214.1M | 300x |
Hyperliquid DOGE
MEXC DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$78.28
- Price spread: −0.011% → −0.037%
- $2.59
- Slippage, 4 orders
- −$5.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$89.81
- Costs to cover
- 0.141%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago | 1.56 bp | 7.1 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.50 bp | 0.5 bp −$1 | 2.6 bp −$26 | 9.3 bp −$931 | 40.2 bp −$20.1K |
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 | −0.0279% | 8h | 0.09834 | −0.042% | $151.1M | $259.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09819 | −0.193% | $354K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09823 | −0.157% | $614K | $88K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09817 | −0.214% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0061% | 8h | 0.09831 | −0.072% | $233.7M | $118.8M | 75x | as long as short |
| dYdX DOGE-USD | +0.0062% | 1h | 0.09826 | −0.120% | $221K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09899 | +0.619% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09820 | −0.184% | $820 | $334K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09828 | −0.106% | $780K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09814 | −0.245% | $623K | $695K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
dYdX DOGE-USD
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
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 | 0.09834 | −0.043% | $4.9M | $40.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09845 | +0.066% | $335K | $505K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09843 | +0.052% | $314.8M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09839 | +0.009% | $156.2M | $396.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09844 | +0.060% | $106.9M | $880.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09815 | −0.235% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09919 | +0.821% | $380K | $19K | 10x | as long as short |
| MEXC DOGE_USDTshort | +0.0100% | 8h | 0.09837 | −0.011% | $119.5M | $214.1M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09839 | +0.009% | $64.8M | $39.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09830 | −0.082% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09888 | +0.503% | $934K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09898 | +0.612% | $263K | $111.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09895 | +0.576% | $629K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09890 | +0.528% | $141K | $223K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09810 | −0.287% | $271K | $546K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09823 | −0.153% | $56K | $380K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09820 | −0.186% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09824 | −0.139% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09823 | −0.153% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09819 | −0.195% | $5.9M | $46.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09826 | −0.123% | $91.2M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09821 | −0.169% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09834 | −0.037% | $545K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09823 | −0.150% | $19K | — | 3x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0158% | 1h | 0.09829 | −0.092% | $520K | $906K | 15x | as long as short |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09819 | −0.195% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09821 | −0.174% | $15.1M | $23.5M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09810 | −0.281% | $518 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09824 | −0.143% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0242% / S −0.0263% | 1h | 0.09818 | −0.207% | $303K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0291% | 1h | 0.09822 | −0.164% | $6.1M | $31.5M | 50x | as long as short |
| Hyperliquid DOGElong | +0.0473% | 1h | 0.09838 | long leg | $109.5M | $78.1M | 10x | |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09816 | −0.230% | $309K | $469K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09930 | +0.934% | $5K | $153K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Backpack DOGE_USDC_PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Injective DOGE/USDC PERP