Funding you earn now, next payment 00:00 UTC−0.0806%/8h= −88.2% APRpaid last 24h −0.121%
Price spread now: Orderly against Hyperliquid−0.149%7-day average −0.076% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 3 days (all we have)+0.099%+$10 · spread now −0.149%, 7d avg −0.076%
=Together, before fees−0.084%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Orderly is 0.073% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.076%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.6% 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 | 0.1004 | 0.0906 | pay 0.0113% / 1h | 34m 15s | $117.7M | $88.7M | 10x |
| Short | Orderly PERP_DOGE_USDC | 0.1002 | 0.0100 | get 0.0100% / 8h | 34m 15s | $73K | $433K | 50x |
Hyperliquid DOGE
Orderly PERP_DOGE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$169.24
- Price spread: −0.149% → −0.076%
- −$7.3
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$191.54
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Orderly: 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, 10 min ago | 0.49 bp | 8.1 bp −$8 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0240% | 8h | 0.1002 | −0.139% | $152.6M | $268.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1004 | +0.005% | $415K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1002 | −0.153% | $23K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0019% | 1h | 0.1003 | −0.123% | $603K | $117K | 25x | as long as short |
| dYdX DOGE-USD | +0.0064% | 1h | 0.1004 | −0.021% | $225K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0077% | 8h | 0.1003 | −0.120% | $241.7M | $126.9M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | −0.035% | $794K | $5.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1002 | −0.149% | $2K | $389K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1002 | −0.134% | $540K | $961K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.122% | $5.0M | $45.6M | 75x | 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
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1004 | −0.026% | $334K | $509K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.060% | $319.6M | $1.36B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.070% | $158.0M | $430.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1003 | −0.050% | $109.0M | $948.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1003 | −0.060% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1008 | +0.418% | $386K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1003 | −0.070% | $111.6M | $220.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1002 | −0.139% | $65.9M | $41.9M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1003 | −0.100% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | +0.262% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1007 | +0.318% | $276K | $118.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1007 | +0.319% | $636K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1007 | +0.319% | $148K | $250K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1002 | −0.179% | $258K | $556K | 10x | as long as short |
| Orderly PERP_DOGE_USDCshort | +0.0100% | 8h | 0.1002 | −0.149% | $73K | $433K | 50x | |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | −0.160% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.101% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1002 | −0.139% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.097% | $6.0M | $51.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.070% | $92.8M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1003 | −0.099% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1002 | −0.160% | $528K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1002 | −0.144% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0104% | 1h | 0.1002 | −0.142% | $6.0M | $33.3M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0179% | 1h | 0.1002 | −0.151% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1005 | +0.139% | $15.5M | $25.4M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1009 | +0.476% | $67K | $281K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1003 | −0.075% | $530 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1004 | 0.000% | $2.0M | $24.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0271% | 1h | 0.1002 | −0.166% | $314K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0394% | 1h | 0.1004 | −0.020% | $536K | $965K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1003 | −0.040% | $314K | $475K | 10x | as long as short |
| Hyperliquid DOGElong | +0.0906% | 1h | 0.1004 | long leg | $117.7M | $88.7M | 10x | |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1012 | +0.817% | $5K | $239K | 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-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
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
Phoenix DOGE
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP