Funding you earn now, next payment 02:00 UTC−0.0606%/8h= −66.3% APRnext payment −$0.76 per $10,000 · paid last 24h −0.131%
Price spread now: Pacifica against Hyperliquid−0.123%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.123%, 7d avg −0.055%
=Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Pacifica is 0.068% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 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 | 0.09998 | 0.0706 | pay 0.0088% / 1h | 11m 31s | $122.6M | $98.3M | 10x |
| Short | Pacifica DOGE | 0.09986 | 0.0100 | get 0.0013% / 1h | 11m 31s | $328K | $503K | 20x |
Hyperliquid DOGE
Pacifica DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$127.2
- Price spread: −0.123% → −0.055%
- −$6.78
- Slippage, 4 orders
- −$9.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$160.73
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Pacifica: live order book, 57 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 | 0.45 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 57 min ago | 2.48 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
DOGE on 43 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 | −0.0099% | 8h | 0.09970 | −0.280% | $151.1M | $273.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09966 | −0.320% | $390K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09991 | −0.069% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0012% | 1h | 0.09980 | −0.180% | $224K | $49K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0066% | 1h | 0.1000 | +0.049% | $5.8M | $34.2M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09992 | −0.064% | $823K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09977 | −0.210% | $1K | $428K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09983 | −0.150% | $535K | $991K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09988 | −0.098% | $4.7M | $48.2M | 75x | as long as short |
| Pacifica DOGEshort | +0.0100% | 1h | 0.09986 | −0.123% | $328K | $503K | 20x |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09982 | −0.161% | $316.7M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09980 | −0.180% | $158.3M | $440.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09980 | −0.180% | $110.7M | $983.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09995 | −0.030% | $128K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09945 | −0.534% | $381K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09979 | −0.190% | $241.9M | $132.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09980 | −0.180% | $113.4M | $231.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09982 | −0.160% | $66.0M | $43.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09980 | −0.180% | — | $76.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09999 | +0.010% | $344K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09935 | −0.634% | $991K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09925 | −0.732% | $280K | $129.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09962 | −0.365% | $627K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09960 | −0.380% | $145K | $271K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09984 | −0.140% | $257K | $643K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09996 | −0.020% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09993 | −0.047% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09996 | −0.023% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | +0.090% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09995 | −0.030% | $5.9M | $55.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09999 | +0.010% | $92.1M | $16.8M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09976 | −0.215% | $561K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09999 | +0.005% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0108% | 8h | 0.09980 | −0.178% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0185% | 1h | 0.09989 | −0.088% | $2K | — | 20x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0210% | 1h | 0.09997 | −0.011% | $597K | $118K | 25x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09989 | −0.090% | $532 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1001 | +0.110% | $2.0M | $25.3M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09938 | −0.603% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09990 | −0.082% | $311K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09989 | −0.095% | $402K | $367K | 10x | as long as short |
| Hyperliquid DOGElong | +0.0706% | 1h | 0.09998 | long leg | $122.6M | $98.3M | 10x | |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09970 | −0.280% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
Deribit DOGE_USDC-PERPETUAL
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Injective DOGE/USDC PERP