Funding you earn now, next payment 00:00 UTC−0.0736%/8h= −80.6% APRnext payment −$0.92 per $10,000 · paid last 24h −0.114%
Price spread now: Polymarket Perps against Hyperliquid−0.127%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days−0.467%−$47 on $10k
+Price spread, last 3 days (all we have)+0.190%+$19 · spread now −0.127%, 7d avg −0.075%
=Together, before fees−0.276%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Polymarket Perps is 0.052% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.075%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.467% in total (about -24.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 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 | 0.09907 | 0.0836 | pay 0.0105% / 1h | 10m 59s | $115.8M | $90.2M | 10x |
| Short | Polymarket Perps DOGE-USD | 0.09894 | 0.0100 | get 0.0013% / 1h | 10m 59s | $254K | $555K | 10x |
Hyperliquid DOGE
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$154.62
- Price spread: −0.127% → −0.075%
- −$5.18
- Slippage, 4 orders
- −$10.12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$186.91
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 13 min ago; Polymarket Perps: 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, 13 min ago | 0.25 bp | 6.8 bp −$7 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 3.03 bp | 7.0 bp −$7 | 7.2 bp −$72 | 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 | −0.0222% | 8h | 0.09905 | −0.016% | $151.2M | $270.2M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09896 | −0.102% | $387K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09895 | −0.114% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0003% | 1h | 0.09899 | −0.079% | $595K | $121K | 25x | as long as short |
| dYdX DOGE-USD | +0.0060% | 1h | 0.09896 | −0.104% | $222K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0070% | 8h | 0.09890 | −0.168% | $240.7M | $128.6M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09900 | −0.071% | $783K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09898 | −0.087% | $2K | $391K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09903 | −0.036% | $507K | $975K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09896 | −0.104% | $4.8M | $45.9M | 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 | 0.09902 | −0.051% | $330K | $510K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09909 | +0.024% | $314.1M | $1.38B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09911 | +0.044% | $155.8M | $434.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09913 | +0.065% | $108.4M | $947.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09905 | −0.016% | $31K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09964 | +0.575% | $382K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09912 | +0.055% | $110.6M | $222.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09895 | −0.117% | $65.2M | $42.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09895 | −0.117% | — | $75.9M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09894 | −0.127% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09919 | +0.123% | $256K | $120.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09915 | +0.089% | $634K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09920 | +0.135% | $146K | $251K | 25x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0100% | 1h | 0.09894 | −0.127% | $254K | $555K | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09896 | −0.107% | $72K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09893 | −0.135% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09901 | −0.060% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09896 | −0.107% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09896 | −0.102% | $5.9M | $52.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09894 | −0.127% | $91.4M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09897 | −0.096% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09909 | +0.025% | $520K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09895 | −0.113% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0106% | 1h | 0.09892 | −0.148% | $5.9M | $33.6M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09898 | −0.087% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09893 | −0.137% | $15.2M | $25.1M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09906 | −0.004% | $523 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.09920 | +0.133% | $66K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09898 | −0.087% | $2.0M | $24.0M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0262% | 1h | 0.09896 | −0.110% | $304K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0328% | 1h | 0.09899 | −0.077% | $387K | $1.1M | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09905 | −0.018% | $314K | $477K | 10x | as long as short |
| Hyperliquid DOGElong | +0.0836% | 1h | 0.09907 | long leg | $115.8M | $90.2M | 10x | |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.09980 | +0.741% | $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-USDT
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP