Funding you earn now, next payment 03:00 UTC−0.0430%/8h= −47.1% APRpaid last 24h −0.138%
Price spread now: Variational Omni against Hyperliquid−0.775%7-day average −0.067% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.140%−$14 on $10k
+Price spread, last 7 days+0.748%+$75 · spread now −0.775%, 7d avg −0.067%
=Together, before fees+0.608%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$61 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Variational Omni is 0.708% cheaper against Hyperliquid than usual: you would sell low and buy high (−$71 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.140% in total (about -14.9% 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 | 0.1000 | 0.0530 | pay 0.0066% / 1h | 22m 21s | $122.3M | $99.5M | 10x |
| Short | Variational Omni DOGE | 0.09924 | 0.0100 | get 0.0100% / 8h | 5h 22m | $983K | $8.2M | — |
Hyperliquid DOGE
Variational Omni DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$90.37
- Price spread: −0.775% → −0.067%
- −$70.78
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$170.15
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 12 min ago | 0.05 bp | 8.7 bp −$9 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 3.52 bp | doesn't fit | 9.6 bp −$96 | 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 | −0.0083% | 8h | 0.09981 | −0.210% | $151.0M | $273.8M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09982 | −0.200% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09972 | −0.298% | $443K | $5.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09986 | −0.155% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0020% | 1h | 0.09990 | −0.121% | $597K | $118K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09992 | −0.101% | $775K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09987 | −0.150% | $998 | $443K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09987 | −0.150% | $535K | $995K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09988 | −0.141% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09991 | −0.106% | $328K | $483K | 20x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09979 | −0.232% | $319.6M | $1.44B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09974 | −0.280% | $160.8M | $441.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09977 | −0.250% | $111.4M | $988.9M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09940 | −0.619% | $381K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09985 | −0.170% | $244.5M | $133.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09977 | −0.250% | $112.1M | $231.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09989 | −0.130% | $66.1M | $43.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09988 | −0.140% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09952 | −0.500% | $328K | $1.1M | 15x | as long as short |
| Variational Omni DOGEshort | +0.0100% | 8h | 0.09924 | −0.775% | $983K | $8.2M | — | |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09938 | −0.639% | $295K | $128.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09917 | −0.850% | $629K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | −0.620% | $144K | $279K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09984 | −0.177% | $254K | $734K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09990 | −0.120% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09986 | −0.160% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09994 | −0.081% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09987 | −0.150% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09984 | −0.179% | $5.9M | $56.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09977 | −0.250% | $91.8M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.09992 | −0.101% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09985 | −0.166% | $501K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09989 | −0.134% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0187% | 1h | 0.09986 | −0.163% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09995 | −0.067% | $533 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09958 | −0.440% | $15.7M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09946 | −0.560% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09986 | −0.160% | $312K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09994 | −0.080% | $2.3M | $26.3M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0306% | 1h | 0.09985 | −0.169% | $5.8M | $35.2M | 50x | as long as short |
| Hyperliquid DOGElong | +0.0530% | 1h | 0.1000 | long leg | $122.3M | $99.5M | 10x | |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09997 | −0.050% | $402K | $366K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.1000 | +0.010% | $129K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.09980 | −0.220% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP