Funding you earn now, next payment 03:00 UTC−0.0543%/8h= −59.4% APRnext payment −$0.68 per $10,000 · paid last 24h −0.066%
Price spread now: Hyperliquid against Injective−0.381%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days−1.371%−$137 on $10k
+Price spread, last 4 days (all we have)+0.628%+$63 · spread now −0.381%, 7d avg −0.122%
=Together, before fees−0.743%+ Points / potential airdropHyperliquid: Season 2 · farm board−$74 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Hyperliquid is 0.258% cheaper against Injective than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.122%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective DOGE/USDC PERP | 0.1001 | 0.1072 | pay 0.0134% / 1h | 19m 04s | $5K | $239K | 12x |
| Short | Hyperliquid DOGE | 0.09972 | 0.0529 | get 0.0066% / 1h | 19m 04s | $121.9M | $99.6M | 10x |
Injective DOGE/USDC PERP
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- −$113.99
- Price spread: −0.381% → −0.122%
- −$25.81
- Slippage, 4 orders
- −$62.17
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$211
- Costs to cover
- 0.712%
- Break-even
- never at this rate
Slippage from Injective: live order book, 45 min ago; Hyperliquid: 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 Injective live order book, 45 min ago | 29.97 bp | 30.0 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.65 bp | 6.1 bp −$6 | doesn't fit | 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 | −0.0080% | 8h | 0.09952 | −0.579% | $150.5M | $273.8M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09964 | −0.459% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09968 | −0.423% | $442K | $5.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09963 | −0.475% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0061% | 1h | 0.09963 | −0.466% | $595K | $118K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09970 | −0.404% | $773K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09967 | −0.430% | $996 | $443K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09969 | −0.405% | $534K | $996K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09964 | −0.460% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09974 | −0.363% | $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 | 0.09962 | −0.480% | $318.8M | $1.44B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09958 | −0.519% | $160.4M | $441.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09961 | −0.490% | $111.2M | $987.5M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09940 | −0.699% | $381K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09957 | −0.529% | $243.8M | $133.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09962 | −0.480% | $111.1M | $231.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09963 | −0.470% | $65.9M | $43.4M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09961 | −0.490% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09960 | −0.500% | $328K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09983 | −0.273% | $989K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09989 | −0.209% | $298K | $128.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09956 | −0.544% | $631K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | −0.100% | $146K | $279K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09963 | −0.472% | $252K | $737K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09962 | −0.480% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09960 | −0.499% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09975 | −0.351% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09963 | −0.470% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09958 | −0.516% | $6.0M | $56.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09963 | −0.470% | $91.7M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0102% | 8h | 0.09969 | −0.411% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09959 | −0.511% | $501K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09962 | −0.483% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0187% | 1h | 0.09967 | −0.425% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09974 | −0.357% | $532 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09967 | −0.430% | $15.6M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09997 | −0.126% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09964 | −0.459% | $312K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09971 | −0.390% | $2.3M | $26.3M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0307% | 1h | 0.09960 | −0.500% | $5.7M | $35.3M | 50x | as long as short |
| Hyperliquid DOGEshort | +0.0529% | 1h | 0.09972 | −0.381% | $121.9M | $99.6M | 10x | |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09975 | −0.347% | $402K | $366K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09982 | −0.280% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERPlong | +0.1072% | 1h | 0.1001 | long leg | $5K | $239K | 12x |
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
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
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