Funding you earn now, next payment 02:00 UTC+0.0611%/8h= +66.9% APRpaid last 24h +0.131%
Price spread now: Hyperliquid against KuCoin+0.109%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now +0.109%, 7d avg +0.049%
=Together, before fees+0.062%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.060% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.049%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.8% 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 | KuCoin DOGEUSDTM | 0.09930 | 0.0100 | pay 0.0100% / 8h | 6h 29m | $65.6M | $43.0M | 75x |
| Short | Hyperliquid DOGE | 0.09941 | 0.0711 | get 0.0089% / 1h | 29m 03s | $121.0M | $97.5M | 10x |
KuCoin DOGEUSDTM
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $128.37
- Price spread: +0.109% → +0.049%
- $5.96
- Slippage, 4 orders
- −$11.2
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $102.13
- Costs to cover
- 0.322%
- Break-even
- 1.4 days
Slippage from KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago | 2.02 bp | 10.2 bp −$10 | 17.3 bp −$173 | 51.8 bp −$5,183 | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.30 bp | 5.6 bp −$6 | 8.0 bp −$80 | 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 | −0.0118% | 8h | 0.09920 | −0.101% | $150.3M | $273.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09950 | +0.204% | $391K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09931 | +0.005% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0019% | 1h | 0.09943 | +0.128% | $223K | $51K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0052% | 1h | 0.09928 | −0.025% | $593K | $118K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09919 | −0.109% | $5.8M | $34.1M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09933 | +0.028% | $771K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09943 | +0.131% | $831 | $427K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09941 | +0.111% | $523K | $987K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09932 | +0.023% | $4.7M | $48.3M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09948 | +0.183% | $327K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09936 | +0.063% | $314.6M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09937 | +0.070% | $157.3M | $442.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09937 | +0.070% | $109.4M | $977.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09958 | +0.282% | $128K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09870 | −0.604% | $378K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09925 | −0.050% | $240.7M | $132.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09931 | +0.010% | $110.2M | $229.4M | 300x | as long as short |
| KuCoin DOGEUSDTMlong | +0.0100% | 8h | 0.09930 | long leg | $65.6M | $43.0M | 75x | |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09932 | +0.020% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09928 | −0.020% | $343K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09898 | −0.323% | $985K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09906 | −0.240% | $272K | $128.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09885 | −0.453% | $621K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | −0.201% | $145K | $270K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09940 | +0.101% | $256K | $642K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09933 | +0.030% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09931 | +0.012% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09950 | +0.201% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09925 | −0.050% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09921 | −0.088% | $5.9M | $54.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09924 | −0.060% | $91.5M | $17.2M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09924 | −0.062% | $525K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09929 | −0.008% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0112% | 8h | 0.09945 | +0.147% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09934 | +0.038% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09951 | +0.209% | $530 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09952 | +0.222% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09925 | −0.052% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09933 | +0.034% | $309K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09952 | +0.223% | $400K | $367K | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0711% | 1h | 0.09941 | +0.109% | $121.0M | $97.5M | 10x | |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09950 | +0.201% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Injective DOGE/USDC PERP