Funding you earn now, next payment 23:00 UTC+0.0285%/8h= +31.2% APRnext payment +$0.36 per $10,000 · paid last 24h +0.110%
Price spread now: Hyperliquid against Lighter+0.046%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.046%, 7d avg +0.025%
=Together, before fees+0.069%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.020% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.025%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 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 | Lighter DOGE | 0.1002 | 0.0096 | pay 0.0012% / 1h | 51m 16s | $782K | $5.3M | 15x |
| Short | Hyperliquid DOGE | 0.1003 | 0.0381 | get 0.0048% / 1h | 51m 16s | $110.3M | $80.9M | 10x |
Lighter DOGE
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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
- $59.83
- Price spread: +0.046% → +0.025%
- $2.04
- Slippage, 4 orders
- −$13.74
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $39.13
- Costs to cover
- 0.227%
- Break-even
- 2.4 days
Slippage from Lighter: live order book, 7 min ago; Hyperliquid: live order book, 13 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 Lighter live order book, 7 min ago | 1.85 bp | 4.4 bp −$4 | 8.7 bp −$87 | 28.1 bp −$2,809 | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 0.05 bp | 6.2 bp −$6 | 7.6 bp −$76 | 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 | −0.0272% | 8h | 0.1001 | −0.135% | $153.1M | $261.9M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1003 | +0.074% | $377K | $4.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1002 | −0.024% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0016% | 1h | 0.1003 | +0.031% | $225K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1008 | +0.531% | $16K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0087% | 8h | 0.1002 | −0.035% | $241.1M | $120.8M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0089% | 1h | 0.1002 | −0.015% | $626K | $105K | 25x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.1002 | long leg | $782K | $5.3M | 15x | |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1002 | −0.015% | $1K | $355K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1002 | 0.000% | $679K | $744K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Gate DOGE_USDT
Deribit DOGE_USDC-PERPETUAL
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1003 | +0.021% | $5.0M | $41.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1003 | +0.027% | $336K | $498K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.045% | $318.4M | $1.28B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.065% | $161.3M | $404.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1002 | −0.015% | $109.4M | $907.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1003 | +0.035% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | +0.065% | $384K | $14K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1002 | −0.035% | $109.4M | $214.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1002 | −0.055% | $65.8M | $39.4M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1002 | −0.005% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1003 | +0.051% | $947K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1004 | +0.200% | $276K | $112.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1007 | +0.459% | $641K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | +0.165% | $145K | $238K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1002 | −0.025% | $271K | $534K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | +0.005% | $72K | $417K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | −0.025% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.048% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1002 | −0.065% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.045% | $6.0M | $48.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.055% | $92.8M | $19.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1002 | 0.000% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1001 | −0.090% | $556K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1002 | −0.023% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0175% | 1h | 0.1002 | −0.038% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1003 | +0.024% | $529 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1003 | +0.015% | $2.0M | $22.9M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1002 | −0.025% | $15.2M | $24.2M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0266% | 1h | 0.1002 | −0.023% | $311K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0358% | 1h | 0.1004 | +0.175% | $530K | $936K | 15x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0364% | 1h | 0.1002 | −0.071% | $6.0M | $32.0M | 50x | as long as short |
| Hyperliquid DOGEshort | +0.0381% | 1h | 0.1003 | +0.046% | $110.3M | $80.9M | 10x | |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1003 | +0.061% | $315K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1007 | +0.464% | $5K | $207K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Injective DOGE/USDC PERP