Funding you earn now, next payment 23:00 UTC+0.0343%/8h= +37.5% APRnext payment +$0.43 per $10,000 · paid last 24h +0.108%
Price spread now: Hyperliquid against Pacifica−0.197%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.197%, 7d avg +0.054%
=Together, before fees+0.292%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.251% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of +0.054%). If the spread goes back, that is −$25 on $10k: about 2.4 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.081% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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 | Pacifica DOGE | 0.1017 | 0.0100 | pay 0.0013% / 1h | 39m 06s | $340K | $503K | 20x |
| Short | Hyperliquid DOGE | 0.1015 | 0.0443 | get 0.0055% / 1h | 39m 06s | $112.0M | $81.8M | 10x |
Pacifica DOGE
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Pacifica. 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
- $71.98
- Price spread: −0.197% → +0.054%
- −$25.08
- Slippage, 4 orders
- −$11.29
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $18.6
- Costs to cover
- 0.283%
- Break-even
- 5.2 days
Slippage from Pacifica: live order book, 44 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 Pacifica live order book, 44 min ago | 2.51 bp | 6.5 bp −$7 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.99 bp | 6.4 bp −$6 | 8.0 bp −$80 | 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 | −0.0270% | 8h | 0.1013 | −0.384% | $154.9M | $264.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1015 | −0.147% | $430K | $4.6M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1013 | −0.338% | $614K | $105K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1014 | −0.329% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0011% | 1h | 0.1017 | −0.020% | $228K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1017 | −0.011% | $16K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0089% | 8h | 0.1013 | −0.334% | $243.4M | $122.4M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1015 | −0.215% | $793K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1015 | −0.157% | $1K | $360K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1014 | −0.329% | $711K | $779K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Gate DOGE_USDT
Lighter DOGE
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 | 0.1014 | −0.263% | $5.2M | $42.5M | 75x | as long as short |
| Pacifica DOGElong | +0.0100% | 1h | 0.1017 | long leg | $340K | $503K | 20x | |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1014 | −0.285% | $326.3M | $1.30B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1014 | −0.295% | $164.1M | $410.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1014 | −0.266% | $110.4M | $929.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1016 | −0.089% | $29K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1017 | +0.031% | $390K | $17K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1014 | −0.275% | $112.1M | $215.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1014 | −0.305% | $66.3M | $39.8M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1014 | −0.305% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1017 | +0.023% | $954K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1017 | +0.004% | $279K | $114.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1016 | −0.059% | $647K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1018 | +0.108% | $148K | $240K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1014 | −0.315% | $273K | $535K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1013 | −0.344% | $74K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1013 | −0.367% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1014 | −0.283% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1014 | −0.315% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1014 | −0.303% | $6.1M | $49.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1014 | −0.305% | $93.9M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1016 | −0.054% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1013 | −0.356% | $565K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1013 | −0.359% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.1013 | −0.356% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1015 | −0.144% | $536 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1014 | −0.305% | $2.1M | $23.5M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1013 | −0.413% | $15.2M | $25.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0248% / S −0.0274% | 1h | 0.1013 | −0.355% | $320K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0360% | 1h | 0.1013 | −0.341% | $6.1M | $32.2M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0436% | 1h | 0.1014 | −0.256% | $535K | $940K | 15x | as long as short |
| Hyperliquid DOGEshort | +0.0443% | 1h | 0.1015 | −0.197% | $112.0M | $81.8M | 10x | |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1016 | −0.113% | $319K | $477K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1022 | +0.502% | $5K | $207K | 12x | as long as short |
Aster DOGEUSDT
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]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP