Funding you earn now, next payment 00:00 UTC+0.0815%/8h= +89.2% APRnext payment +$1.02 per $10,000 · paid last 24h +0.114%
Price spread now: Hyperliquid against Polymarket Perps+0.090%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs+$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days+0.467%+$47 on $10k
+Price spread, last 3 days (all we have)−0.153%−$15 · spread now +0.090%, 7d avg +0.075%
=Together, before fees+0.314%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.467% in total (about 24.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.02 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 | Polymarket Perps DOGE-USD | 0.1006 | 0.0100 | pay 0.0013% / 1h | 35m 32s | $259K | $556K | 10x |
| Short | Hyperliquid DOGE | 0.1006 | 0.0915 | get 0.0114% / 1h | 35m 32s | $117.9M | $88.6M | 10x |
Polymarket Perps DOGE-USD
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Polymarket Perps. 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
- $171.11
- Price spread: +0.090% → +0.075%
- $1.41
- Slippage, 4 orders
- −$12.98
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $142.54
- Costs to cover
- 0.300%
- Break-even
- 1.2 days
Slippage from Polymarket Perps: live order book, 42 min ago; Hyperliquid: live order book, 8 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 Polymarket Perps live order book, 42 min ago | 3.49 bp | 9.4 bp −$9 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.49 bp | 5.0 bp −$5 | 8.4 bp −$84 | 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 | −0.0240% | 8h | 0.1004 | −0.099% | $152.9M | $268.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1007 | +0.123% | $416K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1006 | +0.043% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0067% | 1h | 0.1005 | −0.027% | $226K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0075% | 8h | 0.1005 | −0.040% | $242.3M | $126.8M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1006 | +0.007% | $796K | $5.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1005 | −0.010% | $2K | $389K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1006 | +0.030% | $541K | $960K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1005 | −0.023% | $5.0M | $45.4M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1005 | −0.030% | $335K | $509K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
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 | 0.1005 | −0.050% | $320.2M | $1.36B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1005 | −0.030% | $158.3M | $430.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1006 | 0.000% | $109.4M | $949.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1006 | +0.060% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1008 | +0.249% | $386K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1005 | −0.010% | $112.1M | $220.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1005 | −0.050% | $66.1M | $41.8M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1005 | −0.040% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | +0.093% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1007 | +0.149% | $276K | $118.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1011 | +0.547% | $637K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1008 | +0.249% | $148K | $250K | 25x | as long as short |
| Polymarket Perps DOGE-USDlong | +0.0100% | 1h | 0.1006 | long leg | $259K | $556K | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1006 | +0.050% | $73K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1006 | +0.057% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1006 | +0.098% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1006 | +0.070% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1006 | +0.050% | $6.0M | $51.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.040% | $93.0M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1005 | −0.059% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1005 | −0.026% | $533K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1006 | +0.065% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0104% | 1h | 0.1007 | +0.107% | $6.0M | $33.3M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0108% | 1h | 0.1006 | +0.091% | $606K | $117K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0179% | 1h | 0.1006 | +0.027% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1006 | +0.090% | $15.5M | $25.4M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1009 | +0.306% | $67K | $281K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1006 | +0.040% | $531 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1007 | +0.139% | $2.0M | $24.3M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0271% | 1h | 0.1006 | +0.045% | $315K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0413% | 1h | 0.1007 | +0.109% | $538K | $965K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1006 | +0.080% | $315K | $475K | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0915% | 1h | 0.1006 | +0.090% | $117.9M | $88.6M | 10x | |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1012 | +0.646% | $5K | $239K | 12x | as long as short |
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
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
Kraken Futures PF_DOGEUSD
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP