Funding you earn now, next payment 02:00 UTC+0.0593%/8h= +64.9% APRnext payment +$0.74 per $10,000 · paid last 24h +0.131%
Price spread now: Hyperliquid against SoDEX+0.020%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 3 days (all we have)+0.137%+$14 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.020%, 7d avg +0.069%
=Together, before fees+0.159%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.049% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.069%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$18 a day). At the pace of the last 3 days (+0.137% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.137% in total (about 15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.74 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 | SoDEX DOGE-USD | 0.1002 | 0.0100 | pay 0.0013% / 1h | 5m 57s | $2K | $3.8M | 10x |
| Short | Hyperliquid DOGE | 0.1002 | 0.0693 | get 0.0087% / 1h | 5m 57s | $122.4M | $98.6M | 10x |
SoDEX DOGE-USD
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against SoDEX. 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
- $124.46
- Price spread: +0.020% → +0.069%
- −$4.94
- Slippage, 4 orders
- −$5.68
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $96.84
- Costs to cover
- 0.227%
- Break-even
- 1.6 days
Slippage from SoDEX: live order book, 3 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 SoDEX live order book, 3 min ago | 0.50 bp | 4.5 bp −$5 | 7.9 bp −$79 | 144.2 bp −$14.4K | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.10 bp | 6.9 bp −$7 | 8.2 bp −$82 | 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 | −0.0096% | 8h | 0.1001 | −0.090% | $151.7M | $273.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1002 | +0.023% | $391K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1002 | −0.023% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0011% | 1h | 0.1002 | +0.012% | $225K | $49K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0030% | 1h | 0.1002 | +0.014% | $599K | $118K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0066% | 1h | 0.1002 | −0.008% | $5.8M | $34.5M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | +0.090% | $827K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.1002 | 0.000% | $837 | $428K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1003 | +0.085% | $536K | $987K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.060% | $4.7M | $48.1M | 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 | 0.1003 | +0.080% | $330K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.042% | $318.3M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.080% | $159.2M | $437.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1001 | −0.050% | $111.1M | $985.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1004 | +0.200% | $129K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09945 | −0.733% | $381K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1001 | −0.090% | $243.1M | $133.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | −0.060% | $114.0M | $232.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | −0.060% | $66.3M | $43.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1001 | −0.060% | — | $76.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1001 | −0.060% | $345K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | −0.022% | $999K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09948 | −0.699% | $281K | $128.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09943 | −0.751% | $631K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | −0.779% | $145K | $271K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1002 | +0.040% | $258K | $644K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | +0.040% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | +0.022% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.149% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USDlong | +0.0100% | 1h | 0.1002 | long leg | $2K | $3.8M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.063% | $5.9M | $55.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.010% | $92.3M | $16.8M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1001 | −0.069% | $561K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1002 | +0.008% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0107% | 8h | 0.1002 | −0.025% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0185% | 1h | 0.1003 | +0.092% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.1003 | +0.133% | $535 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1003 | +0.070% | $2.1M | $25.5M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09990 | −0.278% | $65K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0267% | 1h | 0.1001 | −0.031% | $312K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.1003 | +0.130% | $404K | $367K | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0693% | 1h | 0.1002 | +0.020% | $122.4M | $98.6M | 10x | |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1000 | −0.180% | $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
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
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