Funding you earn now, next payment 00:00 UTC+0.0818%/8h= +89.6% APRpaid last 24h +0.114%
Price spread now: Hyperliquid against BingX+0.138%7-day average +0.102% · 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−$25as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 7 days−0.081%−$8 · spread now +0.138%, 7d avg +0.102%
=Together, before fees+0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Hyperliquid is 0.036% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.102%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% 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 | BingX DOGE-USDC | 0.1014 | 0.0100 | pay 0.0100% / 8h | 50m 29s | — | $3.4M | — |
| Short | Hyperliquid DOGE | 0.1016 | 0.0918 | get 0.0115% / 1h | 50m 29s | $116.6M | $86.3M | 10x |
BingX DOGE-USDC
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $171.88
- Price spread: +0.138% → +0.102%
- $3.59
- Slippage, 4 orders
- −$9.39
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $147.09
- Costs to cover
- 0.284%
- Break-even
- 1.0 days
Slippage from BingX: live order book, 9 min ago; Hyperliquid: live order book, 3 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 BingX live order book, 9 min ago | 0.50 bp | 6.7 bp −$7 | 13.6 bp −$136 | 38.9 bp −$3,892 | 112.9 bp −$56.4K |
| Sell Hyperliquid live order book, 3 min ago | 1.48 bp | 7.3 bp −$7 | 10.0 bp −$100 | 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 | −0.0247% | 8h | 0.1014 | −0.069% | $154.7M | $267.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1014 | −0.059% | $422K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1013 | −0.181% | $609K | $109K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1012 | −0.202% | $33K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0086% | 8h | 0.1013 | −0.118% | $244.8M | $125.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1015 | +0.080% | $807K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1014 | −0.039% | $1K | $378K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1014 | −0.021% | $5.1M | $44.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1015 | +0.079% | $338K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1015 | +0.020% | $323.8M | $1.34B | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1014 | 0.000% | $160.4M | $427.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1015 | +0.039% | $111.0M | $949.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1015 | +0.020% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | +0.010% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1013 | −0.089% | $114.4M | $218.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1013 | −0.089% | $66.7M | $41.5M | 75x | as long as short |
| BingX DOGE-USDClong | +0.0100% | 8h | 0.1014 | long leg | — | $3.4M | — | |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | −0.797% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1011 | −0.307% | $279K | $117.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1012 | −0.246% | $644K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | −0.039% | $149K | $248K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1014 | −0.064% | $604K | $893K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1014 | −0.049% | $265K | $551K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1012 | −0.197% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1012 | −0.207% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1013 | −0.105% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1013 | −0.187% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1013 | −0.116% | $6.1M | $51.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1012 | −0.276% | $93.6M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1015 | +0.032% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0103% | 1h | 0.1012 | −0.234% | $6.0M | $33.0M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1013 | −0.122% | $567K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1013 | −0.182% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0139% | 1h | 0.1014 | −0.047% | $228K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1014 | −0.044% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1012 | −0.246% | $15.3M | $25.4M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1013 | −0.141% | $67K | $281K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1015 | +0.018% | $536 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1012 | −0.217% | $2.0M | $24.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.1012 | −0.200% | $315K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0455% | 1h | 0.1012 | −0.227% | $541K | $960K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1015 | +0.040% | $318K | $475K | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0918% | 1h | 0.1016 | +0.138% | $116.6M | $86.3M | 10x | |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1014 | −0.039% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Nado DOGE-PERP
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
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
dYdX DOGE-USD
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