Funding you earn now, next payment 02:00 UTC+0.0615%/8h= +67.3% APRnext payment +$0.77 per $10,000 · paid last 24h +0.131%
Price spread now: Hyperliquid against Bulk−0.005%50s7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.288% of the position
Funding, last 3 days (all we have)+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.005%, 7d avg +0.054%
=Together, before fees+0.218%+ Points / potential airdropHyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.058% cheaper against Bulk than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.054%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$18 a day). At the pace of the last 3 days (+0.131% in total) that is about 37 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.131% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 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 | Bulk DOGE-USD | 0.09984 | 0.0100 | pay 0.0013% / 1h | 25m 46s | $383K | $5K | 10x |
| Short | Hyperliquid DOGE | 0.09983 | 0.0715 | get 0.0089% / 1h | 25m 46s | $121.8M | $97.8M | 10x |
Bulk DOGE-USD
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bulk. 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
- $129.06
- Price spread: −0.005% → +0.054%
- −$5.84
- Slippage, 4 orders
- −$12.81
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $94.41
- Costs to cover
- 0.288%
- Break-even
- 1.9 days
Slippage from Bulk: live order book, 43 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 Bulk live order book, 43 min ago | 4.95 bp | 8.4 bp −$8 | 8.4 bp −$84 | 9.6 bp −$961 | 21.7 bp −$10.9K |
| Sell Hyperliquid live order book, 8 min ago | 0.30 bp | 5.6 bp −$6 | 8.0 bp −$80 | 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 | −0.0114% | 8h | 0.09964 | −0.198% | $150.9M | $273.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09988 | +0.044% | $392K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09990 | +0.066% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0017% | 1h | 0.09977 | −0.070% | $224K | $49K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0066% | 1h | 0.09994 | +0.099% | $5.9M | $34.1M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1000 | +0.173% | $796K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09992 | +0.082% | $835 | $428K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09991 | +0.072% | $529K | $989K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09992 | +0.082% | $4.6M | $48.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09986 | +0.027% | $328K | $503K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09975 | −0.092% | $315.8M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09968 | −0.158% | $158.0M | $442.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09974 | −0.098% | $110.1M | $981.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1001 | +0.213% | $129K | $178K | 10x | as long as short |
| Bulk DOGE-USDlong | +0.0100% | 1h | 0.09984 | long leg | $383K | $5K | 10x | |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09969 | −0.148% | $241.9M | $132.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09971 | −0.128% | $110.7M | $229.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09984 | +0.002% | $66.0M | $43.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09968 | −0.158% | — | $76.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09993 | +0.092% | $341K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09990 | +0.061% | $985K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09941 | −0.426% | $273K | $128.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09936 | −0.479% | $631K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | −0.338% | $145K | $270K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09989 | +0.056% | $257K | $642K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09994 | +0.102% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09993 | +0.093% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09997 | +0.131% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09995 | +0.112% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09992 | +0.083% | $5.9M | $54.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09990 | +0.062% | $92.1M | $17.1M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09977 | −0.071% | $584K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09995 | +0.107% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0110% | 1h | 0.09996 | +0.122% | $597K | $118K | 25x | as long as short |
| Paradex DOGE-USD-PERP | +0.0111% | 8h | 0.09990 | +0.065% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09995 | +0.111% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09999 | +0.152% | $533 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09999 | +0.152% | $2.0M | $25.2M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09925 | −0.591% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09990 | +0.058% | $311K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09999 | +0.149% | $402K | $367K | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0715% | 1h | 0.09983 | −0.005% | $121.8M | $97.8M | 10x | |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09980 | −0.038% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus 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
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
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