Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.169%
Price spread now: Deribit against Hyperliquid−0.138%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.138%, 7d avg −0.062%
=Together, before fees−0.221%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.076% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.062%). If the spread goes back, that is −$8 on $10k: about 6.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.324%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid DOGE | 0.1001 | 0.0100 | pay 0.0013% / 1h | 53m 50s | $124.9M | $113.8M | 10x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.09999 | 0.0140 | get 0.0017% / 1h | 53m 50s | $568K | $248K | 25x |
Hyperliquid DOGE
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hyperliquid. 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
- $8.4
- Price spread: −0.138% → −0.062%
- −$7.58
- Slippage, 4 orders
- −$15.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$30.48
- Costs to cover
- 0.313%
- Break-even
- 32.4 days
Slippage from Hyperliquid: live order book, 10 min ago; Deribit: live order book, 60 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 Hyperliquid live order book, 10 min ago | 0.50 bp | 6.7 bp −$7 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 60 min ago | 5.70 bp | 9.7 bp −$10 | 54.4 bp −$544 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX DOGE-USD | 0.0000% | 1h | 0.1001 | −0.054% | $225K | $70K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1001 | −0.018% | $647K | $6.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09997 | −0.156% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.09996 | −0.172% | $5.6M | $40.5M | 50x | as long as short |
| Polymarket Perps DOGE-USD | +0.0003% | 1h | 0.09994 | −0.194% | $261K | $1.1M | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1000 | −0.103% | $738K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09993 | −0.195% | $547K | $1.1M | 10x | as long as short |
| Hyperliquid DOGElong | +0.0100% | 1h | 0.1001 | long leg | $124.9M | $113.8M | 10x | |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.078% | $4.4M | $56.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1001 | −0.048% | $320K | $524K | 20x | as long as short |
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
Polymarket Perps DOGE-USD
Lighter DOGE
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 | 0.1001 | −0.078% | $325.5M | $1.65B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.100% | $163.4M | $511.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1001 | −0.040% | $114.3M | $1.16B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.059% | $385K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1000 | −0.110% | $246.8M | $148.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | −0.080% | $113.8M | $249.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | −0.060% | $66.5M | $49.1M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.050% | $130.1M | $322.7M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1000 | −0.100% | — | $80.1M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09998 | −0.150% | $315K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1001 | −0.052% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09995 | −0.183% | $312K | $137.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | −0.041% | $633K | $4.7M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09999 | −0.140% | $65K | $464K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09996 | −0.166% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1000 | −0.129% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09997 | −0.160% | $2K | $5.2M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09998 | −0.151% | $5.9M | $67.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.130% | $92.0M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1000 | −0.103% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09996 | −0.167% | $481K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09999 | −0.137% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0114% | 8h | 0.09989 | −0.240% | $1K | $516K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0140% | 1h | 0.09999 | −0.138% | $568K | $248K | 25x | |
| 01 Exchange DOGEUSD | +0.0160% | 1h | 0.1000 | −0.129% | $445 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0193% | 1h | 0.09994 | −0.192% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | −0.010% | $16.2M | $26.9M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.1000 | −0.100% | $108K | $207K | 10x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1000 | −0.103% | $18K | $382K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0252% / S −0.0290% | 1h | 0.09995 | −0.176% | $324K | — | 200x | as long as short |
| ApeX Omni DOGEUSDT | +0.0288% | 1h | 0.1000 | −0.130% | $150K | $336K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1000 | −0.110% | $2.0M | $33.8M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.09999 | −0.139% | $403K | $437K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +5.163% | $6K | $242K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
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
Katana Perps DOGE-USD
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Arcus DOGE-USD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
ApeX Omni DOGEUSDT
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP