Funding you earn now, next payment 22:00 UTC−0.0308%/8h= −33.8% APRpaid last 24h −0.105%
Price spread now: MEXC against Hyperliquid−0.063%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$130.131% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.063%, 7d avg −0.037%
=Together, before fees−0.086%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.025% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% 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 | Hyperliquid DOGE | 0.09915 | 0.0408 | pay 0.0051% / 1h | 6m 49s | $109.1M | $79.8M | 10x |
| Short | MEXC DOGE_USDT | 0.09909 | 0.0100 | get 0.0100% / 8h | 2h 06m | $111.1M | $221.1M | 300x |
Hyperliquid DOGE
MEXC DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$64.74
- Price spread: −0.063% → −0.037%
- −$2.54
- Slippage, 4 orders
- −$4.15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$80.43
- Costs to cover
- 0.131%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; MEXC: live order book, 2 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, 7 min ago | 0.55 bp | 6.4 bp −$6 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.50 bp | 0.5 bp −$1 | 2.7 bp −$27 | 10.0 bp −$998 | 38.0 bp −$19.0K |
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 | −0.0279% | 8h | 0.09896 | −0.194% | $151.7M | $261.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09915 | −0.004% | $367K | $4.4M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09915 | 0.000% | $620K | $106K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09907 | −0.086% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0079% | 8h | 0.09903 | −0.123% | $236.1M | $121.1M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09951 | +0.358% | $15K | $225K | 10x | as long as short |
| dYdX DOGE-USD | +0.0088% | 1h | 0.09902 | −0.133% | $222K | $44K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09923 | +0.079% | $840 | $346K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09907 | −0.084% | $779K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09920 | +0.048% | $628K | $698K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Phoenix DOGE
dYdX DOGE-USD
Katana Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09908 | −0.069% | $4.9M | $40.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09932 | +0.172% | $334K | $496K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09906 | −0.093% | $313.7M | $1.27B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09902 | −0.133% | $158.4M | $399.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09906 | −0.093% | $108.6M | $892.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09933 | +0.180% | $28K | $76K | 10x | as long as short |
| MEXC DOGE_USDTshort | +0.0100% | 8h | 0.09909 | −0.063% | $111.1M | $221.1M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09908 | −0.073% | $64.9M | $39.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09908 | −0.073% | — | $73.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09944 | +0.293% | $932K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09933 | +0.181% | $267K | $112.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09924 | +0.093% | $629K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09930 | +0.149% | $144K | $228K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09915 | +0.001% | $271K | $528K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09914 | −0.012% | $57K | $396K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09913 | −0.017% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09933 | +0.176% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09914 | −0.012% | $2K | $3.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09908 | −0.071% | $5.9M | $47.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09915 | −0.002% | $91.9M | $19.0M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09947 | +0.321% | $381K | $14K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09929 | +0.136% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09911 | −0.040% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09916 | +0.008% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0168% | 1h | 0.09932 | +0.164% | $524 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0175% | 1h | 0.09916 | +0.006% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09919 | +0.038% | $15.2M | $23.8M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09920 | +0.048% | $2.0M | $22.5M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0247% | 1h | 0.09907 | −0.085% | $317K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0258% | 1h | 0.09919 | +0.038% | $524K | $931K | 15x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0288% | 1h | 0.09914 | −0.013% | $5.9M | $31.9M | 50x | as long as short |
| Hyperliquid DOGElong | +0.0408% | 1h | 0.09915 | long leg | $109.1M | $79.8M | 10x | |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09935 | +0.197% | $312K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09960 | +0.452% | $5K | $180K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Injective DOGE/USDC PERP