Funding you earn now, next payment 03:00 UTC−0.0361%/8h= −39.5% APRpaid last 24h −0.139%
Price spread now: Orderly against Hyperliquid−0.124%7-day average −0.079% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.124%, 7d avg −0.079%
=Together, before fees−0.293%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Orderly is 0.045% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.079%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.203% in total (about -10.6% 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 | 0.09992 | 0.0461 | pay 0.0058% / 1h | 33m 15s | $122.0M | $99.7M | 10x |
| Short | Orderly PERP_DOGE_USDC | 0.09980 | 0.0100 | get 0.0100% / 8h | 5h 33m | $70K | $440K | 50x |
Hyperliquid DOGE
Orderly PERP_DOGE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$75.76
- Price spread: −0.124% → −0.079%
- −$4.5
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$95.27
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Orderly: no order-book sample. Net counts fees only.
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, 11 min ago | 0.50 bp | 6.0 bp −$6 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0091% | 8h | 0.09977 | −0.154% | $151.1M | $273.9M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09962 | −0.309% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09971 | −0.213% | $444K | $5.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09978 | −0.146% | $24K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09991 | −0.010% | $786K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09968 | −0.244% | $3K | $441K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09978 | −0.144% | $532K | $993K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09982 | −0.103% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09965 | −0.271% | $328K | $483K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09986 | −0.067% | $319.6M | $1.44B | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
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 | 0.09982 | −0.104% | $160.8M | $441.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09984 | −0.084% | $111.5M | $989.3M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09985 | −0.076% | $383K | $2K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09978 | −0.144% | $243.5M | $132.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09984 | −0.084% | $111.9M | $230.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09987 | −0.054% | $66.1M | $43.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09980 | −0.124% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09982 | −0.104% | $329K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09987 | −0.059% | $981K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09984 | −0.088% | $297K | $129.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09992 | −0.003% | $635K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | +0.076% | $146K | $278K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09976 | −0.168% | $255K | $734K | 10x | as long as short |
| Orderly PERP_DOGE_USDCshort | +0.0100% | 8h | 0.09980 | −0.124% | $70K | $440K | 50x | |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09977 | −0.152% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09982 | −0.106% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09986 | −0.064% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09980 | −0.126% | $5.9M | $56.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09984 | −0.084% | $91.9M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.09969 | −0.239% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09980 | −0.122% | $516K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09980 | −0.128% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0186% | 1h | 0.09979 | −0.132% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09978 | −0.147% | $532 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09982 | −0.104% | $15.7M | $25.1M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0221% | 1h | 0.09985 | −0.072% | $597K | $118K | 25x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09961 | −0.317% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09977 | −0.155% | $310K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09988 | −0.044% | $2.3M | $26.2M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0306% | 1h | 0.09985 | −0.076% | $5.7M | $35.1M | 50x | as long as short |
| Hyperliquid DOGElong | +0.0461% | 1h | 0.09992 | long leg | $122.0M | $99.7M | 10x | |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09978 | −0.140% | $402K | $365K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09983 | −0.094% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.09980 | −0.124% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP