Funding you earn now, next payment 00:00 UTC−0.0818%/8h= −89.6% APRpaid last 24h −0.114%
Price spread now: Variational Omni against Hyperliquid−0.983%7-day average −0.064% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.123%−$12 on $10k
+Price spread, last 7 days+0.949%+$95 · spread now −0.983%, 7d avg −0.064%
=Together, before fees+0.826%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$83 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Variational Omni is 0.918% cheaper against Hyperliquid than usual: you would sell low and buy high (−$92 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.123% in total (about -13.6% 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 | 0.1016 | 0.0918 | pay 0.0115% / 1h | 50m 38s | $116.5M | $86.2M | 10x |
| Short | Variational Omni DOGE | 0.1006 | 0.0100 | get 0.0100% / 8h | 50m 38s | $1.0M | $8.1M | — |
Hyperliquid DOGE
Variational Omni DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$171.82
- Price spread: −0.983% → −0.064%
- −$91.83
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$272.64
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 3 min ago | 1.48 bp | 6.0 bp −$6 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 9.90 bp | doesn't fit | 9.9 bp −$99 | 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 | 0.1013 | −0.354% | $154.5M | $267.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1014 | −0.246% | $422K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1013 | −0.368% | $609K | $109K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1012 | −0.389% | $33K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0085% | 8h | 0.1013 | −0.276% | $244.9M | $125.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1015 | −0.107% | $807K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1014 | −0.246% | $847 | $378K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1014 | −0.256% | $604K | $893K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1014 | −0.197% | $5.1M | $44.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1015 | −0.108% | $338K | $504K | 20x | 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
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 | 0.1015 | −0.150% | $323.9M | $1.34B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1013 | −0.305% | $160.1M | $427.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1013 | −0.276% | $111.0M | $948.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1015 | −0.167% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | −0.177% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1013 | −0.276% | $114.4M | $218.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1013 | −0.276% | $66.7M | $41.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1014 | −0.187% | — | $3.4M | — | as long as short |
| Variational Omni DOGEshort | +0.0100% | 8h | 0.1006 | −0.983% | $1.0M | $8.1M | — | |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1011 | −0.493% | $279K | $117.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1012 | −0.433% | $644K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | −0.226% | $149K | $248K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1013 | −0.295% | $265K | $551K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1012 | −0.384% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1012 | −0.393% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1013 | −0.292% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1013 | −0.374% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1013 | −0.303% | $6.1M | $51.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1012 | −0.462% | $93.6M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1015 | −0.155% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0103% | 1h | 0.1012 | −0.421% | $6.0M | $33.0M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1013 | −0.309% | $567K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1013 | −0.369% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0139% | 1h | 0.1014 | −0.234% | $228K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1013 | −0.358% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1012 | −0.433% | $15.3M | $25.4M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1013 | −0.328% | $67K | $281K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1015 | −0.170% | $536 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1012 | −0.403% | $2.0M | $24.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.1012 | −0.387% | $315K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0455% | 1h | 0.1012 | −0.413% | $541K | $960K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1015 | −0.147% | $318K | $475K | 10x | as long as short |
| Hyperliquid DOGElong | +0.0918% | 1h | 0.1016 | long leg | $116.5M | $86.2M | 10x | |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1014 | −0.226% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
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