Funding you earn now, next payment 22:00 UTC+0.0308%/8h= +33.8% APRpaid last 24h +0.105%
Price spread now: Hyperliquid against MEXC+0.113%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as 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−0.099%−$10 · spread now +0.113%, 7d avg +0.037%
=Together, before fees+0.036%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.076% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.037%.
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 | MEXC DOGE_USDT | 0.09904 | 0.0100 | pay 0.0100% / 8h | 2h 06m | $110.3M | $221.2M | 300x |
| Short | Hyperliquid DOGE | 0.09915 | 0.0408 | get 0.0051% / 1h | 6m 31s | $109.1M | $79.8M | 10x |
MEXC DOGE_USDT
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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: +0.113% → +0.037%
- $7.6
- Slippage, 4 orders
- −$4.15
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $59.19
- Costs to cover
- 0.131%
- Break-even
- 0.6 days
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 7 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 MEXC live order book, 3 min ago | 0.50 bp | 0.5 bp −$1 | 1.6 bp −$16 | 12.4 bp −$1,241 | 48.8 bp −$24.4K |
| Sell Hyperliquid live order book, 7 min ago | 0.55 bp | 5.7 bp −$6 | 7.6 bp −$76 | 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 | −0.0279% | 8h | 0.09897 | −0.071% | $151.7M | $261.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09915 | +0.109% | $367K | $4.4M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09915 | +0.113% | $620K | $106K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09907 | +0.027% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0076% | 8h | 0.09900 | −0.040% | $236.0M | $121.1M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09951 | +0.472% | $15K | $225K | 10x | as long as short |
| dYdX DOGE-USD | +0.0088% | 1h | 0.09902 | −0.020% | $222K | $44K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09908 | +0.040% | $839 | $345K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09907 | +0.029% | $779K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09920 | +0.162% | $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 | 0.09904 | 0.000% | $4.9M | $40.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09906 | +0.018% | $334K | $496K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09908 | +0.041% | $313.8M | $1.27B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09903 | −0.010% | $158.4M | $399.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09907 | +0.030% | $108.5M | $892.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09913 | +0.091% | $28K | $76K | 10x | as long as short |
| MEXC DOGE_USDTlong | +0.0100% | 8h | 0.09904 | long leg | $110.3M | $221.2M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09905 | +0.010% | $64.9M | $39.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09905 | +0.010% | — | $73.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09944 | +0.406% | $932K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09933 | +0.295% | $267K | $112.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09924 | +0.206% | $629K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09930 | +0.263% | $144K | $228K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09915 | +0.114% | $271K | $528K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09914 | +0.101% | $57K | $396K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09913 | +0.096% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09933 | +0.290% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09914 | +0.101% | $2K | $3.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09908 | +0.042% | $5.9M | $47.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09915 | +0.111% | $91.9M | $19.0M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09947 | +0.435% | $381K | $14K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09904 | +0.004% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09903 | −0.013% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09916 | +0.121% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0168% | 1h | 0.09911 | +0.067% | $523 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0175% | 1h | 0.09916 | +0.119% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09919 | +0.151% | $15.2M | $23.8M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09920 | +0.162% | $2.0M | $22.5M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0247% | 1h | 0.09907 | +0.028% | $317K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0258% | 1h | 0.09919 | +0.151% | $524K | $931K | 15x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0288% | 1h | 0.09914 | +0.101% | $5.9M | $31.9M | 50x | as long as short |
| Hyperliquid DOGEshort | +0.0408% | 1h | 0.09915 | +0.113% | $109.1M | $79.8M | 10x | |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09914 | +0.103% | $311K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09960 | +0.565% | $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