Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0676%/8h= +74.1% APRpaid last 24h +0.123%
Price spread now: Hyperliquid against SunX−0.035%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$630.627% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.096%+$10 on $10k
Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.035%, 7d avg +0.033%
Together, before fees+0.138%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.068% cheaper against SunX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.033%). If the spread goes back, that is −$7 on $10k: about 8 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.096% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX DOGE-USDT0.10120.0100pay 0.0100% / 8h7h 10m$36K$2.2M30x
ShortHyperliquid DOGE0.10110.0776get 0.0097% / 1h10m 10s$123.3M$95.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$142.02
Price spread: −0.035% → +0.033%
−$6.77
Slippage, 4 orders
−$45.73
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$72.52
Costs to cover
0.627%
Break-even
3.4 days
Slippage from SunX: live order book, 6 min ago; Hyperliquid: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago18.31 bp22.3 bp −$2228.1 bp −$281doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago2.46 bp8.7 bp −$910.3 bp −$103doesn't fitdoesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0168%8h0.1009−0.213%$153.3M$271.5M75xas long as short
Kraken Futures PF_DOGEUSD−0.0077%1h0.1009−0.281%$6.1M$33.9M50xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1012+0.052%$417K$4.9M2.8xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.1010−0.141%$608K$119K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1011−0.057%$23K150xas long as short
dYdX DOGE-USD+0.0011%1h0.1013+0.088%$227K$44K10xas long as short
Lighter DOGE+0.0096%1h0.1010−0.192%$797K$5.9M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.1012−0.015%$845$421K10xas long as short
Nado DOGE-PERP+0.0100%1h0.1012+0.015%$519K$972K10xas long as short
Aster DOGEUSDT+0.0100%8h0.1011−0.041%$5.1M$46.6M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica DOGE+0.0100%1h0.1012+0.076%$337K$511K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1009−0.216%$321.1M$1.40B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1010−0.153%$161.0M$439.0M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1010−0.143%$111.7M$974.6M50xas long as short
Arcus DOGE-USD+0.0100%1h0.1012+0.064%$28K$74K10xas long as short
Bulk DOGE-USD+0.0100%1h0.1003−0.836%$384K$5K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1010−0.173%$245.6M$131.3M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1010−0.203%$113.2M$226.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1010−0.193%$66.2M$42.4M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1010−0.163%$76.2Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1010−0.143%$366K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.1009−0.273%$996K$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1014+0.218%$271K$125.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1012+0.005%$644K$4.5M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1015+0.331%$149K$270K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1011−0.064%$268K$633K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1010−0.153%$74K$426K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1010−0.167%$25K$1K10xas long as short
SunX DOGE-USDTlong+0.0100%8h0.1012long leg$36K$2.2M30x
SoDEX DOGE-USD+0.0100%1h0.1009−0.272%$2K$3.8M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1009−0.220%$6.0M$52.9M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1009−0.213%$93.2M$17.9M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1012+0.021%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1010−0.201%$534K$3.9M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1010−0.186%$19K3xas long as short
01 Exchange DOGEUSD+0.0176%1h0.1013+0.085%$535$4K10xas long as short
Reya DOGERUSDPERP+0.0182%1h0.1011−0.036%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1009−0.222%$15.4M$25.7M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.1009−0.252%$2.0M$25.2M50xas long as short
Phoenix DOGE+0.0240%1h0.1010−0.150%$66K$283K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0247% / S −0.0271%1h0.1011−0.062%$318K200xas long as short
RISEx DOGE/USDC+0.0701%1h0.1012+0.068%$327K$404K10xas long as short
Hyperliquid DOGEshort+0.0776%1h0.1011−0.035%$123.3M$95.7M10x
Injective DOGE/USDC PERP+0.0973%1h0.1013+0.133%$5K$239K12xas long as short