Funding you earn now, next payment 01:00 UTC+0.0708%/8h= +77.6% APRnext payment +$0.89 per $10,000 · paid last 24h +0.147%
Price spread now: Hyperliquid against Deribit+0.027%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.300%+$30 on $10k
+Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.027%, 7d avg +0.058%
=Together, before fees+0.299%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.031% cheaper against Deribit than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.058%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.300% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.300% in total (about 15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 per $10,000. 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 | Deribit DOGE_USDC-PERPETUAL | 0.09980 | 0 | get 0.0000% / 1h | 58m 17s | $600K | $121K | 25x |
| Short | Hyperliquid DOGE | 0.09983 | 0.0708 | get 0.0089% / 1h | 58m 17s | $117.6M | $91.0M | 10x |
Deribit DOGE_USDC-PERPETUAL
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Deribit. 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
- $148.73
- Price spread: +0.027% → +0.058%
- −$3.08
- Slippage, 4 orders
- −$15.01
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $114.65
- Costs to cover
- 0.310%
- Break-even
- 1.6 days
Slippage from Deribit: live order book, 16 min ago; Hyperliquid: live order book, 6 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 Deribit live order book, 16 min ago | 3.53 bp | 11.0 bp −$11 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.55 bp | 5.4 bp −$5 | 7.0 bp −$70 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DOGEUSDT | −0.0481% | 8h | 0.09982 | +0.021% | $92.2M | $19.1M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0207% | 8h | 0.09969 | −0.109% | $152.3M | $270.7M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0078% | 1h | 0.09976 | −0.039% | $5.9M | $33.7M | 50x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09967 | −0.128% | $224K | $44K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09982 | +0.018% | $397K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | 0.0000% | 1h | 0.09980 | long leg | $600K | $121K | 25x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09984 | +0.044% | $24K | — | 150x | as long as short |
| Polymarket Perps DOGE-USD | +0.0083% | 1h | 0.09967 | −0.129% | $264K | $567K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09987 | +0.073% | $857K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09973 | −0.069% | $867 | $396K | 10x | as long as short |
Phemex DOGEUSDT
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Polymarket Perps DOGE-USD
Lighter DOGE
Katana Perps DOGE-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.09964 | −0.154% | $511K | $977K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09984 | +0.037% | $4.8M | $46.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09981 | +0.013% | $333K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09984 | +0.040% | $317.7M | $1.39B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09979 | −0.009% | $157.5M | $435.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09979 | −0.009% | $110.0M | $958.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09983 | +0.031% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09980 | +0.001% | $382K | $12K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09972 | −0.079% | $241.5M | $125.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09977 | −0.029% | $112.2M | $221.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09970 | −0.099% | $65.8M | $42.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09977 | −0.029% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09977 | −0.029% | $379K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09975 | −0.048% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09977 | −0.028% | $258K | $121.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09979 | −0.009% | $628K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +0.001% | $146K | $253K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09978 | −0.019% | $73K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09976 | −0.044% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09989 | +0.091% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09978 | −0.019% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09981 | +0.014% | $6.0M | $52.2M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09974 | −0.060% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09974 | −0.058% | $616K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09979 | −0.006% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.09980 | +0.002% | $527 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09968 | −0.119% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09977 | −0.029% | $15.2M | $25.3M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.09979 | −0.004% | $66K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09981 | +0.011% | $2.0M | $24.4M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.09983 | +0.033% | $307K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.09983 | +0.029% | $316K | $478K | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0708% | 1h | 0.09983 | +0.027% | $117.6M | $91.0M | 10x | |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1000 | +0.201% | $5K | $239K | 12x | as long as short |
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Injective DOGE/USDC PERP