Funding you earn now, next payment 05:00 UTC−0.0590%/8h= −64.6% APRnext payment −$0.74 per $10,000 · paid last 24h −0.149%
Price spread now: dYdX against Hyperliquid+0.017%55s7-day average −0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days−0.222%−$22 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.017%, 7d avg −0.082%
=Together, before fees−0.276%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.099% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.082%): +$10 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.222% in total) that is about 3.1 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.222% in total (about -11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.74 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 | Hyperliquid DOGE | 0.1047 | 0.0590 | pay 0.0074% / 1h | 49m 52s | $129.3M | $106.9M | 10x |
| Short | dYdX DOGE-USD | 0.1047 | 0 | get 0.0000% / 1h | 49m 52s | $235K | $70K | 10x |
Hyperliquid DOGE
dYdX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$123.81
- Price spread: +0.017% → −0.082%
- $9.9
- Slippage, 4 orders
- −$64.88
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$197.79
- Costs to cover
- 0.839%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; dYdX: live order book, 4 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 Hyperliquid live order book, 4 min ago | 0.47 bp | 7.8 bp −$8 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 4 min ago | 24.26 bp | 29.3 bp −$29 | 209.6 bp −$2,096 | 260.7 bp −$26.1K | 445.2 bp −$222.6K |
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 | −0.0003% | 8h | 0.1045 | −0.125% | $141.7M | $307.1M | 75x | as long as short |
| dYdX DOGE-USDshort | 0.0000% | 1h | 0.1047 | +0.017% | $235K | $70K | 10x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1045 | −0.177% | $25K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1046 | −0.048% | $753K | $6.3M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1046 | −0.092% | $566K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1046 | −0.051% | $5.1M | $52.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1047 | +0.094% | $345K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1045 | −0.161% | $345.1M | $1.56B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1045 | −0.106% | $172.4M | $484.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1045 | −0.106% | $118.7M | $1.14B | 50x | as long as short |
Bitget DOGEUSDT
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | +0.012% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1045 | −0.106% | $257.7M | $141.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1046 | −0.039% | $117.7M | $239.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1046 | −0.049% | $69.2M | $47.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1046 | −0.068% | — | $78.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1052 | +0.483% | $1.2M | $8.3M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1052 | +0.550% | $319K | $133.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1055 | +0.811% | $668K | $4.5M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1047 | +0.009% | $269K | $889K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1046 | −0.077% | $73K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1045 | −0.097% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1046 | −0.017% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1046 | −0.030% | $2K | $4.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1046 | −0.094% | $6.2M | $62.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1046 | −0.030% | $96.2M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1046 | −0.070% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1045 | −0.100% | $506K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1046 | −0.080% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0126% | 8h | 0.1046 | −0.097% | $1K | $483K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0164% | 1h | 0.1046 | −0.068% | $348K | $1.2M | 15x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1047 | +0.030% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1051 | +0.458% | $16.3M | $27.5M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0228% | 1h | 0.1046 | −0.056% | $589K | $242K | 25x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1050 | +0.356% | $68K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0241% | 1h | 0.1046 | −0.068% | $5.7M | $37.6M | 50x | as long as short |
| Kalshi KXDOGEPERP | +0.0242% | 8h | 0.1046 | −0.026% | $756K | $6.1M | 2.8x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1046 | −0.059% | $465 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0320% | 1h | 0.1045 | −0.146% | $345K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1047 | +0.028% | $2.0M | $31.9M | 50x | as long as short |
| Hyperliquid DOGElong | +0.0590% | 1h | 0.1047 | long leg | $129.3M | $106.9M | 10x | |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1047 | +0.009% | $114K | $200K | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0688% | 1h | 0.1053 | +0.620% | $165K | $306K | 25x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1047 | +0.017% | $422K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.620% | $6K | $242K | 12x | as long as short |
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
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
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Backpack DOGE_USDC_PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
ApeX Omni DOGEUSDT
RISEx DOGE/USDC
Injective DOGE/USDC PERP