Funding you earn now, next payment 05:00 UTC−0.0269%/8h= −29.4% APRpaid last 24h −0.145%
Price spread now: edgeX against Hyperliquid+0.246%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs+$6as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days−0.271%−$27 · spread now +0.246%, 7d avg −0.081%
=Together, before fees−0.391%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.327% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.246% now, against its 7-day average of −0.081%): +$33 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.120% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.2% 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 | 0.1001 | 0.0369 | pay 0.0046% / 1h | 1m 27s | $125.0M | $113.2M | 10x |
| Short | edgeX DOGEUSDC | 0.1004 | 0.0100 | get 0.0050% / 4h | 3h 01m | $320K | $137.4M | 20x |
Hyperliquid DOGE
edgeX DOGEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$56.42
- Price spread: +0.246% → −0.081%
- $32.73
- Slippage, 4 orders
- −$8.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$50.03
- Costs to cover
- 0.263%
- Break-even
- from the start
Slippage from Hyperliquid: live order book, 12 min ago; edgeX: live order book, 3 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, 12 min ago | 0.49 bp | 6.4 bp −$6 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 2.49 bp | 7.0 bp −$7 | 7.3 bp −$73 | 15.0 bp −$1,498 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1002 | +0.121% | $660K | $6.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09997 | −0.142% | $34K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0016% | 1h | 0.09988 | −0.233% | $224K | $70K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09998 | −0.127% | $737K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1000 | −0.060% | $549K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.060% | $4.5M | $56.0M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09990 | −0.210% | $319K | $520K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09998 | −0.125% | $326.4M | $1.65B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.080% | $162.8M | $508.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1000 | −0.080% | $113.8M | $1.15B | 50x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX 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 | 0.1002 | +0.079% | $385K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1000 | −0.100% | $246.9M | $149.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | −0.020% | $111.6M | $249.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | −0.050% | $65.8M | $48.6M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.080% | $129.8M | $320.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09998 | −0.130% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1002 | +0.060% | $319K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1010 | +0.866% | $1.1M | $8.6M | — | as long as short |
| edgeX DOGEUSDCshort | +0.0100% | 4h | 0.1004 | +0.246% | $320K | $137.4M | 20x | |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1008 | +0.673% | $638K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1003 | +0.190% | $151K | $332K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09998 | −0.126% | $260K | $1.1M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1000 | −0.100% | $65K | $464K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09998 | −0.128% | $19K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.178% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1003 | +0.170% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.116% | $5.9M | $66.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1002 | +0.130% | $92.2M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09989 | −0.223% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09992 | −0.191% | $478K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1000 | −0.079% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0118% | 8h | 0.09999 | −0.120% | $1K | $512K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0159% | 1h | 0.1003 | +0.196% | $569K | $247K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0193% | 1h | 0.1000 | −0.072% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1002 | +0.110% | $16.1M | $26.7M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09997 | −0.135% | $445 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1008 | +0.658% | $18K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0251% | 1h | 0.1003 | +0.144% | $5.5M | $40.0M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0253% / S −0.0286% | 1h | 0.09996 | −0.145% | $329K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1003 | +0.220% | $2.1M | $33.5M | 50x | as long as short |
| Hyperliquid DOGElong | +0.0369% | 1h | 0.1001 | long leg | $125.0M | $113.2M | 10x | |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1001 | −0.050% | $108K | $207K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1000 | −0.110% | $403K | $436K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +5.184% | $6K | $242K | 12x | as long as short |
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
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
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Phoenix DOGE
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP