Funding you earn now, next payment 04:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.143%
Price spread now: Katana Perps against Hyperliquid−0.209%51s7-day average −0.085% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.209%, 7d avg −0.085%
=Together, before fees−0.071%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Katana Perps is 0.124% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.085%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid DOGE | 0.09929 | 0.0275 | pay 0.0034% / 1h | 41m 40s | $120.8M | $100.3M | 10x |
| Short | Katana Perps DOGE-USD | 0.09908 | 0.0096 | get 0.0096% / 8h | 4h 41m | $895 | $449K | 10x |
Hyperliquid DOGE
Katana Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- −$37.58
- Price spread: −0.209% → −0.085%
- −$12.43
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$62.8
- Costs to cover
- 0.128%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; Katana Perps: no order-book sample. Net counts fees only.
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 | 0.81 bp | 6.2 bp −$6 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0057% | 8h | 0.09914 | −0.149% | $149.8M | $275.1M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09909 | −0.199% | $5.7M | $35.5M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09923 | −0.062% | $394K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09913 | −0.155% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0034% | 1h | 0.09924 | −0.047% | $223K | $49K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0069% | 1h | 0.09915 | −0.142% | $258K | $831K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09929 | +0.007% | $729K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USDshort | +0.0096% | 8h | 0.09908 | −0.209% | $895 | $449K | 10x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09911 | −0.174% | $525K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09920 | −0.093% | $4.6M | $49.0M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09927 | −0.018% | $322K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09928 | −0.008% | $317.1M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09927 | −0.018% | $161.2M | $443.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09929 | +0.002% | $110.9M | $993.1M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.441% | $380K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09912 | −0.169% | $243.1M | $133.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09929 | +0.002% | $111.4M | $234.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09927 | −0.018% | $65.5M | $43.5M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09916 | −0.129% | — | $76.7M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09910 | −0.189% | $311K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09876 | −0.535% | $1.0M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09865 | −0.643% | $293K | $129.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09876 | −0.532% | $622K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.491% | $144K | $284K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09915 | −0.139% | $69K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09911 | −0.182% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09917 | −0.115% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09909 | −0.199% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09919 | −0.099% | $5.9M | $57.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09914 | −0.149% | $91.1M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09927 | −0.019% | $18K | $7K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0103% | 1h | 0.09915 | −0.136% | $592K | $118K | 25x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09912 | −0.167% | $495K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09911 | −0.181% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09916 | −0.128% | $529 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0189% | 1h | 0.09916 | −0.127% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09901 | −0.280% | $15.5M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09885 | −0.439% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09913 | −0.156% | $310K | — | 200x | as long as short |
| Hyperliquid DOGElong | +0.0275% | 1h | 0.09929 | long leg | $120.8M | $100.3M | 10x | |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09929 | +0.002% | $2.3M | $26.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.09939 | +0.103% | $117K | $189K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09917 | −0.124% | $400K | $412K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09940 | +0.113% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Deribit DOGE_USDC-PERPETUAL
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP