Funding you earn now, next payment 02:00 UTC+0.0701%/8h= +76.7% APRpaid last 24h +0.161%
Price spread now: Hyperliquid against Kalshi+0.108%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$360.355% of the position
Funding, last 7 days+0.315%+$31 on $10k
+Price spread, last 7 days−0.135%−$13 · spread now +0.108%, 7d avg +0.060%
=Together, before fees+0.180%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.047% dearer against Kalshi than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.060%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.315% in total (about 16.4% 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 | Kalshi KXDOGEPERP | 0.09947 | 0 | get 0.0000% / 8h | 2h 44m | $409K | $4.9M | 2.8x |
| Short | Hyperliquid DOGE | 0.09957 | 0.0701 | get 0.0088% / 1h | 44m 41s | $121.0M | $97.0M | 10x |
Kalshi KXDOGEPERP
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kalshi. 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
- $147.14
- Price spread: +0.108% → +0.060%
- $4.74
- Slippage, 4 orders
- −$16.52
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $116.36
- Costs to cover
- 0.355%
- Break-even
- 1.5 days
Slippage from Kalshi: live order book, 4 min ago; Hyperliquid: live order book, 9 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 Kalshi live order book, 4 min ago | 4.40 bp | 11.8 bp −$12 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.45 bp | 7.3 bp −$7 | 8.5 bp −$85 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0139% | 8h | 0.09936 | −0.109% | $150.8M | $273.0M | 75x | as long as short |
| Kalshi KXDOGEPERPlong | 0.0000% | 8h | 0.09947 | long leg | $409K | $4.9M | 2.8x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09940 | −0.064% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0037% | 1h | 0.09940 | −0.068% | $223K | $59K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09937 | −0.098% | $5.8M | $34.0M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09948 | +0.014% | $764K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09945 | −0.018% | $831 | $429K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09950 | +0.027% | $488K | $976K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09940 | −0.068% | $4.7M | $47.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09949 | +0.022% | $329K | $503K | 20x | as long as short |
Bitget DOGEUSDT
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09945 | −0.020% | $315.9M | $1.42B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09939 | −0.078% | $157.7M | $441.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09944 | −0.028% | $109.2M | $971.5M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09958 | +0.113% | $128K | $181K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | +0.433% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09943 | −0.038% | $240.9M | $129.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09944 | −0.028% | $110.8M | $225.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09944 | −0.028% | $65.2M | $42.7M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09949 | +0.022% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09947 | +0.002% | $351K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09951 | +0.042% | $969K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09983 | +0.365% | $268K | $127.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09976 | +0.294% | $637K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +0.334% | $146K | $275K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09940 | −0.069% | $256K | $640K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09941 | −0.058% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09941 | −0.055% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09947 | +0.005% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09941 | −0.058% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09945 | −0.019% | $6.0M | $54.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09942 | −0.048% | $91.7M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09941 | −0.059% | $526K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09940 | −0.071% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0112% | 1h | 0.09942 | −0.043% | $594K | $119K | 25x | as long as short |
| Paradex DOGE-USD-PERP | +0.0116% | 8h | 0.09940 | −0.068% | $18K | $7K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0183% | 1h | 0.09942 | −0.050% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09948 | +0.009% | $530 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09978 | +0.314% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09951 | +0.042% | $2.0M | $24.9M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09962 | +0.153% | $65K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0268% | 1h | 0.09939 | −0.075% | $310K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09950 | +0.037% | $320K | $406K | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0701% | 1h | 0.09957 | +0.108% | $121.0M | $97.0M | 10x | |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09970 | +0.233% | $5K | $239K | 12x | as long as short |
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
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Injective DOGE/USDC PERP