Funding you earn now, next payment 11:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.123%
Price spread now: Hyperliquid against Kraken Futures+0.066%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.066%, 7d avg +0.062%
=Together, before fees+0.100%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOGEUSD | 0.09775 | −0.0140 | get 0.0018% / 1h | 28m 19s | $5.2M | $38.9M | 50x |
| Short | Hyperliquid DOGE | 0.09782 | 0.0100 | get 0.0013% / 1h | 28m 19s | $121.1M | $107.9M | 10x |
Kraken Futures PF_DOGEUSD
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. 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
- $50.48
- Price spread: +0.066% → +0.062%
- $0.39
- Slippage, 4 orders
- −$10.13
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $21.74
- Costs to cover
- 0.291%
- Break-even
- 4.0 days
Slippage from Kraken Futures: 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 Kraken Futures live order book, 4 min ago | 1.53 bp | 9.8 bp −$10 | 13.2 bp −$132 | 33.6 bp −$3,360 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.31 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
DOGE on 43 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSDlong | −0.0140% | 1h | 0.09775 | long leg | $5.2M | $38.9M | 50x | |
| Bitget DOGEUSDT | −0.0046% | 8h | 0.09769 | −0.066% | $137.9M | $295.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09770 | −0.054% | $501K | $6.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09779 | +0.033% | $547K | $291K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09774 | −0.015% | $32K | — | 150x | as long as short |
| Bybit DOGEUSDT | +0.0018% | 8h | 0.09771 | −0.045% | $164.3M | $492.5M | 75x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +7.719% | $6K | $240K | 12x | as long as short |
| 01 Exchange DOGEUSD | +0.0040% | 1h | 0.09778 | +0.026% | $450 | $4K | 10x | as long as short |
| Gate DOGE_USDT | +0.0046% | 8h | 0.09770 | −0.056% | $249.7M | $145.8M | 75x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09774 | −0.014% | $18K | $311K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Bybit DOGEUSDT
Injective DOGE/USDC PERP
01 Exchange DOGEUSD
Gate DOGE_USDT
Phoenix DOGEShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter DOGE | +0.0096% | 1h | 0.09778 | +0.025% | $808K | $6.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09769 | −0.066% | $2K | $539K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09771 | −0.050% | $18K | $5K | 30x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09772 | −0.035% | $503K | $1.1M | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0100% | 1h | 0.09782 | +0.066% | $121.1M | $107.9M | 10x | |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09774 | −0.010% | $4.9M | $57.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09774 | −0.012% | $311K | $441K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09776 | +0.006% | $322.9M | $1.60B | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09776 | +0.006% | $116.5M | $1.09B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09777 | +0.016% | $15K | $308K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09775 | −0.004% | $110.0M | $250.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09774 | −0.015% | $63.8M | $44.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09774 | −0.015% | — | $46.0M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09770 | −0.056% | $303K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09762 | −0.135% | $1.3M | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09767 | −0.091% | $257K | $129.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09770 | −0.056% | $626K | $3.9M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09770 | −0.056% | $137K | $344K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09771 | −0.047% | $225K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09776 | +0.006% | $67K | $421K | 50x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09778 | +0.031% | $34K | $1.9M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09776 | +0.006% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09780 | +0.042% | $5.9M | $64.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09775 | −0.004% | $89.2M | $15.5M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09815 | +0.405% | $375K | $2K | 10x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09770 | −0.058% | $478K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09774 | −0.017% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0187% | 1h | 0.09773 | −0.028% | $229K | $75K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0207% | 1h | 0.09771 | −0.045% | $2K | — | 20x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0210% / S −0.0184% | 1h | 0.09773 | −0.023% | $283K | — | 200x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09770 | −0.056% | $15.4M | $25.5M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0264% | 1h | 0.09774 | −0.015% | $2.3M | $32.7M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0587% | 1h | 0.09780 | +0.044% | $406K | $391K | 10x | as long as short |
Lighter DOGE
Katana Perps DOGE-USD
Paradex DOGE-USD-PERP
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Bulk DOGE-USD
Extended DOGE-USD
Aevo DOGE-PERP
dYdX DOGE-USD
Reya DOGERUSDPERP
GMX DOGE/USD [ETH-USDC]
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC