Funding you earn now, next payment 05:00 UTC+0.0601%/8h= +65.8% APRnext payment +$0.75 per $10,000 · paid last 24h +0.144%
Price spread now: Hyperliquid against Lighter+0.152%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 7 days−0.078%−$8 · spread now +0.152%, 7d avg +0.031%
=Together, before fees+0.056%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.121% dearer against Lighter than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.031%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.75 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 | Lighter DOGE | 0.1047 | 0.0096 | pay 0.0012% / 1h | 54m 10s | $766K | $6.3M | 15x |
| Short | Hyperliquid DOGE | 0.1049 | 0.0697 | get 0.0087% / 1h | 54m 10s | $129.5M | $106.2M | 10x |
Lighter DOGE
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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
- $126.28
- Price spread: +0.152% → +0.031%
- $12.09
- Slippage, 4 orders
- −$15.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $113.39
- Costs to cover
- 0.250%
- Break-even
- 0.7 days
Slippage from Lighter: live order book, 4 min ago; Hyperliquid: live order book, 10 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 Lighter live order book, 4 min ago | 2.83 bp | 7.3 bp −$7 | 13.5 bp −$135 | 29.0 bp −$2,896 | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.99 bp | 6.4 bp −$6 | 6.8 bp −$68 | 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 | −0.0012% | 8h | 0.1047 | +0.018% | $142.6M | $305.1M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1051 | +0.349% | $236K | $59K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1045 | −0.175% | $614K | $167K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1044 | −0.313% | $25K | — | 150x | as long as short |
| Lighter DOGElong | +0.0096% | 1h | 0.1047 | long leg | $766K | $6.3M | 15x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1044 | −0.307% | $565K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1047 | −0.058% | $4.9M | $52.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1050 | +0.257% | $346K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1050 | +0.247% | $346.7M | $1.55B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1047 | −0.058% | $172.9M | $478.0M | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1047 | −0.039% | $118.6M | $1.13B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | −0.054% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1047 | −0.001% | $257.6M | $139.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1046 | −0.096% | $118.1M | $238.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1047 | −0.011% | $69.2M | $46.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1047 | −0.049% | — | $3.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1049 | +0.215% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1027 | −1.943% | $312K | $133.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1028 | −1.794% | $651K | $4.5M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1045 | −0.249% | $268K | $885K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1045 | −0.173% | $73K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1046 | −0.142% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1047 | −0.009% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1047 | −0.039% | $2K | $4.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1046 | −0.076% | $6.2M | $61.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1046 | −0.163% | $96.1M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1049 | +0.134% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1045 | −0.167% | $509K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1045 | −0.170% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0121% | 8h | 0.1048 | +0.037% | $2K | $479K | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0174% | 1h | 0.1027 | −1.930% | $149K | $293K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1045 | −0.238% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1047 | −0.039% | $16.4M | $27.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0240% | 1h | 0.1047 | −0.034% | $5.8M | $37.2M | 50x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.1022 | −2.386% | $66K | $292K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1047 | +0.010% | $466 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0317% | 1h | 0.1044 | −0.319% | $343K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0286% | 1h | 0.1046 | −0.087% | $346K | $1.2M | 15x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1048 | +0.037% | $2.1M | $31.3M | 50x | as long as short |
| Kalshi KXDOGEPERP | +0.0307% | 8h | 0.1048 | +0.072% | $750K | $6.1M | 2.8x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1048 | +0.075% | $114K | $199K | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0697% | 1h | 0.1049 | +0.152% | $129.5M | $106.2M | 10x | |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1048 | +0.080% | $423K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.553% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
ApeX Omni DOGEUSDT
Reya DOGERUSDPERP
BloFin DOGE-USDT
Kraken Futures PF_DOGEUSD
Phoenix DOGE
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Coinbase International DOGE-PERP-INTX
Kalshi KXDOGEPERP
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP