Funding you earn now, next payment 22:00 UTC+0.0343%/8h= +37.5% APRnext payment +$0.43 per $10,000 · paid last 24h +0.105%
Price spread now: Hyperliquid against Pacifica+0.077%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.077%, 7d avg +0.055%
=Together, before fees−0.004%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.022% dearer against Pacifica than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.055%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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 | Pacifica DOGE | 0.09844 | 0.0100 | pay 0.0013% / 1h | 32m 37s | $335K | $505K | 20x |
| Short | Hyperliquid DOGE | 0.09852 | 0.0443 | get 0.0055% / 1h | 32m 37s | $109.0M | $78.8M | 10x |
Pacifica DOGE
Hyperliquid DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Pacifica. 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
- $71.98
- Price spread: +0.077% → +0.055%
- $2.23
- Slippage, 4 orders
- −$11
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $46.2
- Costs to cover
- 0.280%
- Break-even
- 2.5 days
Slippage from Pacifica: live order book, 56 min ago; Hyperliquid: live order book, 11 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 Pacifica live order book, 56 min ago | 1.50 bp | 6.1 bp −$6 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.56 bp | 6.1 bp −$6 | doesn't fit | 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 | −0.0279% | 8h | 0.09833 | −0.111% | $151.3M | $260.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09838 | −0.065% | $356K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09832 | −0.116% | $615K | $95K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09827 | −0.173% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0064% | 8h | 0.09837 | −0.070% | $234.0M | $119.2M | 75x | as long as short |
| dYdX DOGE-USD | +0.0072% | 1h | 0.09845 | +0.006% | $221K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09849 | +0.049% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09838 | −0.060% | $822 | $335K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09846 | +0.021% | $781K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09834 | −0.095% | $624K | $695K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
dYdX DOGE-USD
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09843 | −0.011% | $4.9M | $40.6M | 75x | as long as short |
| Pacifica DOGElong | +0.0100% | 1h | 0.09844 | long leg | $335K | $505K | 20x | |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09842 | −0.020% | $312.9M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09839 | −0.050% | $155.9M | $397.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09847 | +0.031% | $107.4M | $880.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09850 | +0.062% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09919 | +0.762% | $380K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09843 | −0.009% | $117.9M | $214.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09842 | −0.019% | $64.8M | $39.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09843 | −0.009% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09842 | −0.018% | $917K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09864 | +0.200% | $262K | $111.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09867 | +0.235% | $627K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09860 | +0.164% | $140K | $222K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09833 | −0.112% | $270K | $531K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09831 | −0.131% | $56K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09830 | −0.145% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09862 | +0.186% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09831 | −0.131% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09828 | −0.163% | $5.9M | $46.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09830 | −0.141% | $91.2M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09842 | −0.024% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09839 | −0.051% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09834 | −0.106% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09832 | −0.116% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09845 | +0.013% | $520 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0209% | 1h | 0.09837 | −0.070% | $520K | $934K | 15x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09832 | −0.121% | $15.1M | $23.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09835 | −0.090% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09826 | −0.180% | $303K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0291% | 1h | 0.09828 | −0.167% | $5.9M | $31.6M | 50x | as long as short |
| Hyperliquid DOGEshort | +0.0443% | 1h | 0.09852 | +0.077% | $109.0M | $78.8M | 10x | |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09850 | +0.062% | $307K | $470K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09880 | +0.367% | $5K | $153K | 12x | as long as short |
Aster DOGEUSDT
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Injective DOGE/USDC PERP