Live data
Dogecoin (DOGE) perpetual futures
Live funding rates, open interest, and measured trade costs for Dogecoin. 30 venues in the PerpFinder venue map list DOGE perps.
At a glance
This DOGE funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists DOGE.
- Highest annualized funding
- +10.95%Hyperliquid
- Executable spread
- 10.95% annualizedHyperliquid vs dYdX
More
The highest executable annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
The executable spread between Hyperliquid and dYdX is 10.95% annualized, from 2 venues that report open interest.
Hyperliquid and dYdX report $76.5m of open interest across the venues in this snapshot that publish it.
The DOGE price in this snapshot comes from Hyperliquid at $0.0899.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
dYdXDEXOpen interest
Per-exchange open interest
HyperliquiddYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
This panel measures the fee, the half-spread and the price impact from live order books when you open the page. The last recorded sweep values are on the cost comparison tool.
Where to Trade Dogecoin (DOGE) Perpetual Futures
27 of the 30 venues that list DOGE perps have a PerpFinder review page. The table compares fees, leverage, and features for those 27.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | DOGE → | |
| 0.010% | 0.050% | 50x | 9.0 | DOGE → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens pool imbalance | 100x | 8.5 | DOGE → | ||
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | DOGE → | ||
| 0.010% | 0.035% | 50x | 8.0 | DOGE → | |
| 0.020% | 0.050% | 100x | 8.0 | DOGE → | |
| 0.010% | 0.020% | 100x | 7.8 | DOGE → | |
| Free | 0.030% | 50x | 7.8 | DOGE → | |
| -0.010% | 0.017% | 1000x | 7.8 | DOGE → | |
| 0.050% | 0.080% | 20x | 7.5 | DOGE → | |
| Free | 0.040% | 100x | 7.5 | DOGE → | |
| 0.012% | 0.038% | 100x | 7.5 | DOGE → | |
| Free | 0.000% | 50x | 7.5 | DOGE → | |
| Free | 0.000% | 50x | 7.5 | DOGE → | |
| 0.03% when opening and again when closing; Regular Tier 0 fee for each executed position increase or decrease. Volume tiers can lower it. Price impact and funding are separate. | 100x | 7.5 | DOGE → | ||
| 0.01% or 0.045% when opening and again when closing; crypto standard perps; 0.01% improves the open-interest balance, 0.045% worsens it; forex, commodity and equity markets are 0% and Upside Perps use profit sharing | 100x | 7.0 | DOGE → | ||
| 0.045% or 0.055% when opening and again when closing; VIP Tier 0; 0.045% when an executed open, increase, close, or decrease improves long-short open-interest balance, and 0.055% when it worsens that balance | 100x | 7.0 | DOGE → | ||
| Free | 0.025% | 100x | 7.0 | DOGE → | |
| -0.000% | 0.045% | 50x | 7.0 | DOGE → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens the long and short balance | 100x | 6.5 | DOGE → | ||
| 0.020% | 0.050% | 100x | 6.5 | DOGE → | |
| 0.020% | 0.050% | 50x | 6.5 | DOGE → | |
| 0.015% | 0.040% | 50x | 6.5 | DOGE → | |
| 0.010% | 0.040% | 40x | 6.5 | DOGE → | |
| Free | 0.045% | 50x | 6.5 | DOGE → | |
| 0.010% | 0.035% | 100x | 6.0 | DOGE → | |
| 0.020% | 0.050% | 100x | 6.0 | DOGE → | |
Market Overview
DOGE perps have a funding profile unlike any other major derivative. The asset's price is primarily retail-driven — social media sentiment, Elon Musk posts, and coordinated retail buying cycles create funding rate spikes that can reach triple-digit annualized levels within hours. Read the funding rates tool for the current DOGE rate on each venue that quotes it.
Venue depth and CEX concentration
DOGE perps are almost entirely a CEX market. Binance, Bybit, and OKX handle the overwhelming majority of DOGE perp volume, with DEX venues accounting for a small share. Hyperliquid lists DOGE perps but depth is limited relative to Binance. This concentration is partly structural: DOGE traders are typically retail-oriented and operate via CEX accounts rather than self-custody wallets.
Coinalyze's DOGE data shows DOGE OI spiking sharply during social-media-driven rallies, often 2-3x normal levels within 24 hours, then deflating rapidly as the event fades.
The funding spike pattern
A social media post can trigger a DOGE price surge, and retail traders then open leveraged long positions. Funding turns positive when that long pressure builds faster than short-side arbitrage can absorb it. Read the funding rates tool for the rate each venue quotes now.
The short-side funding collection trade on DOGE — opening a short position during high-funding periods to collect the incoming payments — is well-known but carries real liquidation risk. A continued rally drives both the position against you and the cost of maintaining it. The funding rates tool lets you track real-time DOGE funding across all venues before attempting this.
Leverage and volatility risk
DOGE can move 20-40% in a single session during peak retail cycles. At 10x leverage, a 10% adverse move eliminates the margin. PerpFinder recommends isolated margin for all DOGE positions and suggests sizing no more than 1-2% of total capital per trade given the unpredictability of the catalyst timeline.
Liquidation cascades on DOGE are sharp and fast — the asset lacks the institutional support that absorbs large BTC or ETH liquidation waves. Check the liquidations dashboard for recent DOGE liquidation clusters before entering. Compare DOGE fee costs across venues at the cost comparison tool.
Trading Tips for Dogecoin Perps
DOGE funding rates can reach extreme levels during social media rallies, creating profitable short-side funding collection opportunities. Keep leverage low (3-5x max) given the unpredictable volatility, and always use isolated margin to cap downside on memecoin trades.
Frequently Asked Questions — Dogecoin (DOGE)
What is the current DOGE perpetual futures funding rate?
The live Dogecoin (DOGE) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists DOGE perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest DOGE perp trading fees?
Among 21 tracked DOGE venues with comparable order-book schedules, Paradex lists the lowest taker fee at 0.000%. Lighter lists 0.000%. 6 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does Dogecoin open interest compare across exchanges?
The Dogecoin (DOGE) open-interest chart shows the total value of outstanding DOGE derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the DOGE long/short ratio indicate?
The Dogecoin long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade DOGE perpetual futures?
Dogecoin (DOGE) perps are listed on 27 exchanges, including Hyperliquid, dYdX, GMX, Gains Network, and Bluefin, plus 22 more. The "Where to Trade Dogecoin (DOGE) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: Memecoin · Data updates every 2 minutes · All rates shown are annualized