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Dogecoin vs Polygon Comparison

Side-by-side comparison of DOGE and MATIC on Hyperliquid perpetual futures

DOGE
$0.0921
-1.04% (24h)
View DOGE Analysis
MATIC
$0.3762
+0.00% (24h)
View MATIC Analysis

DOGE vs MATIC Comparison Table

MetricDOGEMATICEdge
Price$0.0921$0.3762-
24h Change-1.04%+0.00%MATIC
24h Volume$7.00M$0DOGE
Open Interest$22.44M$0DOGE
Funding Rate (8h)-0.0023%+0.0000%DOGE
Annualized Funding-2.53%+0.00%-

Derivatives Comparison

Funding Rate Comparison

DOGE has a funding rate of -0.0023% (8h), while MATIC sits at +0.0000% (8h).

DOGE has a higher absolute funding rate, meaning shorts are paying more to hold positions. This suggests stronger directional conviction in DOGE.

Open Interest Context

DOGE has $22.44M in open interest with an OI/Volume ratio of 3.21.MATIC has $0 with a ratio of 0.00.

DOGE has a higher OI/Volume ratio, indicating more sustained positions relative to trading activity. This typically means traders are holding longer-term directional bets.

Volume Context

DOGE traded $7.00M in the last 24 hours, while MATIC traded $0.

DOGE is more actively traded, which generally means tighter spreads, better execution, and lower slippage for traders. Higher volume also tends to reflect greater market interest and liquidity.

Quick Links

Explore DOGE

DOGE Overview DOGE Funding Rate DOGE Alerts

Explore MATIC

MATIC Overview MATIC Funding Rate MATIC Alerts

Trading Tools

Liquidation Calculator PnL Calculator Funding Rate Calculator

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Frequently Asked Questions

Dogecoin (DOGE) and Polygon (MATIC) are both available as perpetual futures on Hyperliquid. They differ in price, market capitalization, trading volume, and funding rates. DOGE currently trades at $0.0921 while MATIC trades at $0.3762. Each has its own funding rate dynamics, open interest levels, and volatility profile, making them suitable for different trading strategies.
Currently, DOGE has a higher absolute funding rate (-0.0023% per 8h) compared to MATIC (+0.0000% per 8h). A higher funding rate means traders on the paying side incur greater costs, but it can also present funding rate arbitrage opportunities.
The choice between trading DOGE and MATIC depends on your strategy and risk tolerance. DOGE has a 24h volume of $7.00M and open interest of $22.44M, while MATIC has $0 volume and $0 open interest. Higher volume typically means tighter spreads and better execution. Consider each asset's funding rate, volatility, and your own thesis when deciding. You can trade both on Beacon with real-time analytics.
DOGE currently has higher open interest, indicating more capital committed to open positions. DOGE has $22.44M in open interest while MATIC has $0. Higher open interest generally signals stronger market conviction and can lead to more volatile moves when liquidations cascade. The OI-to-volume ratio also matters - a higher ratio suggests more sustained positioning rather than purely speculative day trading.
Yes, both Dogecoin (DOGE) and Polygon (MATIC) perpetual futures are available on Hyperliquid and can be traded through Beacon. You can open positions in both assets simultaneously, allowing for pair trades, hedging strategies, or portfolio diversification. Beacon provides real-time data, signals, and analytics for both assets to help inform your trading decisions.

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