Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%
Price spread now: Variational Omni against Backpack−0.193%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.012%−$1 on $10k
Price spread, last 7 days+0.161%+$16 · spread now −0.193%, 7d avg −0.003%
Together, before fees+0.149%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.189% cheaper against Backpack than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack DOGE_USDC_PERP0.099310.0100pay 0.0013% / 1h55m 01s$311K$1.1M15x
ShortVariational Omni DOGE0.099120.0100get 0.0100% / 8h4h 55m$973K$8.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Backpack. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.193% → −0.003%
−$18.93
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$28.93
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Backpack: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 4 min ago0.50 bp6.8 bp −$716.0 bp −$160doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago3.54 bpdoesn't fit7.6 bp −$76doesn't fitdoesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0064%8h0.09926−0.050%$150.0M$274.4M75xas long as short
Kraken Futures PF_DOGEUSD−0.0032%1h0.09932+0.009%$5.7M$35.4M50xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09935+0.037%$430K$5.1M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09928−0.031%$23K150xas long as short
dYdX DOGE-USD+0.0002%1h0.09908−0.235%$222K$49K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0092%1h0.09935+0.036%$594K$118K25xas long as short
Lighter DOGE+0.0096%1h0.09937+0.060%$749K$6.2M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.09904−0.272%$895$446K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09906−0.252%$527K$1.0M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09931−0.004%$4.7M$48.9M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica DOGE+0.0100%1h0.09910−0.210%$322K$482K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09929−0.020%$317.2M$1.45B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09928−0.030%$160.6M$441.3M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09930−0.010%$110.8M$989.9M50xas long as short
Gate DOGE_USDT+0.0100%8h0.09929−0.020%$243.0M$132.5M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09935+0.040%$112.4M$232.8M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09929−0.020%$65.6M$43.4M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09936+0.050%$76.4Mas long as short
Backpack DOGE_USDC_PERPlong+0.0100%1h0.09931long leg$311K$1.1M15x
Variational Omni DOGEshort+0.0100%8h0.09912−0.193%$973K$8.2M
edgeX DOGEUSDC+0.0100%4h0.09876−0.550%$293K$128.8M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09883−0.479%$622K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09870−0.614%$143K$282K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09910−0.215%$255K$766K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09933+0.020%$70K$438K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09933+0.019%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09934+0.032%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.099310.000%$2K$3.9M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09905−0.261%$5.9M$56.9M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09933+0.020%$91.3M$16.6M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09900−0.312%$379K$010xas long as short
Paradex DOGE-USD-PERP+0.0101%8h0.09909−0.222%$18K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.09929−0.022%$495K$4.0M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09933+0.021%$19K3xas long as short
Reya DOGERUSDPERP+0.0188%1h0.09917−0.138%$2K20xas long as short
01 Exchange DOGEUSD+0.0200%1h0.09913−0.177%$528$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.09933+0.020%$15.6M$25.1M75xas long as short
Phoenix DOGE+0.0240%1h0.09915−0.164%$64K$288K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0246% / S −0.0269%1h0.09927−0.045%$310K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0296%1h0.09941+0.101%$2.3M$26.6M50xas long as short
Hyperliquid DOGE+0.0372%1h0.09943+0.121%$121.1M$99.8M10xas long as short
Arcus DOGE-USD+0.0690%1h0.09922−0.091%$117K$189K10xas long as short
RISEx DOGE/USDC+0.0695%1h0.09916−0.149%$400K$411K10xas long as short
Injective DOGE/USDC PERP+0.1004%1h0.09950+0.191%$5K$239K12xas long as short