Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit+0.631%7-day average −0.016% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.642%−$64 · spread now +0.631%, 7d avg −0.016%

Together, before fees−0.632%+ Points / potential airdropVariational Omni: Active · farm board−$63 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 0.647% dearer against Bybit than usual: you sell high and buy low, +$65 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.1041	0.0100	pay 0.0100% / 8h	3h 32m	$173.0M	$492.1M	75x
Short	Variational Omni DOGE	0.1048	0.0100	get 0.0100% / 8h	3h 32m	$1.2M	$8.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee Variational OmnibpOrdersPrice spread, now +0.631%Rate

Funding earned: $0
Price spread: +0.631% → −0.016%: $64.67
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $53.67
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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 Bybit live order book, 2 min ago	0.48 bp	9.4 bp −$9	11.8 bp −$118	23.2 bp −$2,315	47.5 bp −$23.8K
Sell Variational Omni RFQ quote, 2 min ago	4.78 bp	doesn't fit	14.3 bp −$143	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
Kalshi KXDOGEPERP	0.0000%	8h	0.1044	+0.311%	$738K	$6.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1041	+0.004%	$25K	—	150x	as long as short
dYdX DOGE-USD	+0.0003%	1h	0.1045	+0.376%	$235K	$70K	10x	as long as short
Bitget DOGEUSDT	+0.0040%	8h	0.1042	+0.058%	$137.1M	$313.9M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1043	+0.128%	$740K	$6.4M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1042	+0.091%	$565K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1042	+0.072%	$5.0M	$54.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1045	+0.403%	$337K	$514K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1042	+0.030%	$346.8M	$1.59B	75x	as long as short
Bybit DOGEUSDTlong	+0.0100%	8h	0.1041	long leg	$173.0M	$492.1M	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1041	−0.010%	$119.2M	$1.16B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1046	+0.487%	$402K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1041	+0.010%	$258.0M	$143.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1041	−0.029%	$118.4M	$242.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1041	0.000%	$68.7M	$47.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1042	+0.048%	—	$79.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1045	+0.355%	$352K	$1.2M	15x	as long as short
Variational Omni DOGEshort	+0.0100%	8h	0.1048	+0.631%	$1.2M	$8.4M	—
edgeX DOGEUSDC	+0.0100%	4h	0.1050	+0.830%	$335K	$135.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1050	+0.884%	$664K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1053	+1.133%	$154K	$324K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1043	+0.144%	$263K	$954K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1042	+0.096%	$73K	$446K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1042	+0.089%	$26K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1042	+0.084%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1042	+0.077%	$2K	$5.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1042	+0.070%	$6.2M	$64.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1042	+0.048%	$95.8M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.1044	+0.273%	$19K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1042	+0.062%	$504K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1042	+0.077%	$20K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0124%	8h	0.1044	+0.250%	$998	$494K	10x	as long as short
Reya DOGERUSDPERP	+0.0192%	1h	0.1041	+0.025%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1045	+0.394%	$16.7M	$27.5M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0230%	1h	0.1042	+0.112%	$587K	$242K	25x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1055	+1.313%	$19K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0242%	1h	0.1042	+0.050%	$5.6M	$38.4M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0260% / S −0.0320%	1h	0.1041	+0.016%	$344K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1044	+0.313%	$464	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1042	+0.115%	$2.2M	$32.8M	50x	as long as short
Hyperliquid DOGE	+0.0547%	1h	0.1043	+0.162%	$130.4M	$108.9M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1045	+0.384%	$113K	$200K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1045	+0.346%	$422K	$427K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+1.133%	$6K	$242K	12x	as long as short