Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Nado−0.028%57s7-day average −0.017% · you buy dearer than you sell

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.028%, 7d avg −0.017%

Together, before fees−0.088%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DOGE-PERP	0.09870	0.0100	pay 0.0012% / 1h	50m 37s	$525K	$1.0M	10x
Short	Variational Omni DOGE	0.09868	0.0100	get 0.0100% / 8h	4h 50m	$979K	$8.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. 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 NadobpFee Variational OmnibpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.017%: −$1.03
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.03
Costs to cover: 0.070%
Break-even: 825322195713678.0 days

Slippage unknown: Nado: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 3 min ago	1.01 bp	7.6 bp −$8	17.7 bp −$177	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.53 bp	doesn't fit	8.6 bp −$86	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	−0.0062%	8h	0.09866	−0.046%	$149.1M	$274.7M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.09873	+0.022%	$5.7M	$35.4M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09874	+0.031%	$429K	$5.2M	2.8x	as long as short
dYdX DOGE-USD	+0.0001%	1h	0.09873	+0.021%	$222K	$49K	10x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09869	−0.016%	$23K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0013%	1h	0.09873	+0.021%	$590K	$118K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0036%	1h	0.09870	−0.005%	$256K	$823K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09881	+0.101%	$745K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09871	+0.005%	$892	$449K	10x	as long as short
Nado DOGE-PERPlong	+0.0100%	1h	0.09870	long leg	$525K	$1.0M	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09895	+0.249%	$4.5M	$48.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09880	+0.096%	$321K	$482K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09877	+0.066%	$315.3M	$1.45B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09875	+0.046%	$159.5M	$442.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09878	+0.076%	$110.1M	$985.0M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09930	+0.603%	$381K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09870	−0.005%	$241.5M	$132.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09875	+0.046%	$111.2M	$233.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09897	+0.268%	$65.3M	$43.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09871	+0.005%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09879	+0.086%	$310K	$1.1M	15x	as long as short
Variational Omni DOGEshort	+0.0100%	8h	0.09868	−0.028%	$979K	$8.1M	—
edgeX DOGEUSDC	+0.0100%	4h	0.09908	+0.377%	$295K	$129.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09916	+0.457%	$624K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09910	+0.400%	$144K	$283K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09871	+0.005%	$69K	$436K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09870	−0.002%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09874	+0.037%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09873	+0.025%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09866	−0.050%	$5.9M	$57.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09880	+0.096%	$90.9M	$16.5M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09890	+0.200%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09872	+0.014%	$495K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09870	−0.003%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09879	+0.091%	$527	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0188%	1h	0.09874	+0.033%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09879	+0.086%	$15.5M	$25.0M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.09913	+0.430%	$64K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09871	+0.001%	$309K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.09875	+0.046%	$2.3M	$26.5M	50x	as long as short
Hyperliquid DOGE	+0.0308%	1h	0.09906	+0.364%	$120.5M	$100.0M	10x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.09886	+0.157%	$117K	$189K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.09881	+0.101%	$399K	$411K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09940	+0.704%	$5K	$239K	12x	as long as short