Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Variational Omni+0.089%7-day average +0.060% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.089%, 7d avg +0.060%

Together, before fees−0.045%+ Points / potential airdropVariational Omni: Active · farm board−$4 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: ApeX Omni is 0.030% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DOGE	0.09851	0.0100	pay 0.0100% / 8h	5h 58m	$1.3M	$7.8M	—
Short	ApeX Omni DOGEUSDT	0.09860	0.0100	get 0.0013% / 1h	58m 45s	$139K	$343K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.060%: $2.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.04
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; ApeX Omni: live order book, 51 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 Variational Omni RFQ quote, 3 min ago	3.55 bp	doesn't fit	6.6 bp −$66	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	5.07 bp	19.3 bp −$19	55.2 bp −$552	doesn't fit	doesn't fit

DOGE on 43 exchanges

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
Kraken Futures PF_DOGEUSD	−0.0139%	1h	0.09865	+0.138%	$5.3M	$39.9M	50x	as long as short
Bitget DOGEUSDT	−0.0038%	8h	0.09862	+0.110%	$139.7M	$306.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09877	+0.263%	$529K	$6.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09857	+0.062%	$33K	—	150x	as long as short
Bybit DOGEUSDT	+0.0025%	8h	0.09856	+0.049%	$166.2M	$495.3M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.891%	$6K	$240K	12x	as long as short
Gate DOGE_USDT	+0.0034%	8h	0.09866	+0.150%	$254.0M	$143.5M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0034%	1h	0.09867	+0.163%	$552K	$295K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09876	+0.254%	$816K	$6.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09870	+0.191%	$3K	$541K	10x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09864	+0.130%	$510K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09868	+0.169%	$4.9M	$57.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09868	+0.172%	$315K	$457K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09867	+0.163%	$325.7M	$1.60B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09863	+0.120%	$118.5M	$1.11B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09874	+0.232%	$17K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09869	+0.182%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09862	+0.110%	$113.6M	$247.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09869	+0.181%	$65.3M	$45.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09868	+0.171%	—	$46.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09863	+0.120%	$312K	$1.2M	15x	as long as short
Variational Omni DOGElong	+0.0100%	8h	0.09851	long leg	$1.3M	$7.8M	—
edgeX DOGEUSDC	+0.0100%	4h	0.09857	+0.054%	$265K	$132.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09867	+0.157%	$620K	$3.9M	10x	as long as short
ApeX Omni DOGEUSDTshort	+0.0100%	1h	0.09860	+0.089%	$139K	$343K	25x
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09864	+0.127%	$244K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09867	+0.161%	$68K	$420K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09867	+0.157%	$35K	$1.9M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09865	+0.140%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09872	+0.215%	$6.0M	$65.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09864	+0.130%	$89.9M	$15.4M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09858	+0.067%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09862	+0.107%	$482K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09864	+0.131%	$19K	—	3x	as long as short
Hyperliquid DOGE	+0.0115%	1h	0.09876	+0.255%	$122.5M	$108.5M	10x	as long as short
Phoenix DOGE	+0.0161%	1h	0.09868	+0.170%	$18K	$311K	10x	as long as short
Reya DOGERUSDPERP	+0.0206%	1h	0.09862	+0.115%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09874	+0.227%	$454	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0211% / S −0.0184%	1h	0.09865	+0.136%	$286K	—	200x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09866	+0.150%	$15.4M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0264%	1h	0.09873	+0.221%	$2.2M	$33.2M	50x	as long as short
dYdX DOGE-USD	+0.0267%	1h	0.09877	+0.261%	$232K	$67K	10x	as long as short
RISEx DOGE/USDC	+0.0587%	1h	0.09875	+0.242%	$410K	$414K	10x	as long as short