Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Variational Omni+0.013%7-day average +0.034% · you sell dearer than you buy

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

Long on Variational Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.013%, 7d avg +0.034%

Together, before fees−0.068%+ Points / potential airdropVariational Omni: Active · farm board−$7 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: Bulk is 0.021% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DOGE	0.1003	0.0100	pay 0.0100% / 8h	1h 51m	$947K	$7.8M	—
Short	Bulk DOGE-USD	0.1003	0.0100	get 0.0013% / 1h	51m 40s	$384K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.034%: −$2.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$9.08
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bulk: live order book, 32 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	9.94 bp	doesn't fit	9.9 bp −$99	doesn't fit	doesn't fit
Sell Bulk live order book, 32 min ago	5.02 bp	8.5 bp −$9	8.5 bp −$85	15.3 bp −$1,527	24.1 bp −$12.1K

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	−0.0272%	8h	0.1001	−0.146%	$153.2M	$261.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1003	−0.002%	$378K	$4.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1004	+0.096%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.1003	−0.020%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1008	+0.479%	$16K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0087%	8h	0.1003	+0.013%	$241.4M	$120.7M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1003	+0.006%	$783K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1002	−0.066%	$1K	$355K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1005	+0.193%	$680K	$744K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1004	+0.064%	$5.0M	$41.3M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1003	−0.024%	$336K	$498K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1003	−0.026%	$318.6M	$1.28B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.076%	$161.6M	$404.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	−0.046%	$109.6M	$907.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1003	−0.016%	$28K	$76K	10x	as long as short
Bulk DOGE-USDshort	+0.0100%	1h	0.1003	+0.013%	$384K	$14K	10x
MEXC DOGE_USDT	+0.0100%	8h	0.1002	−0.046%	$109.6M	$214.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	−0.066%	$65.8M	$39.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	−0.056%	—	$3.4M	—	as long as short
Variational Omni DOGElong	+0.0100%	8h	0.1003	long leg	$947K	$7.8M	—
edgeX DOGEUSDC	+0.0100%	4h	0.1004	+0.149%	$276K	$112.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1007	+0.408%	$641K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1005	+0.213%	$145K	$238K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	+0.163%	$272K	$534K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1004	+0.143%	$72K	$417K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1004	+0.104%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1003	+0.056%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1004	+0.103%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1005	+0.221%	$6.0M	$48.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	+0.053%	$93.0M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1002	−0.051%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1003	+0.053%	$556K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	+0.150%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0175%	1h	0.1005	+0.210%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1003	−0.027%	$529	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0178%	1h	0.1005	+0.171%	$628K	$106K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1005	+0.213%	$2.0M	$22.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	+0.043%	$15.1M	$24.2M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0266%	1h	0.1004	+0.098%	$312K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0358%	1h	0.1004	+0.123%	$530K	$936K	15x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1004	+0.093%	$6.0M	$32.0M	50x	as long as short
Hyperliquid DOGE	+0.0382%	1h	0.1004	+0.155%	$110.4M	$80.9M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1003	+0.010%	$315K	$472K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1007	+0.412%	$5K	$207K	12x	as long as short