Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.022%

Price spread now: 01 Exchange against Variational Omni−0.353%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. 01 Exchange is 0.353% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.353% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 8.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DOGE	0.1019	0.0100	pay 0.0100% / 8h	3h 12m	$1.2M	$8.5M	—
Short	01 Exchange DOGEUSD	0.1015	0.0240	get 0.0030% / 1h	12m 00s	$452	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.353%Rate

Funding earned: $29.4
Price spread: −0.353% → 0.000%: −$35.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$12.94
Costs to cover: 0.070%
Break-even: 10.1 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 01 Exchange: no order-book sample. 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, 2 min ago	4.92 bp	doesn't fit	14.8 bp −$148	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1015	−0.439%	$682K	$6.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1013	−0.624%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0019%	1h	0.1016	−0.306%	$228K	$70K	10x	as long as short
Bitget DOGEUSDT	+0.0081%	8h	0.1013	−0.606%	$131.8M	$317.8M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1014	−0.546%	$746K	$6.5M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1013	−0.566%	$556K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1013	−0.576%	$4.9M	$54.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1016	−0.264%	$324K	$519K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1013	−0.549%	$333.2M	$1.62B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1013	−0.596%	$165.3M	$501.9M	75x	as long as short

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	0.1013	−0.557%	$115.4M	$1.15B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1016	−0.283%	$390K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1013	−0.586%	$249.5M	$147.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1013	−0.547%	$114.7M	$247.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1013	−0.615%	$66.6M	$48.3M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1013	−0.606%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1013	−0.625%	$333K	$1.2M	15x	as long as short
Variational Omni DOGElong	+0.0100%	8h	0.1019	long leg	$1.2M	$8.5M	—
edgeX DOGEUSDC	+0.0100%	4h	0.1019	+0.026%	$325K	$136.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1019	−0.020%	$642K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1022	+0.287%	$154K	$330K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1012	−0.664%	$261K	$1.0M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1013	−0.606%	$66K	$458K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1013	−0.637%	$19K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1013	−0.587%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1013	−0.615%	$2K	$5.1M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1013	−0.626%	$5.9M	$65.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1013	−0.615%	$93.2M	$17.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1015	−0.374%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1012	−0.654%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1013	−0.615%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0120%	8h	0.1015	−0.380%	$2K	$503K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0175%	1h	0.1013	−0.597%	$575K	$247K	25x	as long as short
Reya DOGERUSDPERP	+0.0193%	1h	0.1012	−0.657%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1017	−0.233%	$16.4M	$26.9M	75x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1017	−0.175%	$19K	$292K	10x	as long as short
01 Exchange DOGEUSDshort	+0.0240%	1h	0.1015	−0.353%	$452	$4K	10x
Kraken Futures PF_DOGEUSD	+0.0248%	1h	0.1013	−0.636%	$5.5M	$39.5M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0255% / S −0.0299%	1h	0.1013	−0.637%	$332K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1014	−0.517%	$2.1M	$33.4M	50x	as long as short
Hyperliquid DOGE	+0.0430%	1h	0.1014	−0.478%	$126.4M	$111.4M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1016	−0.272%	$110K	$207K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1016	−0.307%	$410K	$432K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+3.329%	$6K	$242K	12x	as long as short