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: ApeX Omni against Bybit−0.278%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+0.404%+$40 · spread now −0.278%, 7d avg +0.052%

Together, before fees+0.507%+$51 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 0.330% cheaper against Bybit than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.1008	0.0100	pay 0.0100% / 8h	1h 44m	$162.6M	$406.3M	75x
Short	ApeX Omni DOGEUSDT	0.1005	0.0100	get 0.0013% / 1h	44m 49s	$146K	$239K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX 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 ApeX OmnibpOrdersPrice spread, now −0.278%Rate

Funding earned: $0
Price spread: −0.278% → +0.052%: −$33.02
Slippage, 4 orders: −$32.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$86.81
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 36 min ago.

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, 4 min ago	0.50 bp	7.6 bp −$8	11.3 bp −$113	22.3 bp −$2,226	41.3 bp −$20.6K
Sell ApeX Omni live order book, 36 min ago	5.01 bp	15.9 bp −$16	58.4 bp −$584	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	−0.0273%	8h	0.1007	−0.079%	$153.9M	$262.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	−0.115%	$379K	$4.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1005	−0.245%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.1005	−0.304%	$226K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0078%	1h	0.1006	−0.166%	$629K	$105K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1005	−0.309%	$15K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0094%	8h	0.1008	+0.020%	$242.7M	$121.2M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1007	−0.105%	$788K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1006	−0.159%	$1K	$355K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	−0.203%	$703K	$770K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1007	−0.058%	$5.0M	$41.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1006	−0.184%	$337K	$497K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1008	+0.050%	$321.0M	$1.29B	75x	as long as short
Bybit DOGEUSDTlong	+0.0100%	8h	0.1008	long leg	$162.6M	$406.3M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	+0.050%	$109.9M	$915.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1007	−0.099%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.476%	$384K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1008	+0.050%	$109.9M	$214.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1009	+0.119%	$66.3M	$39.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1008	+0.020%	—	$73.8M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1003	−0.431%	$934K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1005	−0.302%	$279K	$113.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1004	−0.416%	$632K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDTshort	+0.0100%	1h	0.1005	−0.278%	$146K	$239K	25x
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	−0.218%	$273K	$532K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1006	−0.159%	$72K	$417K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1006	−0.196%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1006	−0.137%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1006	−0.149%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1006	−0.165%	$6.0M	$48.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1006	−0.179%	$93.2M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1006	−0.162%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1009	+0.110%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1006	−0.154%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1006	−0.193%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1007	−0.094%	$532	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1007	−0.099%	$2.0M	$23.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	−0.159%	$15.3M	$24.3M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.1006	−0.225%	$312K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1006	−0.130%	$6.0M	$32.0M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0388%	1h	0.1007	−0.089%	$531K	$934K	15x	as long as short
Hyperliquid DOGE	+0.0424%	1h	0.1009	+0.119%	$111.0M	$81.2M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	−0.085%	$316K	$473K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1007	−0.079%	$5K	$207K	12x	as long as short