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−0.062%7-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)−0.053%−$5 · spread now −0.062%, 7d avg −0.017%

Together, before fees−0.053%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$5 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: Variational Omni is 0.045% cheaper against Nado than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DOGE-PERP	0.1002	0.0100	pay 0.0012% / 1h	15m 42s	$527K	$1.0M	10x
Short	Variational Omni DOGE	0.1001	0.0100	get 0.0100% / 8h	4h 15m	$1.1M	$8.2M	—

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

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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 −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.017%: −$4.51
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: −$11.51
Costs to cover: 0.070%
Break-even: 1182665340656968.8 days

Slippage unknown: Nado: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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	1.50 bp	7.4 bp −$7	15.6 bp −$156	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.50 bp	doesn't fit	6.5 bp −$65	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	−0.0036%	8h	0.1002	−0.010%	$151.4M	$276.9M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.1001	−0.036%	$5.7M	$35.7M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	−0.020%	$395K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1001	−0.076%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0014%	1h	0.1002	+0.031%	$225K	$49K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1003	+0.141%	$735K	$6.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0098%	8h	0.1002	−0.030%	$905	$458K	10x	as long as short
Nado DOGE-PERPlong	+0.0100%	1h	0.1002	long leg	$527K	$1.0M	10x
Aster DOGEUSDT	+0.0100%	8h	0.1001	−0.063%	$4.7M	$49.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1003	+0.095%	$325K	$484K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1003	+0.091%	$324.6M	$1.47B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1003	+0.100%	$164.3M	$448.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1003	+0.100%	$114.0M	$1.02B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.016%	$385K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	−0.010%	$247.0M	$135.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	+0.010%	$112.2M	$235.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	−0.090%	$66.4M	$43.8M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1002	−0.020%	—	$77.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	−0.120%	$321K	$1.2M	15x	as long as short
Variational Omni DOGEshort	+0.0100%	8h	0.1001	−0.062%	$1.1M	$8.2M	—
edgeX DOGEUSDC	+0.0100%	4h	0.09996	−0.218%	$296K	$130.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09995	−0.230%	$629K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.180%	$146K	$289K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1001	−0.070%	$259K	$864K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	−0.050%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1001	−0.046%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	−0.008%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	−0.030%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	−0.038%	$6.0M	$58.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	−0.040%	$92.1M	$16.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1002	+0.009%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	−0.117%	$491K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	−0.030%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0130%	1h	0.1002	−0.016%	$599K	$119K	25x	as long as short
Reya DOGERUSDPERP	+0.0190%	1h	0.1001	−0.047%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.1003	+0.077%	$534	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	+0.170%	$15.9M	$25.5M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1001	−0.125%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0269%	1h	0.1001	−0.073%	$313K	—	200x	as long as short
Hyperliquid DOGE	+0.0262%	1h	0.1003	+0.160%	$122.4M	$101.7M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.1002	0.000%	$2.3M	$27.4M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.1003	+0.140%	$109K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.1003	+0.085%	$405K	$413K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1003	+0.120%	$5K	$239K	12x	as long as short