Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.025%
Price spread now: Variational Omni against Backpack−0.199%7-day average −0.019% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.199%, 7d avg −0.019%
=Together, before fees+0.226%+ Points / potential airdropVariational Omni: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.179% cheaper against Backpack than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.016% in total (about -1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.09995 | 0.0296 | pay 0.0037% / 1h | 59m 49s | $383K | $1.1M | 15x |
| Short | Variational Omni DOGE | 0.09975 | 0.0100 | get 0.0100% / 8h | 7h 59m | $1.0M | $8.1M | — |
Backpack DOGE_USDC_PERP
Variational Omni DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.18
- Price spread: −0.199% → −0.019%
- −$17.92
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$69.1
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Backpack live order book, 4 min ago | 0.50 bp | 6.7 bp −$7 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 4.03 bp | doesn't fit | 6.0 bp −$60 | 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 | −0.0209% | 8h | 0.09983 | −0.120% | $152.6M | $270.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09992 | −0.035% | $396K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09991 | −0.039% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0064% | 1h | 0.09988 | −0.069% | $224K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0071% | 8h | 0.09982 | −0.130% | $242.2M | $129.5M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09997 | +0.023% | $806K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09986 | −0.090% | $868 | $396K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09992 | −0.025% | $513K | $977K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09991 | −0.040% | $4.9M | $46.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09994 | −0.011% | $333K | $511K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09984 | −0.114% | $317.4M | $1.39B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09981 | −0.140% | $157.6M | $435.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09986 | −0.090% | $109.9M | $958.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09995 | 0.000% | $28K | $82K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09986 | −0.090% | $112.3M | $223.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09990 | −0.050% | $66.0M | $42.2M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09984 | −0.110% | — | $76.0M | — | as long as short |
| Variational Omni DOGEshort | +0.0100% | 8h | 0.09975 | −0.199% | $1.0M | $8.1M | — | |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09943 | −0.522% | $257K | $120.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09912 | −0.830% | $623K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | −0.550% | $146K | $253K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09984 | −0.111% | $256K | $556K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09991 | −0.040% | $73K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09990 | −0.053% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09996 | +0.008% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09992 | −0.030% | $2K | $3.7M | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0100% | 1h | 0.09995 | −0.002% | $601K | $121K | 25x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09995 | −0.004% | $6.0M | $52.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09990 | −0.050% | $92.3M | $19.1M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09909 | −0.861% | $380K | $12K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09992 | −0.026% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09986 | −0.090% | $551K | $3.8M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09991 | −0.038% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0105% | 1h | 0.09991 | −0.042% | $6.0M | $33.7M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09991 | −0.040% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09995 | −0.001% | $528 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09977 | −0.180% | $15.3M | $25.3M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.09979 | −0.155% | $66K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09994 | −0.010% | $2.0M | $24.4M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.09990 | −0.046% | $308K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0296% | 1h | 0.09995 | long leg | $383K | $1.1M | 15x | |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09996 | +0.010% | $316K | $478K | 10x | as long as short |
| Hyperliquid DOGE | +0.0810% | 1h | 0.1001 | +0.100% | $117.1M | $90.6M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.09940 | −0.550% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
HTX DOGE-USDT
Phemex DOGEUSDT
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP