Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit+0.271%7-day average −0.012% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.282%−$28 · spread now +0.271%, 7d avg −0.012%

Together, before fees−0.271%+ Points / potential airdropVariational Omni: Active · farm board−$27 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 0.284% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.1004	0.0100	pay 0.0100% / 8h	1h 19m	$159.2M	$421.3M	75x
Short	Variational Omni DOGE	0.1007	0.0100	get 0.0100% / 8h	1h 19m	$1.0M	$8.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now +0.271%Rate

Funding earned: $0
Price spread: +0.271% → −0.012%: $28.36
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $17.36
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: 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 Bybit live order book, 4 min ago	0.50 bp	6.0 bp −$6	8.6 bp −$86	22.5 bp −$2,246	46.5 bp −$23.2K
Sell Variational Omni RFQ quote, 4 min ago	9.95 bp	doesn't fit	9.9 bp −$99	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	−0.0263%	8h	0.1004	−0.040%	$153.3M	$266.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	+0.252%	$418K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1004	−0.064%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1004	0.000%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.1006	+0.162%	$226K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1009	+0.421%	$67K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0093%	8h	0.1004	−0.030%	$241.8M	$124.4M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1004	−0.006%	$791K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1005	+0.070%	$840	$371K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1005	+0.060%	$579K	$856K	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	0.1005	+0.043%	$5.0M	$43.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1006	+0.196%	$336K	$508K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1005	+0.022%	$320.0M	$1.32B	75x	as long as short
Bybit DOGEUSDTlong	+0.0100%	8h	0.1004	long leg	$159.2M	$421.3M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1004	0.000%	$109.5M	$931.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1006	+0.189%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.182%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1005	+0.020%	$110.7M	$217.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1005	+0.030%	$66.1M	$41.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1004	0.000%	—	$3.4M	—	as long as short
Variational Omni DOGEshort	+0.0100%	8h	0.1007	+0.271%	$1.0M	$8.1M	—
edgeX DOGEUSDC	+0.0100%	4h	0.1002	−0.226%	$275K	$116.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	−0.101%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	−0.239%	$146K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1005	+0.020%	$268K	$541K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1004	−0.080%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	−0.091%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1005	+0.089%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1004	−0.070%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1004	−0.068%	$6.0M	$50.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1004	−0.080%	$93.0M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1006	+0.149%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1004	−0.005%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1004	−0.066%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1005	+0.021%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1006	+0.166%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1006	+0.159%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1007	+0.279%	$15.4M	$25.1M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0222%	1h	0.1004	+0.001%	$340K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1003	−0.100%	$5.9M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0413%	1h	0.1004	+0.010%	$537K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0447%	1h	0.1005	+0.080%	$111.5M	$83.1M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1006	+0.199%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1010	+0.558%	$5K	$207K	12x	as long as short