Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC+0.238%7-day average −0.027% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days−0.258%−$26 · spread now +0.238%, 7d avg −0.027%

Together, before fees−0.252%+ Points / potential airdropVariational Omni: Active · farm board−$25 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 0.266% dearer against MEXC than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGE_USDT	0.1000	0.0100	pay 0.0100% / 8h	5h 55m	$114.2M	$228.4M	300x
Short	Variational Omni DOGE	0.1002	0.0100	get 0.0100% / 8h	5h 55m	$998K	$8.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.238%Rate

Funding earned: $0
Price spread: +0.238% → −0.027%: $26.55
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $26.55
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: 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 MEXC live order book, 3 min ago	0.50 bp	0.5 bp −$1	1.9 bp −$19	7.7 bp −$775	38.7 bp −$19.3K
Sell Variational Omni RFQ quote, 3 min ago	4.02 bp	doesn't fit	6.0 bp −$60	doesn't fit	doesn't fit

DOGE on 43 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	−0.0091%	8h	0.09987	−0.140%	$151.1M	$273.3M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1002	+0.191%	$225K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1002	+0.202%	$395K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1001	+0.123%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0089%	1h	0.1002	+0.211%	$599K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09996	−0.047%	$812K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.1003	+0.320%	$838	$430K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1003	+0.255%	$535K	$988K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1000	+0.029%	$4.6M	$48.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1002	+0.222%	$329K	$482K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09992	−0.090%	$318.6M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09992	−0.090%	$159.9M	$437.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09993	−0.080%	$111.4M	$982.6M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.148%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09998	−0.030%	$242.7M	$130.9M	75x	as long as short
MEXC DOGE_USDTlong	+0.0100%	8h	0.1000	long leg	$114.2M	$228.4M	300x
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	+0.060%	$66.2M	$43.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09998	−0.030%	—	$76.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1001	+0.060%	$335K	$1.1M	15x	as long as short
Variational Omni DOGEshort	+0.0100%	8h	0.1002	+0.238%	$998K	$8.2M	—
edgeX DOGEUSDC	+0.0100%	4h	0.09978	−0.231%	$295K	$129.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09965	−0.359%	$626K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09960	−0.410%	$146K	$273K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1003	+0.280%	$267K	$709K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	+0.220%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	+0.233%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	+0.385%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	+0.190%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	+0.064%	$6.0M	$55.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	+0.070%	$92.2M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1000	+0.011%	$561K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	+0.207%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0106%	8h	0.1003	+0.299%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0185%	1h	0.1003	+0.257%	$2K	—	20x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09951	−0.501%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.1002	+0.217%	$312K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0248%	1h	0.1004	+0.436%	$535	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.1003	+0.290%	$2.3M	$25.9M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0305%	1h	0.1002	+0.166%	$5.8M	$34.7M	50x	as long as short
Hyperliquid DOGE	+0.0456%	1h	0.1001	+0.050%	$121.7M	$99.7M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.1004	+0.425%	$404K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.1005	+0.500%	$129K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09970	−0.310%	$5K	$239K	12x	as long as short