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 OKX−0.157%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 OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days+0.144%+$14 · spread now −0.157%, 7d avg −0.017%

Together, before fees+0.152%+ Points / potential airdropVariational Omni: Active · farm board+$15 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 0.140% cheaper against OKX than usual: you would sell low and buy high, −$14 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	OKX DOGE-USDT-SWAP	0.1006	0.0100	pay 0.0100% / 8h	1h 14m	$109.6M	$934.3M	50x
Short	Variational Omni DOGE	0.1004	0.0100	get 0.0100% / 8h	1h 14m	$1.0M	$8.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.017%: −$14.01
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$24.01
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 OKX live order book, 5 min ago	0.50 bp	5.5 bp −$5	7.0 bp −$70	16.9 bp −$1,687	49.0 bp −$24.5K
Sell Variational Omni RFQ quote, 5 min ago	9.95 bp	doesn't fit	19.9 bp −$199	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	−0.0260%	8h	0.1005	−0.099%	$153.4M	$266.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	+0.128%	$420K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1006	−0.008%	$609K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1005	−0.040%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0022%	1h	0.1008	+0.184%	$226K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1005	−0.071%	$66K	$222K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1008	+0.259%	$793K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1006	+0.050%	$1K	$370K	10x	as long as short
Gate DOGE_USDT	+0.0097%	8h	0.1005	−0.060%	$242.2M	$124.8M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	−0.020%	$571K	$862K	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	0.1006	+0.012%	$5.0M	$44.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1008	+0.229%	$336K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1006	0.000%	$320.1M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1005	−0.050%	$159.3M	$421.9M	75x	as long as short
OKX DOGE-USDT-SWAPlong	+0.0100%	8h	0.1006	long leg	$109.6M	$934.3M	50x
Arcus DOGE-USD	+0.0100%	1h	0.1007	+0.080%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.042%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1006	−0.010%	$112.2M	$217.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1006	+0.010%	$66.2M	$41.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1006	−0.020%	—	$74.8M	—	as long as short
Variational Omni DOGEshort	+0.0100%	8h	0.1004	−0.157%	$1.0M	$8.1M	—
edgeX DOGEUSDC	+0.0100%	4h	0.1004	−0.159%	$275K	$116.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1004	−0.149%	$632K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1005	−0.080%	$147K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	−0.030%	$268K	$542K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1006	−0.020%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1005	−0.032%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1006	+0.058%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1006	−0.010%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1007	+0.161%	$6.0M	$50.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1007	+0.099%	$93.3M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1007	+0.140%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1007	+0.109%	$557K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1006	−0.007%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1006	−0.015%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1007	+0.076%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1006	+0.020%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	−0.010%	$15.4M	$25.1M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0248% / S −0.0228%	1h	0.1005	−0.043%	$344K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1006	+0.015%	$6.0M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0414%	1h	0.1008	+0.219%	$538K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0474%	1h	0.1007	+0.127%	$114.8M	$84.9M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	+0.095%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1005	−0.080%	$5K	$239K	12x	as long as short