Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%
Price spread now: Backpack against Variational Omni+0.295%7-day average +0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.016%+$2 on $10k
Price spread, last 7 days−0.272%−$27 · spread now +0.295%, 7d avg +0.001%
Together, before fees−0.256%+ Points / potential airdropVariational Omni: Active · farm board−$26 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: Backpack is 0.294% dearer against Variational Omni than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni DOGE0.099000.0100pay 0.0100% / 8h2h 18m$1.0M$8.7M
ShortBackpack DOGE_USDC_PERP0.099290.0100get 0.0013% / 1h18m 34s$298K$1.3M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against Variational Omni. 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

Funding earned
$0
Price spread: +0.295% → +0.001%
$29.38
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Backpack: 5 bp × 2 orders
−$10
Net
$19.38
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Backpack: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 1 min ago3.53 bpdoesn't fit7.6 bp −$76doesn't fitdoesn't fit
Sell Backpack live order book, just now0.50 bp5.8 bp −$614.6 bp −$146doesn't fitdoesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXDOGEPERP0.0000%8h0.09930+0.302%$608K$6.5M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09924+0.246%$34K150xas long as short
Kraken Futures PF_DOGEUSD+0.0002%1h0.09924+0.250%$5.6M$39.9M50xas long as short
dYdX DOGE-USD+0.0033%1h0.09922+0.226%$223K$70K10xas long as short
Polymarket Perps DOGE-USD+0.0037%1h0.09919+0.198%$267K$1.2M10xas long as short
Lighter DOGE+0.0096%1h0.09928+0.285%$847K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09920+0.199%$538K$1.1M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09925+0.260%$4.4M$57.2M75xas long as short
Pacifica DOGE+0.0100%1h0.09924+0.245%$318K$514K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09925+0.260%$324.4M$1.68B75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit DOGEUSDT+0.0100%8h0.09923+0.235%$163.3M$517.3M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09926+0.265%$116.0M$1.17B50xas long as short
Bulk DOGE-USD+0.0100%1h0.09881−0.193%$379K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09921+0.214%$247.8M$153.2M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09925+0.255%$110.1M$255.2M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09920+0.204%$65.8M$49.6M75xas long as short
Bitget DOGEUSDT+0.0100%8h0.09910+0.103%$139.4M$338.5M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09919+0.194%$3.5Mas long as short
Backpack DOGE_USDC_PERPshort+0.0100%1h0.09929+0.295%$298K$1.3M15x
Variational Omni DOGElong+0.0100%8h0.09900long leg$1.0M$8.7M
edgeX DOGEUSDC+0.0100%4h0.09913+0.136%$320K$139.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09872−0.277%$627K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09880−0.200%$146K$341K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09927+0.275%$63K$469K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09926+0.262%$19K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09930+0.304%$35K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09926+0.265%$2K$5.3M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09922+0.226%$5.9M$68.1M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09925+0.255%$91.2M$17.1M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09920+0.209%$18K$5K30xas long as short
Hyperliquid DOGE+0.0103%1h0.09927+0.272%$123.1M$115.7M10xas long as short
Extended DOGE-USD+0.0104%1h0.09920+0.204%$482K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09932+0.328%$19K3xas long as short
Katana Perps DOGE-USD+0.0111%8h0.09923+0.235%$829$527K10xas long as short
Reya DOGERUSDPERP+0.0195%1h0.09923+0.237%$2K20xas long as short
01 Exchange DOGEUSD+0.0200%1h0.09929+0.296%$442$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.09930+0.305%$15.9M$26.8M75xas long as short
Arcus DOGE-USD+0.0231%1h0.09928+0.285%$27K$299K10xas long as short
Phoenix DOGE+0.0240%1h0.09916+0.163%$18K$382K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0250% / S −0.0288%1h0.09924+0.250%$316K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0304%1h0.09929+0.295%$1.9M$34.1M50xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0314%1h0.09931+0.310%$564K$247K25xas long as short
RISEx DOGE/USDC+0.0686%1h0.09928+0.290%$400K$444K10xas long as short
Injective DOGE/USDC PERP+0.1217%1h0.1053+6.366%$6K$242K12xas long as short