Funding arb · Price arb /

DOGS

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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: MEXC against BingX−0.060%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1061.057% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.060%, 7d avg +0.005%

Together, before fees+0.099%+$10 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: MEXC is 0.065% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DOGS-USDT	0.00005017	0.0100	pay 0.0050% / 4h	2h 19m	—	$1.3M	—
Short	MEXC DOGS_USDT	0.00005014	0.0100	get 0.0050% / 4h	2h 19m	$3.3M	$250K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → +0.005%: −$6.51
Slippage, 4 orders: −$91.69
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$112.2
Costs to cover: 1.057%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 3 min ago.

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 BingX live order book, 10 min ago	8.04 bp	33.7 bp −$34	93.6 bp −$936	500.0 bp −$50.0K	692.3 bp −$346.1K
Sell MEXC live order book, 3 min ago	2.00 bp	22.7 bp −$23	82.2 bp −$822	182.0 bp −$18.2K	369.6 bp −$184.8K

DOGS on 10 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
Aster DOGSUSDT	+0.0100%	4h	0.00005012	−0.100%	$7K	$29K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005013	−0.080%	$2.2M	$3.0M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00005012	−0.100%	$186K	$522K	20x	as long as short
MEXC DOGS_USDTshort	+0.0100%	4h	0.00005014	−0.060%	$3.3M	$250K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005011	−0.120%	$355K	$225K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00005015	−0.040%	$590K	$529K	50x	as long as short
BingX DOGS-USDTlong	+0.0100%	4h	0.00005017	long leg	—	$1.3M	—
SunX DOGS-USDT	+0.0100%	4h	0.00005025	+0.159%	$2K	$1.5M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005018	+0.012%	$2K	—	5x	as long as short
Kraken Futures PF_DOGSUSD	+0.0348%	1h	0.00005023	+0.119%	$13K	$3K	10x	as long as short