Funding arb · Price arb /

DOGS

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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: Gate against Bitget+0.081%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1941.936% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.081%, 7d avg −0.037%

Together, before fees−0.137%−$14 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: Gate is 0.118% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DOGSUSDT	0.00004946	0.0100	pay 0.0050% / 4h	1h 49m	$646K	$469K	50x
Short	Gate DOGS_USDT	0.00004950	0.0100	get 0.0050% / 4h	1h 49m	$200K	$442K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.037%: $11.79
Slippage, 4 orders: −$166.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$181.84
Costs to cover: 1.936%
Break-even: never at this rate

Slippage from Bitget: live order book, 30 min ago; Gate: live order book, 31 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 Bitget live order book, 30 min ago	11.08 bp	29.4 bp −$29	156.2 bp −$1,562	doesn't fit	doesn't fit
Sell Gate live order book, 31 min ago	10.07 bp	61.7 bp −$62	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_DOGSUSD	−0.1487%	1h	0.00004941	−0.101%	$13K	$1K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00004948	+0.040%	$6K	$18K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00004946	0.000%	$2.1M	$2.3M	50x	as long as short
Gate DOGS_USDTshort	+0.0100%	4h	0.00004950	+0.081%	$200K	$442K	20x
MEXC DOGS_USDT	+0.0100%	4h	0.00004943	−0.061%	$3.1M	$236K	200x	as long as short
KuCoin DOGSUSDTM	+0.0100%	4h	0.00004948	+0.040%	$358K	$199K	50x	as long as short
Bitget DOGSUSDTlong	+0.0100%	4h	0.00004946	long leg	$646K	$469K	50x
BingX DOGS-USDT	+0.0100%	4h	0.00004949	+0.061%	—	$1.3M	—	as long as short
SunX DOGS-USDT	+0.0100%	4h	0.00004950	+0.081%	$1K	$1.2M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00004945	−0.016%	$2K	—	5x	as long as short