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: MEXC against Bitget+0.040%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$860.863% of the position

Long on Bitget 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 4 days (all we have)−0.117%−$12 · spread now +0.040%, 7d avg −0.014%

Together, before fees−0.117%−$12 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 0.054% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DOGSUSDT	0.00004997	0.0100	pay 0.0050% / 4h	54m 54s	$649K	$458K	50x
Short	MEXC DOGS_USDT	0.00004999	0.0100	get 0.0050% / 4h	54m 54s	$3.2M	$241K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.014%: $5.37
Slippage, 4 orders: −$70.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$80.93
Costs to cover: 0.863%
Break-even: never at this rate

Slippage from Bitget: live order book, 20 min ago; MEXC: live order book, 7 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, 20 min ago	9.05 bp	27.6 bp −$28	169.7 bp −$1,697	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	2.01 bp	15.6 bp −$16	74.8 bp −$748	182.9 bp −$18.3K	358.6 bp −$179.3K

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	−0.1444%	1h	0.00004989	−0.160%	$13K	$2K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00004999	+0.040%	$6K	$18K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005000	+0.060%	$2.2M	$2.3M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00004996	−0.020%	$200K	$444K	20x	as long as short
MEXC DOGS_USDTshort	+0.0100%	4h	0.00004999	+0.040%	$3.2M	$241K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00004996	−0.020%	$347K	$198K	50x	as long as short
Bitget DOGSUSDTlong	+0.0100%	4h	0.00004997	long leg	$649K	$458K	50x
BingX DOGS-USDT	+0.0100%	4h	0.00005000	+0.060%	—	$1.3M	—	as long as short
SunX DOGS-USDT	+0.0100%	4h	0.00005004	+0.140%	$2K	$1.2M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00004998	+0.020%	$2K	—	5x	as long as short