Funding arb · Price arb /

DOGS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate+0.080%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$2012.013% of the position

Long on Gate Short on BingX

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)−0.066%−$7 · spread now +0.080%, 7d avg +0.026%

Together, before fees−0.066%−$7 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: BingX is 0.054% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DOGS_USDT	0.00005013	0.0100	pay 0.0050% / 4h	2h 32m	$191K	$480K	20x
Short	BingX DOGS-USDT	0.00005017	0.0100	get 0.0050% / 4h	2h 32m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.026%: $5.35
Slippage, 4 orders: −$176.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$195.92
Costs to cover: 2.013%
Break-even: never at this rate

Slippage from Gate: live order book, 34 min ago; BingX: live order book, 4 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 Gate live order book, 34 min ago	4.95 bp	69.2 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	6.98 bp	37.6 bp −$38	120.1 bp −$1,201	523.8 bp −$52.4K	737.7 bp −$368.8K

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
Kraken Futures PF_DOGSUSD	−0.1874%	1h	0.00005005	−0.164%	$13K	$1K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005018	+0.100%	$7K	$21K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005020	+0.140%	$2.2M	$2.5M	50x	as long as short
Gate DOGS_USDTlong	+0.0100%	4h	0.00005013	long leg	$191K	$480K	20x
MEXC DOGS_USDT	+0.0100%	4h	0.00005017	+0.080%	$3.2M	$251K	200x	as long as short
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005015	+0.040%	$342K	$206K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00005016	+0.060%	$641K	$500K	50x	as long as short
BingX DOGS-USDTshort	+0.0100%	4h	0.00005017	+0.080%	—	$1.3M	—
SunX DOGS-USDT	+0.0100%	4h	0.00005028	+0.299%	$2K	$1.3M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005019	+0.113%	$2K	—	5x	as long as short