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 KuCoin+0.156%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$270as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2722.721% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.156%, 7d avg +0.004%

Together, before fees−0.233%−$23 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 0.152% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGSUSDTM	0.00005118	0.0100	pay 0.0050% / 4h	3h 23m	$347K	$214K	50x
Short	MEXC DOGS_USDT	0.00005126	0.0100	get 0.0050% / 4h	3h 23m	$3.4M	$236K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.156%Rate

Funding earned: $0
Price spread: +0.156% → +0.004%: $15.22
Slippage, 4 orders: −$256.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$256.84
Costs to cover: 2.721%
Break-even: never at this rate

Slippage from KuCoin: live order book, 49 min ago; MEXC: 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 KuCoin live order book, 49 min ago	5.99 bp	115.2 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.97 bp	18.2 bp −$18	74.8 bp −$748	147.5 bp −$14.7K	298.5 bp −$149.3K

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	−0.2433%	1h	0.00005135	+0.332%	$14K	$3K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005127	+0.176%	$4K	$26K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005126	+0.156%	$2.2M	$2.8M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00005119	+0.020%	$189K	$494K	20x	as long as short
MEXC DOGS_USDTshort	+0.0100%	4h	0.00005126	+0.156%	$3.4M	$236K	200x
KuCoin DOGSUSDTMlong	+0.0100%	4h	0.00005118	long leg	$347K	$214K	50x
Bitget DOGSUSDT	+0.0100%	4h	0.00005123	+0.098%	$606K	$507K	50x	as long as short
BingX DOGS-USDT	+0.0100%	4h	0.00005121	+0.059%	—	$1.3M	—	as long as short
SunX DOGS-USDT	+0.0100%	4h	0.00005132	+0.274%	$1K	$1.4M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005125	+0.128%	$2K	—	5x	as long as short