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: BingX against MEXC−0.040%7-day average −0.003% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

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

Long on MEXC 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 7 days+0.054%+$5 · spread now −0.040%, 7d avg −0.003%

Together, before fees+0.054%+$5 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 0.037% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGS_USDT	0.00004961	0.0100	pay 0.0050% / 4h	2h 29m	$3.1M	$248K	200x
Short	BingX DOGS-USDT	0.00004959	0.0100	get 0.0050% / 4h	2h 29m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.003%: −$3.71
Slippage, 4 orders: −$72.28
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$89.99
Costs to cover: 0.863%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: 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 MEXC live order book, 3 min ago	1.01 bp	11.9 bp −$12	57.9 bp −$579	137.8 bp −$13.8K	322.9 bp −$161.5K
Sell BingX live order book, 7 min ago	7.06 bp	32.6 bp −$33	85.7 bp −$857	503.6 bp −$50.4K	764.7 bp −$382.3K

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	−0.1523%	1h	0.00004946	−0.304%	$13K	$1K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00004959	−0.040%	$6K	$18K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00004961	0.000%	$2.1M	$2.3M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00004957	−0.081%	$202K	$452K	20x	as long as short
MEXC DOGS_USDTlong	+0.0100%	4h	0.00004961	long leg	$3.1M	$248K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00004963	+0.040%	$358K	$200K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00004960	−0.020%	$648K	$478K	50x	as long as short
BingX DOGS-USDTshort	+0.0100%	4h	0.00004959	−0.040%	—	$1.3M	—
SunX DOGS-USDT	+0.0100%	4h	0.00004965	+0.081%	$1K	$1.2M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00004961	+0.007%	$2K	—	5x	as long as short