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: Gate against MEXC−0.119%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1681.684% of the position

Long on MEXC 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)+0.140%+$14 · spread now −0.119%, 7d avg −0.025%

Together, before fees+0.140%+$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 0.093% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGS_USDT	0.00005059	0.0100	pay 0.0050% / 4h	3h 14m	$3.3M	$252K	200x
Short	Gate DOGS_USDT	0.00005053	0.0100	get 0.0050% / 4h	3h 14m	$198K	$463K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.025%: −$9.34
Slippage, 4 orders: −$149.39
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$177.74
Costs to cover: 1.684%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 56 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	0.99 bp	19.4 bp −$19	69.6 bp −$696	150.3 bp −$15.0K	324.8 bp −$162.4K
Sell Gate live order book, 56 min ago	6.03 bp	63.3 bp −$63	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	−0.1625%	1h	0.00005047	−0.237%	$13K	$1K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005059	0.000%	$6K	$18K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005059	0.000%	$2.2M	$2.3M	50x	as long as short
Gate DOGS_USDTshort	+0.0100%	4h	0.00005053	−0.119%	$198K	$463K	20x
MEXC DOGS_USDTlong	+0.0100%	4h	0.00005059	long leg	$3.3M	$252K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005055	−0.079%	$346K	$198K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00005056	−0.059%	$666K	$458K	50x	as long as short
BingX DOGS-USDT	+0.0100%	4h	0.00005058	−0.020%	—	$1.3M	—	as long as short
SunX DOGS-USDT	+0.0100%	4h	0.00005065	+0.119%	$2K	$1.2M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005058	−0.022%	$2K	—	5x	as long as short