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 SunX−0.140%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$252as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2522.525% of the position

Long on SunX 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 3 days (all we have)+0.031%+$3 · spread now −0.140%, 7d avg −0.110%

Together, before fees+0.031%+$3 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 0.030% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGS-USDT	0.00004987	0.0100	pay 0.0050% / 4h	28m 13s	$2K	$1.2M	20x
Short	BingX DOGS-USDT	0.00004980	0.0100	get 0.0050% / 4h	28m 13s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now −0.140%Rate

Funding earned: $0
Price spread: −0.140% → −0.110%: −$3.04
Slippage, 4 orders: −$234.46
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$255.49
Costs to cover: 2.525%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; BingX: live order book, 3 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 SunX live order book, 5 min ago	31.07 bp	78.1 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	4.02 bp	27.0 bp −$27	84.1 bp −$841	491.6 bp −$49.2K	695.1 bp −$347.5K

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	−0.1448%	1h	0.00004974	−0.260%	$13K	$2K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00004982	−0.100%	$6K	$18K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00004981	−0.120%	$2.1M	$2.3M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00004978	−0.180%	$199K	$448K	20x	as long as short
MEXC DOGS_USDT	+0.0100%	4h	0.00004981	−0.120%	$3.2M	$245K	200x	as long as short
KuCoin DOGSUSDTM	+0.0100%	4h	0.00004983	−0.080%	$346K	$197K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00004983	−0.080%	$652K	$456K	50x	as long as short
BingX DOGS-USDTshort	+0.0100%	4h	0.00004980	−0.140%	—	$1.3M	—
SunX DOGS-USDTlong	+0.0100%	4h	0.00004987	long leg	$2K	$1.2M	20x
Extended kDOGS-USD	+0.0104%	1h	0.00004981	−0.119%	$2K	—	5x	as long as short