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 SunX−0.298%7-day average −0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs−$300as in the Funding arb table

Net, price: spread back to 7d avg − costs−$316as in the Price arb table

costs, in and out, $10k−$3002.999% of the position

Long on SunX 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 3 days (all we have)+0.121%+$12 · spread now −0.298%, 7d avg −0.138%

Together, before fees+0.121%+$12 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 0.161% cheaper against SunX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGS-USDT	0.00005028	0.0100	pay 0.0050% / 4h	2h 32m	$2K	$1.3M	20x
Short	Gate DOGS_USDT	0.00005013	0.0100	get 0.0050% / 4h	2h 32m	$191K	$480K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.298%Rate

Funding earned: $0
Price spread: −0.298% → −0.138%: −$16.08
Slippage, 4 orders: −$276.87
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$315.95
Costs to cover: 2.999%
Break-even: never at this rate

Slippage from SunX: live order book, 2 min ago; Gate: live order book, 34 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, 2 min ago	30.86 bp	54.1 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	4.95 bp	63.8 bp −$64	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	−0.1874%	1h	0.00005005	−0.462%	$13K	$1K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005018	−0.199%	$7K	$21K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005020	−0.159%	$2.2M	$2.5M	50x	as long as short
Gate DOGS_USDTshort	+0.0100%	4h	0.00005013	−0.298%	$191K	$480K	20x
MEXC DOGS_USDT	+0.0100%	4h	0.00005018	−0.199%	$3.3M	$251K	200x	as long as short
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005014	−0.278%	$342K	$206K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00005015	−0.259%	$641K	$500K	50x	as long as short
BingX DOGS-USDT	+0.0100%	4h	0.00005017	−0.219%	—	$1.3M	—	as long as short
SunX DOGS-USDTlong	+0.0100%	4h	0.00005028	long leg	$2K	$1.3M	20x
Extended kDOGS-USD	+0.0104%	1h	0.00005021	−0.145%	$2K	—	5x	as long as short