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: Bitget against Binance−0.080%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on Binance Short on Bitget

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)+0.153%+$15 · spread now −0.080%, 7d avg +0.003%

Together, before fees+0.153%+$15 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: Bitget is 0.083% cheaper against Binance than usual: you would sell low and buy high, −$8 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	Binance DOGSUSDT	0.00005007	0.0100	pay 0.0050% / 4h	24m 20s	$2.1M	$2.5M	50x
Short	Bitget DOGSUSDT	0.00005003	0.0100	get 0.0050% / 4h	24m 20s	$588K	$488K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → +0.003%: −$8.3
Slippage, 4 orders: −$90.87
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.18
Costs to cover: 1.129%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bitget: live order book, 31 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 Binance live order book, 11 min ago	3.02 bp	23.9 bp −$24	133.4 bp −$1,334	doesn't fit	doesn't fit
Sell Bitget live order book, 31 min ago	9.00 bp	23.5 bp −$23	99.6 bp −$996	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	−0.2154%	1h	0.00004996	−0.223%	$13K	$1K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005003	−0.080%	$5K	$22K	5x	as long as short
Binance DOGSUSDTlong	+0.0100%	4h	0.00005007	long leg	$2.1M	$2.5M	50x
Gate DOGS_USDT	+0.0100%	4h	0.00005000	−0.140%	$190K	$472K	20x	as long as short
MEXC DOGS_USDT	+0.0100%	4h	0.00005006	−0.020%	$3.2M	$220K	200x	as long as short
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005003	−0.080%	$337K	$193K	50x	as long as short
Bitget DOGSUSDTshort	+0.0100%	4h	0.00005003	−0.080%	$588K	$488K	50x
BingX DOGS-USDT	+0.0100%	4h	0.00005006	−0.020%	—	$1.3M	—	as long as short
SunX DOGS-USDT	+0.0100%	4h	0.00005016	+0.180%	$2K	$1.3M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005004	−0.066%	$2K	—	5x	as long as short