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: BingX against KuCoin−0.020%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$317as in the Funding arb table

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$3193.189% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now −0.020%, 7d avg +0.001%

Together, before fees−0.148%−$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: BingX is 0.021% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOGSUSDTM	0.00004993	0.0100	pay 0.0050% / 4h	1h 02m	$338K	$193K	50x
Short	BingX DOGS-USDT	0.00004992	0.0100	get 0.0050% / 4h	1h 02m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.001%: −$2.13
Slippage, 4 orders: −$296.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$320.99
Costs to cover: 3.189%
Break-even: never at this rate

Slippage from KuCoin: live order book, 19 min ago; BingX: live order book, 8 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 KuCoin live order book, 19 min ago	8.97 bp	124.8 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.97 bp	28.6 bp −$29	81.2 bp −$812	485.0 bp −$48.5K	691.5 bp −$345.7K

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	−0.2497%	1h	0.00004988	−0.106%	$13K	$1K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005001	+0.160%	$6K	$22K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00004992	−0.020%	$2.1M	$2.5M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00004992	−0.020%	$190K	$485K	20x	as long as short
MEXC DOGS_USDT	+0.0100%	4h	0.00004995	+0.040%	$3.2M	$223K	200x	as long as short
KuCoin DOGSUSDTMlong	+0.0100%	4h	0.00004993	long leg	$338K	$193K	50x
Bitget DOGSUSDT	+0.0100%	4h	0.00004998	+0.100%	$587K	$505K	50x	as long as short
BingX DOGS-USDTshort	+0.0100%	4h	0.00004992	−0.020%	—	$1.3M	—
SunX DOGS-USDT	+0.0100%	4h	0.00005000	+0.140%	$2K	$1.3M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00004994	+0.015%	$2K	—	5x	as long as short