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 MEXC+0.020%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on MEXC 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 7 days+0.009%+$1 · spread now +0.020%, 7d avg −0.002%

Together, before fees+0.009%+$1 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 0.022% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGS_USDT	0.00005003	0.0100	pay 0.0050% / 4h	43m 57s	$3.2M	$242K	200x
Short	BingX DOGS-USDT	0.00005004	0.0100	get 0.0050% / 4h	43m 57s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.002%: $2.25
Slippage, 4 orders: −$81.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$93.01
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 12 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	3.00 bp	14.4 bp −$14	61.7 bp −$617	185.0 bp −$18.5K	353.6 bp −$176.8K
Sell BingX live order book, 12 min ago	5.00 bp	28.1 bp −$28	93.5 bp −$935	518.6 bp −$51.9K	760.0 bp −$380.0K

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	−0.1442%	1h	0.00004995	−0.169%	$13K	$2K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005004	+0.020%	$6K	$18K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005004	+0.020%	$2.2M	$2.3M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00005001	−0.040%	$200K	$446K	20x	as long as short
MEXC DOGS_USDTlong	+0.0100%	4h	0.00005003	long leg	$3.2M	$242K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005001	−0.040%	$347K	$197K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00005004	+0.020%	$655K	$457K	50x	as long as short
BingX DOGS-USDTshort	+0.0100%	4h	0.00005004	+0.020%	—	$1.3M	—
SunX DOGS-USDT	+0.0100%	4h	0.00005008	+0.100%	$2K	$1.2M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005001	−0.040%	$2K	—	5x	as long as short