Funding arb · Price arb /

DOGS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC+0.078%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$286as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2842.840% of the position

Long on MEXC Short on KuCoin

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)+0.020%+$2 · spread now +0.078%, 7d avg −0.004%

Together, before fees−0.002%$0 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: KuCoin is 0.083% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGS_USDT	0.00005101	0.0100	pay 0.0050% / 4h	3h 03m	$3.3M	$238K	200x
Short	KuCoin DOGSUSDTM	0.00005105	0.0100	get 0.0050% / 4h	3h 03m	$348K	$215K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → −0.004%: $8.25
Slippage, 4 orders: −$268.03
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$275.78
Costs to cover: 2.840%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 69 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, 4 min ago	0.98 bp	26.9 bp −$27	92.4 bp −$924	198.5 bp −$19.8K	379.4 bp −$189.7K
Sell KuCoin live order book, 69 min ago	5.99 bp	122.1 bp −$122	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	−0.2445%	1h	0.00005111	+0.189%	$14K	$3K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005105	+0.078%	$4K	$26K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005100	−0.020%	$2.2M	$2.8M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00005103	+0.039%	$189K	$502K	20x	as long as short
MEXC DOGS_USDTlong	+0.0100%	4h	0.00005101	long leg	$3.3M	$238K	200x
KuCoin DOGSUSDTMshort	+0.0100%	4h	0.00005105	+0.078%	$348K	$215K	50x
Bitget DOGSUSDT	+0.0100%	4h	0.00005104	+0.059%	$603K	$512K	50x	as long as short
BingX DOGS-USDT	+0.0100%	4h	0.00005108	+0.137%	—	$1.3M	—	as long as short
SunX DOGS-USDT	+0.0100%	4h	0.00005115	+0.274%	$1K	$1.4M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005099	−0.048%	$2K	—	5x	as long as short