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: SunX against MEXC+0.157%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$275as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2752.751% of the position

Long on MEXC Short on SunX

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)−0.010%−$1 · spread now +0.157%, 7d avg +0.111%

Together, before fees−0.010%−$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: SunX is 0.046% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGS_USDT	0.00005094	0.0100	pay 0.0050% / 4h	3h 42m	$3.3M	$216K	200x
Short	SunX DOGS-USDT	0.00005102	0.0100	get 0.0050% / 4h	3h 42m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.157%Rate

Funding earned: $0
Price spread: +0.157% → +0.111%: $4.58
Slippage, 4 orders: −$263.09
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$270.51
Costs to cover: 2.751%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; SunX: live order book, 2 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, 5 min ago	0.99 bp	18.7 bp −$19	73.1 bp −$731	162.0 bp −$16.2K	331.6 bp −$165.8K
Sell SunX live order book, 2 min ago	31.36 bp	148.2 bp −$148	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	−0.2451%	1h	0.00005098	+0.072%	$14K	$3K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005101	+0.137%	$5K	$23K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005096	+0.039%	$2.2M	$2.6M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00005093	−0.020%	$186K	$475K	20x	as long as short
MEXC DOGS_USDTlong	+0.0100%	4h	0.00005094	long leg	$3.3M	$216K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005100	+0.118%	$348K	$202K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00005094	0.000%	$599K	$494K	50x	as long as short
BingX DOGS-USDT	+0.0100%	4h	0.00005095	+0.020%	—	$1.3M	—	as long as short
SunX DOGS-USDTshort	+0.0100%	4h	0.00005102	+0.157%	$1K	$1.3M	20x
Extended kDOGS-USD	+0.0104%	1h	0.00005095	+0.011%	$2K	—	5x	as long as short