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: MEXC against Gate+0.080%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1611.608% of the position

Long on Gate Short on MEXC

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)−0.122%−$12 · spread now +0.080%, 7d avg +0.025%

Together, before fees−0.122%−$12 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: MEXC is 0.054% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DOGS_USDT	0.00005007	0.0100	pay 0.0050% / 4h	16m 58s	$191K	$474K	20x
Short	MEXC DOGS_USDT	0.00005011	0.0100	get 0.0050% / 4h	16m 58s	$3.2M	$221K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.025%: $5.44
Slippage, 4 orders: −$141.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$155.39
Costs to cover: 1.608%
Break-even: never at this rate

Slippage from Gate: live order book, 39 min ago; MEXC: live order book, 5 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 Gate live order book, 39 min ago	4.00 bp	57.4 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.00 bp	18.1 bp −$18	77.7 bp −$777	149.2 bp −$14.9K	339.3 bp −$169.7K

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	−0.2151%	1h	0.00005002	−0.107%	$13K	$1K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00005009	+0.040%	$5K	$22K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005014	+0.140%	$2.1M	$2.5M	50x	as long as short
Gate DOGS_USDTlong	+0.0100%	4h	0.00005007	long leg	$191K	$474K	20x
MEXC DOGS_USDTshort	+0.0100%	4h	0.00005011	+0.080%	$3.2M	$221K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005008	+0.020%	$337K	$193K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00005009	+0.040%	$588K	$488K	50x	as long as short
BingX DOGS-USDT	+0.0100%	4h	0.00005010	+0.060%	—	$1.3M	—	as long as short
SunX DOGS-USDT	+0.0100%	4h	0.00005015	+0.160%	$2K	$1.3M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005013	+0.112%	$2K	—	5x	as long as short