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: MEXC against KuCoin−0.060%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2612.610% of the position

Long on KuCoin Short on MEXC

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)−0.024%−$2 · spread now −0.060%, 7d avg −0.001%

Together, before fees−0.003%$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: MEXC is 0.060% cheaper against KuCoin than usual: you would sell low and buy high, −$6 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	0.00004975	0.0100	pay 0.0050% / 4h	13m 59s	$346K	$197K	50x
Short	MEXC DOGS_USDT	0.00004972	0.0100	get 0.0050% / 4h	13m 59s	$3.2M	$246K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.001%: −$5.98
Slippage, 4 orders: −$245
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$266.98
Costs to cover: 2.610%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; MEXC: live order book, 3 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, 48 min ago	4.02 bp	110.3 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.00 bp	20.5 bp −$20	73.0 bp −$730	149.0 bp −$14.9K	337.8 bp −$168.9K

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	−0.1451%	1h	0.00004964	−0.216%	$13K	$2K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00004974	−0.020%	$6K	$18K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00004974	−0.020%	$2.1M	$2.3M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00004971	−0.080%	$198K	$451K	20x	as long as short
MEXC DOGS_USDTshort	+0.0100%	4h	0.00004972	−0.060%	$3.2M	$246K	200x
KuCoin DOGSUSDTMlong	+0.0100%	4h	0.00004975	long leg	$346K	$197K	50x
Bitget DOGSUSDT	+0.0100%	4h	0.00004973	−0.040%	$655K	$459K	50x	as long as short
BingX DOGS-USDT	+0.0100%	4h	0.00004975	0.000%	—	$1.3M	—	as long as short
SunX DOGS-USDT	+0.0100%	4h	0.00004978	+0.060%	$2K	$1.2M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00004973	−0.039%	$2K	—	5x	as long as short