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: BingX against MEXC+0.060%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$710.712% 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−0.099%−$10 · spread now +0.060%, 7d avg −0.005%

Together, before fees−0.099%−$10 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 0.065% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGS_USDT	0.00005024	0.0100	pay 0.0050% / 4h	1h 54m	$3.3M	$250K	200x
Short	BingX DOGS-USDT	0.00005027	0.0100	get 0.0050% / 4h	1h 54m	—	$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 +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.005%: $6.5
Slippage, 4 orders: −$57.19
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$64.69
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 6 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	0.99 bp	8.8 bp −$9	64.8 bp −$648	157.8 bp −$15.8K	353.1 bp −$176.5K
Sell BingX live order book, 6 min ago	4.94 bp	15.5 bp −$15	78.8 bp −$788	508.3 bp −$50.8K	728.9 bp −$364.4K

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
Aster DOGSUSDT	+0.0100%	4h	0.00005029	+0.100%	$6K	$30K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005026	+0.040%	$2.2M	$3.1M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00005026	+0.040%	$185K	$515K	20x	as long as short
MEXC DOGS_USDTlong	+0.0100%	4h	0.00005024	long leg	$3.3M	$250K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005027	+0.060%	$356K	$226K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00005025	+0.020%	$591K	$535K	50x	as long as short
BingX DOGS-USDTshort	+0.0100%	4h	0.00005027	+0.060%	—	$1.3M	—
SunX DOGS-USDT	+0.0100%	4h	0.00005031	+0.139%	$1K	$1.5M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005028	+0.074%	$2K	—	5x	as long as short
Kraken Futures PF_DOGSUSD	+0.1103%	1h	0.00005036	+0.235%	$13K	$3K	10x	as long as short