Funding arb · Price arb /

DOGS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.040%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$980.980% of the position

Long on MEXC Short on Bitget

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)+0.107%+$11 · spread now +0.040%, 7d avg +0.011%

Together, before fees+0.107%+$11 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: Bitget is 0.029% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGS_USDT	0.00005062	0.0100	pay 0.0050% / 4h	3h 29m	$3.4M	$244K	200x
Short	Bitget DOGSUSDT	0.00005064	0.0100	get 0.0050% / 4h	3h 29m	$642K	$575K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.011%: $2.89
Slippage, 4 orders: −$82.01
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.12
Costs to cover: 0.980%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 65 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, 1 min ago	1.98 bp	16.3 bp −$16	76.2 bp −$762	185.7 bp −$18.6K	374.3 bp −$187.2K
Sell Bitget live order book, 65 min ago	10.85 bp	31.2 bp −$31	116.9 bp −$1,169	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
Aster DOGSUSDT	+0.0100%	4h	0.00005058	−0.079%	$5K	$30K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005062	0.000%	$2.2M	$3.1M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00005058	−0.079%	$185K	$514K	20x	as long as short
MEXC DOGS_USDTlong	+0.0100%	4h	0.00005062	long leg	$3.4M	$244K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005060	−0.040%	$349K	$226K	50x	as long as short
Bitget DOGSUSDTshort	+0.0100%	4h	0.00005064	+0.040%	$642K	$575K	50x
BingX DOGS-USDT	+0.0100%	4h	0.00005060	−0.040%	—	$1.3M	—	as long as short
SunX DOGS-USDT	+0.0100%	4h	0.00005060	−0.040%	$2K	$1.6M	20x	as long as short
Extended kDOGS-USD	+0.0104%	1h	0.00005059	−0.066%	$2K	—	5x	as long as short
Kraken Futures PF_DOGSUSD	+0.4077%	1h	0.00005083	+0.415%	$14K	$3K	10x	as long as short