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: SunX against MEXC−0.201%7-day average +0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$240as in the Funding arb table

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

costs, in and out, $10k−$2402.401% 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 3 days (all we have)+0.333%+$33 · spread now −0.201%, 7d avg +0.110%

Together, before fees+0.333%+$33 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 0.311% cheaper against MEXC than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOGS_USDT	0.00004977	0.0100	pay 0.0050% / 4h	2h 39m	$3.2M	$250K	200x
Short	SunX DOGS-USDT	0.00004967	0.0100	get 0.0050% / 4h	2h 39m	$2K	$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 −0.201%Rate

Funding earned: $0
Price spread: −0.201% → +0.110%: −$31.08
Slippage, 4 orders: −$228.09
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$271.17
Costs to cover: 2.401%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; SunX: live order book, 4 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	3.01 bp	16.6 bp −$17	68.3 bp −$683	185.1 bp −$18.5K	380.4 bp −$190.2K
Sell SunX live order book, 4 min ago	31.85 bp	140.5 bp −$141	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	−0.1897%	1h	0.00004944	−0.670%	$13K	$1K	10x	as long as short
Aster DOGSUSDT	+0.0100%	4h	0.00004970	−0.141%	$7K	$21K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00004979	+0.040%	$2.1M	$2.5M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00004976	−0.020%	$190K	$475K	20x	as long as short
MEXC DOGS_USDTlong	+0.0100%	4h	0.00004977	long leg	$3.2M	$250K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00004970	−0.141%	$336K	$205K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00004977	0.000%	$637K	$498K	50x	as long as short
BingX DOGS-USDT	+0.0100%	4h	0.00004969	−0.161%	—	$1.3M	—	as long as short
SunX DOGS-USDTshort	+0.0100%	4h	0.00004967	−0.201%	$2K	$1.3M	20x
Extended kDOGS-USD	+0.0104%	1h	0.00004976	−0.024%	$2K	—	5x	as long as short