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: MEXC against SunX−0.199%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2302.303% of the position

Long on SunX 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)+0.063%+$6 · spread now −0.199%, 7d avg −0.109%

Together, before fees+0.063%+$6 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 0.089% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DOGS-USDT	0.00005031	0.0100	pay 0.0050% / 4h	1h 54m	$1K	$1.5M	20x
Short	MEXC DOGS_USDT	0.00005021	0.0100	get 0.0050% / 4h	1h 54m	$3.3M	$250K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SunX. 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 SunXbpFee MEXCbpOrdersPrice spread, now −0.199%Rate

Funding earned: $0
Price spread: −0.199% → −0.109%: −$8.94
Slippage, 4 orders: −$218.28
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$239.22
Costs to cover: 2.303%
Break-even: never at this rate

Slippage from SunX: live order book, 11 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 SunX live order book, 11 min ago	33.48 bp	85.1 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.99 bp	16.3 bp −$16	72.3 bp −$723	164.9 bp −$16.5K	365.7 bp −$182.9K

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
Aster DOGSUSDT	+0.0100%	4h	0.00005027	−0.080%	$6K	$30K	5x	as long as short
Binance DOGSUSDT	+0.0100%	4h	0.00005022	−0.179%	$2.2M	$3.1M	50x	as long as short
Gate DOGS_USDT	+0.0100%	4h	0.00005024	−0.139%	$185K	$515K	20x	as long as short
MEXC DOGS_USDTshort	+0.0100%	4h	0.00005021	−0.199%	$3.3M	$250K	200x
KuCoin DOGSUSDTM	+0.0100%	4h	0.00005027	−0.080%	$356K	$226K	50x	as long as short
Bitget DOGSUSDT	+0.0100%	4h	0.00005024	−0.139%	$591K	$535K	50x	as long as short
BingX DOGS-USDT	+0.0100%	4h	0.00005028	−0.060%	—	$1.3M	—	as long as short
SunX DOGS-USDTlong	+0.0100%	4h	0.00005031	long leg	$1K	$1.5M	20x
Extended kDOGS-USD	+0.0104%	1h	0.00005025	−0.125%	$2K	—	5x	as long as short
Kraken Futures PF_DOGSUSD	+0.1105%	1h	0.00005026	−0.092%	$13K	$3K	10x	as long as short