DOGS arbitrage explained
Right now Dogs (DOGS) trades on 9 venues we scan: 6 perpetual markets, 7 spot markets and 1 DEX pool. The lowest ask is on Gate perp at $0.00004402 and the highest bid on OKX spot at $0.00004406.
The widest DOGS perpetual spread is between Gate and Bitget: long DOGS on Gate at $0.00004402 and short on Bitget at $0.00004402 for 0.00% gross, or -0.16% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best DOGS route is to buy spot on KuCoin and short the perpetual on Bitget: -0.05% gross, -0.25% net, with +0.030% a day of funding on the short leg.
Spot–spot DOGS arbitrage (buy on KuCoin, withdraw, deposit and sell on OKX) shows +0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small DOGS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: DOGS funding rates · DOGS spread charts · Dogs price · arbitrage scanner for all coins.