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 KuCoin spot at $0.00004388 and the highest bid on OKX spot at $0.00004393.
The widest DOGS perpetual spread is between Binance and KuCoin: long DOGS on Binance at $0.00004389 and short on KuCoin at $0.00004391 for +0.05% gross, or -0.11% 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 KuCoin: +0.07% gross, -0.13% 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 +0.11% 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.