Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Binance−0.036%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.036%, 7d avg +0.020%

Together, before fees+0.179%+$18 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 0.056% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEWUSDT	0.0004672	0.0100	pay 0.0050% / 4h	2h 48m	$1.1M	$2.6M	50x
Short	Bitget MEWUSDT	0.0004670	0.0100	get 0.0050% / 4h	2h 48m	$477K	$347K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.020%: −$5.59
Slippage, 4 orders: −$70.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$98.19
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 36 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 Binance live order book, 2 min ago	2.14 bp	25.0 bp −$25	180.5 bp −$1,805	doesn't fit	doesn't fit
Sell Bitget live order book, 36 min ago	7.49 bp	19.7 bp −$20	61.3 bp −$613	doesn't fit	doesn't fit

MEW on 12 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
GMX MEW/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0004660	−0.250%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.690%	$46	$14K	5.5x	as long as short
Binance MEWUSDTlong	+0.0100%	4h	0.0004672	long leg	$1.1M	$2.6M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004669	−0.058%	$1.5M	$959K	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004664	−0.165%	$523K	$653K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004658	−0.293%	$123K	$74K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004670	−0.036%	$390K	$169K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004668	−0.079%	$352K	$111K	30x	as long as short
Bitget MEWUSDTshort	+0.0100%	4h	0.0004670	−0.036%	$477K	$347K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004670	−0.036%	—	$22.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004667	−0.100%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0560%	1h	0.0004670	−0.026%	$92K	$135K	10x	as long as short