Funding arb · Price arb /

MEW

all MEW markets

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: KuCoin against Binance+0.064%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$476as in the Funding arb table

Net, price: spread back to 7d avg − costs−$459as in the Price arb table

costs, in and out, $10k−$4704.698% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.064%, 7d avg −0.047%

Together, before fees−0.077%−$8 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: KuCoin is 0.111% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEWUSDT	0.0004689	0.0100	pay 0.0050% / 4h	23m 40s	$1.2M	$3.0M	50x
Short	KuCoin MEWUSDTM	0.0004692	0.0100	get 0.0050% / 4h	23m 40s	$329K	$122K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.047%: $11.06
Slippage, 4 orders: −$447.81
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$458.74
Costs to cover: 4.698%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 58 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, 12 min ago	3.23 bp	25.5 bp −$25	216.2 bp −$2,162	doesn't fit	doesn't fit
Sell KuCoin live order book, 58 min ago	17.11 bp	216.0 bp −$216	doesn't fit	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	0.0004680	−0.192%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.023%	$46	$14K	5.5x	as long as short
Binance MEWUSDTlong	+0.0100%	4h	0.0004689	long leg	$1.2M	$3.0M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004688	−0.021%	$1.4M	$1.3M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004679	−0.213%	$529K	$792K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004681	−0.171%	$136K	$121K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004688	−0.021%	$387K	$175K	125x	as long as short
KuCoin MEWUSDTMshort	+0.0100%	4h	0.0004692	+0.064%	$329K	$122K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004689	0.000%	$490K	$373K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004691	+0.043%	—	$24.2M	—	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	0.0004702	+0.269%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0953%	1h	0.0004695	+0.124%	$91K	$113K	10x	as long as short