Settings8H · net · $10k
Funding arb · Price arb /

MEW

all MEW markets
SwapBacktest
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: Bitget against BingX0.000%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$970.969% of the position
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)+0.005%$0 · spread now 0.000%, 7d avg +0.056%
Together, before fees−0.005%−$1 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 BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MEW-USDT0.00046600.0100pay 0.0050% / 4h3h 42m$24.2M
ShortBitget MEWUSDT0.00046600.0100get 0.0050% / 4h3h 42m$493K$365K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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

Funding earned
$0
Price spread: 0.000% → +0.056%
−$5.58
Slippage, 4 orders
−$74.91
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$102.48
Costs to cover
0.969%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; Bitget: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 6 min ago5.36 bp21.4 bp −$2191.6 bp −$916735.4 bp −$73.5K1036.0 bp −$518.0K
Sell Bitget live order book, 24 min ago7.48 bp30.3 bp −$3091.3 bp −$913doesn't fitdoesn't fit

MEW on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MEW/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0004650−0.215%100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−9.464%$46$14K5.5xas long as short
Binance MEWUSDT+0.0100%4h0.0004666+0.129%$1.2M$2.8M50xas long as short
Bybit MEWUSDT+0.0100%4h0.0004662+0.043%$1.5M$1.1M25xas long as short
OKX MEW-USDT-SWAP+0.0100%4h0.00046600.000%$524K$703K20xas long as short
Gate MEW_USDT+0.0100%4h0.0004651−0.193%$124K$80K50xas long as short
MEXC MEW_USDT+0.0100%4h0.0004665+0.107%$387K$173K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.0004659−0.021%$340K$115K30xas long as short
Bitget MEWUSDTshort+0.0100%4h0.00046600.000%$493K$365K50x
BingX MEW-USDTlong+0.0100%4h0.0004660long leg$24.2M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEW+0.0100%4h0.0004654−0.134%$82K$32Kas long as short
Kraken Futures PF_MEWUSD+0.0690%1h0.0004667+0.145%$91K$108K10xas long as short