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: Bybit against BingX+0.064%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$970.973% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.064%, 7d avg −0.052%

Together, before fees−0.140%−$14 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: Bybit is 0.116% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MEW-USDT	0.0004716	0.0100	pay 0.0050% / 4h	3m 24s	—	$4.2M	—
Short	Bybit MEWUSDT	0.0004719	0.0100	get 0.0050% / 4h	3m 24s	$1.5M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.052%: $11.6
Slippage, 4 orders: −$76.27
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$85.66
Costs to cover: 0.973%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 3 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 BingX live order book, 10 min ago	6.39 bp	23.7 bp −$24	63.2 bp −$632	715.1 bp −$71.5K	1013.0 bp −$506.5K
Sell Bybit live order book, 3 min ago	5.31 bp	27.2 bp −$27	72.2 bp −$722	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	0.0004720	+0.085%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.539%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004729	+0.278%	$1.2M	$3.0M	50x	as long as short
Bybit MEWUSDTshort	+0.0100%	4h	0.0004719	+0.064%	$1.5M	$1.3M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004728	+0.254%	$536K	$805K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004710	−0.127%	$137K	$121K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004726	+0.212%	$392K	$176K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004702	−0.297%	$330K	$122K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004718	+0.042%	$499K	$376K	50x	as long as short
BingX MEW-USDTlong	+0.0100%	4h	0.0004716	long leg	—	$4.2M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004701	−0.325%	$83K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0947%	1h	0.0004723	+0.152%	$90K	$114K	10x	as long as short