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: MEXC against BingX+0.065%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.065%, 7d avg +0.042%

Together, before fees−0.053%−$5 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: MEXC is 0.023% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MEW-USDT	0.0004611	0.0100	pay 0.0050% / 4h	46m 12s	—	$24.2M	—
Short	MEXC MEW_USDT	0.0004614	0.0100	get 0.0050% / 4h	46m 12s	$381K	$174K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.042%: $2.3
Slippage, 4 orders: −$54.86
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$66.55
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; MEXC: live order book, 59 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, 7 min ago	5.40 bp	17.9 bp −$18	60.8 bp −$608	723.3 bp −$72.3K	1079.3 bp −$539.6K
Sell MEXC live order book, 59 min ago	1.08 bp	18.9 bp −$19	66.7 bp −$667	215.6 bp −$21.6K	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	0.0004600	−0.239%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−8.501%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004614	+0.065%	$1.2M	$3.0M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004612	+0.022%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004610	−0.022%	$519K	$766K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004610	−0.022%	$135K	$121K	50x	as long as short
MEXC MEW_USDTshort	+0.0100%	4h	0.0004614	+0.065%	$381K	$174K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004618	+0.152%	$340K	$118K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004616	+0.108%	$492K	$365K	50x	as long as short
BingX MEW-USDTlong	+0.0100%	4h	0.0004611	long leg	—	$24.2M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004609	−0.040%	$81K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0969%	1h	0.0004617	+0.120%	$90K	$115K	10x	as long as short