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

MEW

all MEW markets
SwapBacktest
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: Binance against Bitget+0.064%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$960.959% 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)−0.136%−$14 · spread now +0.064%, 7d avg −0.017%
Together, before fees−0.126%−$13 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: Binance is 0.081% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEWUSDT0.00046670.0100pay 0.0050% / 4h30m 50s$487K$356K50x
ShortBinance MEWUSDT0.00046700.0100get 0.0050% / 4h30m 50s$1.1M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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: +0.064% → −0.017%
$8.14
Slippage, 4 orders
−$73.9
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$87.76
Costs to cover
0.959%
Break-even
never at this rate
Slippage from Bitget: live order book, 40 min ago; Binance: live order book, 4 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 Bitget live order book, 40 min ago5.36 bp30.4 bp −$30277.0 bp −$2,770doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago4.30 bp24.8 bp −$2585.8 bp −$858doesn'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%1h0.0004660−0.150%100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−9.599%$46$14K5.5xas long as short
Binance MEWUSDTshort+0.0100%4h0.0004670+0.064%$1.1M$2.7M50x
Bybit MEWUSDT+0.0100%4h0.0004669+0.043%$1.5M$1.0M25xas long as short
OKX MEW-USDT-SWAP+0.0100%4h0.0004669+0.043%$526K$673K20xas long as short
Gate MEW_USDT+0.0100%4h0.0004661−0.129%$124K$77K50xas long as short
MEXC MEW_USDT+0.0100%4h0.0004671+0.086%$387K$172K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.0004669+0.043%$348K$112K30xas long as short
Bitget MEWUSDTlong+0.0100%4h0.0004667long leg$487K$356K50x
BingX MEW-USDT+0.0100%4h0.0004665−0.043%$24.2Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEW+0.0100%4h0.0004668+0.031%$82K$32Kas long as short
Kraken Futures PF_MEWUSD+0.2269%1h0.0004676+0.186%$92K$129K10xas long as short