Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

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: Bybit against Bitget0.000%7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1041.040% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now 0.000%, 7d avg −0.096%

Together, before fees−0.073%−$7 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 0.096% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004683	0.0100	pay 0.0050% / 4h	1h 39m	$478K	$348K	50x
Short	Bybit MEWUSDT	0.0004683	0.0100	get 0.0050% / 4h	1h 39m	$1.5M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.096%: $9.62
Slippage, 4 orders: −$81.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$94.43
Costs to cover: 1.040%
Break-even: never at this rate

Slippage from Bitget: live order book, 36 min ago; Bybit: live order book, 1 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 Bitget live order book, 36 min ago	8.55 bp	28.8 bp −$29	253.9 bp −$2,539	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.28 bp	33.0 bp −$33	80.6 bp −$806	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	−0.064%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.908%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004686	+0.064%	$1.1M	$2.6M	50x	as long as short
Bybit MEWUSDTshort	+0.0100%	4h	0.0004683	0.000%	$1.5M	$1.0M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004681	−0.043%	$526K	$663K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004673	−0.214%	$124K	$75K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004686	+0.064%	$387K	$171K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004682	−0.021%	$355K	$111K	30x	as long as short
Bitget MEWUSDTlong	+0.0100%	4h	0.0004683	long leg	$478K	$348K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004684	+0.021%	—	$22.6M	—	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	0.0004678	−0.108%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0437%	1h	0.0004691	+0.181%	$93K	$130K	10x	as long as short