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: Gate against Bitget−0.064%7-day average −0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2522.516% of the position

Long on Bitget Short on Gate

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)−0.113%−$11 · spread now −0.064%, 7d avg −0.167%

Together, before fees−0.103%−$10 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: Gate is 0.103% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.167%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004688	0.0100	pay 0.0050% / 4h	58m 53s	$486K	$355K	50x
Short	Gate MEW_USDT	0.0004685	0.0100	get 0.0050% / 4h	58m 53s	$125K	$75K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.167%: $10.34
Slippage, 4 orders: −$224.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$241.27
Costs to cover: 2.516%
Break-even: never at this rate

Slippage from Bitget: live order book, 12 min ago; Gate: live order book, 11 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, 12 min ago	5.36 bp	30.4 bp −$30	277.0 bp −$2,770	doesn't fit	doesn't fit
Sell Gate live order book, 11 min ago	6.44 bp	62.0 bp −$62	doesn't fit	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	0.0004690	+0.043%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.004%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004690	+0.043%	$1.1M	$2.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004688	0.000%	$1.5M	$1.0M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004687	−0.021%	$526K	$666K	20x	as long as short
Gate MEW_USDTshort	+0.0100%	4h	0.0004685	−0.064%	$125K	$75K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004692	+0.085%	$388K	$170K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004690	+0.043%	$353K	$112K	30x	as long as short
Bitget MEWUSDTlong	+0.0100%	4h	0.0004688	long leg	$486K	$355K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004690	+0.043%	—	$24.2M	—	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	0.0004679	−0.184%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.2258%	1h	0.0004699	+0.227%	$93K	$130K	10x	as long as short