Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget0.000%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$952as in the Funding arb table

Net, price: spread back to 7d avg − costs−$942as in the Price arb table

costs, in and out, $10k−$9489.479% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now 0.000%, 7d avg −0.064%

Together, before fees−0.050%−$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: KuCoin is 0.064% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004739	0.0100	pay 0.0050% / 4h	3h 01m	$501K	$513K	50x
Short	KuCoin MEWUSDTM	0.0004739	0.0100	get 0.0050% / 4h	3h 01m	$329K	$127K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.064%: $6.38
Slippage, 4 orders: −$923.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$941.57
Costs to cover: 9.479%
Break-even: never at this rate

Slippage from Bitget: live order book, 45 min ago; KuCoin: live order book, 71 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, 45 min ago	8.28 bp	24.6 bp −$25	136.4 bp −$1,364	doesn't fit	doesn't fit
Sell KuCoin live order book, 71 min ago	3.19 bp	128.1 bp −$128	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	0.0004730	−0.190%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.973%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004741	+0.044%	$1.3M	$3.3M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004738	−0.021%	$1.5M	$1.4M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004731	−0.169%	$546K	$872K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004732	−0.148%	$141K	$135K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004740	+0.021%	$380K	$181K	125x	as long as short
KuCoin MEWUSDTMshort	+0.0100%	4h	0.0004739	0.000%	$329K	$127K	30x
Bitget MEWUSDTlong	+0.0100%	4h	0.0004739	long leg	$501K	$513K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004738	−0.021%	—	$6.7M	—	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	0.0004781	+0.890%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0894%	1h	0.0004741	+0.048%	$90K	$127K	10x	as long as short