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: MEXC against Bitget+0.128%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1151.145% of the position

Long on Bitget Short on MEXC

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)−0.170%−$17 · spread now +0.128%, 7d avg −0.012%

Together, before fees−0.160%−$16 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 0.140% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004679	0.0100	pay 0.0050% / 4h	2h 19m	$484K	$528K	50x
Short	MEXC MEW_USDT	0.0004685	0.0100	get 0.0050% / 4h	2h 19m	$366K	$185K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → −0.012%: $14.04
Slippage, 4 orders: −$98.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$100.46
Costs to cover: 1.145%
Break-even: never at this rate

Slippage from Bitget: live order book, 22 min ago; MEXC: 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, 22 min ago	8.61 bp	34.3 bp −$34	433.5 bp −$4,335	doesn't fit	doesn't fit
Sell MEXC live order book, 11 min ago	1.08 bp	15.4 bp −$15	57.9 bp −$579	199.6 bp −$20.0K	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	+0.021%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.831%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004686	+0.156%	$1.3M	$3.5M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004681	+0.043%	$1.5M	$1.5M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004682	+0.064%	$540K	$890K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004679	0.000%	$136K	$140K	50x	as long as short
MEXC MEW_USDTshort	+0.0100%	4h	0.0004685	+0.128%	$366K	$185K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004674	−0.107%	$327K	$131K	30x	as long as short
Bitget MEWUSDTlong	+0.0100%	4h	0.0004679	long leg	$484K	$528K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004685	+0.128%	—	$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	0.0004648	−0.659%	$82K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0419%	1h	0.0004698	+0.410%	$90K	$130K	10x	as long as short