Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.048%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.056%+$6 · spread now +0.048%, 7d avg +0.090%

Together, before fees+0.058%+$6 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 0.042% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEWUSDT	0.0004611	0.0100	pay 0.0050% / 4h	48m 24s	$1.4M	$1.2M	25x
Short	Binance MEWUSDT	0.0004613	0.0100	get 0.0050% / 4h	48m 24s	$1.2M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.090%: −$4.19
Slippage, 4 orders: −$81.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.22
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 2 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 Bybit live order book, 3 min ago	6.49 bp	24.4 bp −$24	69.3 bp −$693	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.08 bp	30.9 bp −$31	88.3 bp −$883	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	0.0004610	−0.022%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−8.501%	$46	$14K	5.5x	as long as short
Binance MEWUSDTshort	+0.0100%	4h	0.0004613	+0.048%	$1.2M	$3.0M	50x
Bybit MEWUSDTlong	+0.0100%	4h	0.0004611	long leg	$1.4M	$1.2M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004611	0.000%	$519K	$765K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004610	−0.022%	$135K	$121K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004611	0.000%	$381K	$174K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004615	+0.087%	$341K	$118K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004617	+0.130%	$492K	$370K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004614	+0.065%	—	$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	0.0004616	+0.113%	$81K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0968%	1h	0.0004620	+0.201%	$93K	$111K	10x	as long as short