Settings8H · net · $10k
Funding arb · Price arb /

MEW

all MEW markets
SwapBacktest
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: BingX against Bybit+0.043%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$990.993% of the position
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−0.051%−$5 · spread now +0.043%, 7d avg +0.052%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MEWUSDT0.00046590.0100pay 0.0050% / 4h2h 48m$1.5M$1.1M25x
ShortBingX MEW-USDT0.00046610.0100get 0.0050% / 4h2h 48m$24.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.043% → +0.052%
−$0.86
Slippage, 4 orders
−$78.26
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$100.11
Costs to cover
0.993%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago5.37 bp32.6 bp −$3379.7 bp −$797doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago5.39 bp19.3 bp −$1955.4 bp −$554627.4 bp −$62.7K1037.4 bp −$518.7K

MEW on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MEW/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0004650−0.193%100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−9.444%$46$14K5.5xas long as short
Binance MEWUSDT+0.0100%4h0.0004664+0.107%$1.2M$2.9M50xas long as short
Bybit MEWUSDTlong+0.0100%4h0.0004659long leg$1.5M$1.1M25x
OKX MEW-USDT-SWAP+0.0100%4h0.0004656−0.064%$524K$729K20xas long as short
Gate MEW_USDT+0.0100%4h0.00046590.000%$132K$102K50xas long as short
MEXC MEW_USDT+0.0100%4h0.0004662+0.064%$388K$175K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.0004654−0.107%$337K$116K30xas long as short
Bitget MEWUSDT+0.0100%4h0.0004657−0.043%$491K$371K50xas long as short
BingX MEW-USDTshort+0.0100%4h0.0004661+0.043%$24.2M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEW+0.0100%4h0.0004650−0.187%$82K$32Kas long as short
Kraken Futures PF_MEWUSD+0.0809%1h0.0004682+0.489%$92K$106K10xas long as short