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: Bitget against Bybit+0.021%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1001.000% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.021%, 7d avg +0.097%

Together, before fees+0.116%+$12 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: Bitget is 0.076% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEWUSDT	0.0004660	0.0100	pay 0.0050% / 4h	1h 53m	$1.5M	$1.0M	25x
Short	Bitget MEWUSDT	0.0004661	0.0100	get 0.0050% / 4h	1h 53m	$476K	$349K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.097%: −$7.59
Slippage, 4 orders: −$77.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$107.63
Costs to cover: 1.000%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 23 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	3.21 bp	26.3 bp −$26	68.8 bp −$688	doesn't fit	doesn't fit
Sell Bitget live order book, 23 min ago	8.55 bp	19.1 bp −$19	66.4 bp −$664	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	0.0004660	0.000%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.464%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004662	+0.043%	$1.1M	$2.6M	50x	as long as short
Bybit MEWUSDTlong	+0.0100%	4h	0.0004660	long leg	$1.5M	$1.0M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004661	+0.021%	$523K	$657K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004654	−0.129%	$123K	$75K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004664	+0.086%	$385K	$170K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004660	0.000%	$353K	$112K	30x	as long as short
Bitget MEWUSDTshort	+0.0100%	4h	0.0004661	+0.021%	$476K	$349K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004660	0.000%	—	$22.3M	—	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	0.0004669	+0.195%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0439%	1h	0.0004664	+0.090%	$92K	$132K	10x	as long as short