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: MEXC against Bybit+0.129%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.129%, 7d avg +0.080%

Together, before fees−0.068%−$7 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 0.049% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEWUSDT	0.0004663	0.0100	pay 0.0050% / 4h	3h 37m	$1.5M	$1.1M	25x
Short	MEXC MEW_USDT	0.0004669	0.0100	get 0.0050% / 4h	3h 37m	$386K	$173K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.129%Rate

Funding earned: $0
Price spread: +0.129% → +0.080%: $4.91
Slippage, 4 orders: −$50.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$61.02
Costs to cover: 0.659%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 18 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, 4 min ago	3.22 bp	26.8 bp −$27	70.7 bp −$707	doesn't fit	doesn't fit
Sell MEXC live order book, 18 min ago	1.07 bp	14.5 bp −$14	57.0 bp −$570	198.0 bp −$19.8K	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	−0.064%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.522%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004670	+0.152%	$1.2M	$2.8M	50x	as long as short
Bybit MEWUSDTlong	+0.0100%	4h	0.0004663	long leg	$1.5M	$1.1M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004676	+0.279%	$525K	$706K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004660	−0.064%	$124K	$80K	50x	as long as short
MEXC MEW_USDTshort	+0.0100%	4h	0.0004669	+0.129%	$386K	$173K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004659	−0.086%	$340K	$115K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004661	−0.043%	$494K	$365K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004657	−0.129%	—	$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	0.0004658	−0.101%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0688%	1h	0.0004680	+0.372%	$92K	$105K	10x	as long as short