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 Gate+0.086%7-day average +0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2312.307% of the position

Long on Gate Short on Bitget

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)+0.156%+$16 · spread now +0.086%, 7d avg +0.169%

Together, before fees+0.146%+$15 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 0.084% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.169%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEW_USDT	0.0004675	0.0100	pay 0.0050% / 4h	2h 15m	$124K	$75K	50x
Short	Bitget MEWUSDT	0.0004679	0.0100	get 0.0050% / 4h	2h 15m	$477K	$348K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.169%: −$8.39
Slippage, 4 orders: −$203.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$239.06
Costs to cover: 2.307%
Break-even: never at this rate

Slippage from Gate: live order book, 67 min ago; Bitget: live order book, just now.

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 Gate live order book, 67 min ago	7.51 bp	129.6 bp −$130	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, just now	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	0.0004670	−0.107%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.754%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004679	+0.077%	$1.1M	$2.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004678	+0.064%	$1.5M	$970K	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004681	+0.128%	$525K	$655K	20x	as long as short
Gate MEW_USDTlong	+0.0100%	4h	0.0004675	long leg	$124K	$75K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004679	+0.086%	$387K	$172K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004676	+0.021%	$354K	$112K	30x	as long as short
Bitget MEWUSDTshort	+0.0100%	4h	0.0004679	+0.086%	$477K	$348K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004679	+0.086%	—	$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	0.0004680	+0.112%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0558%	1h	0.0004680	+0.111%	$93K	$132K	10x	as long as short