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: BingX against KuCoin+0.086%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$527as in the Funding arb table

Net, price: spread back to 7d avg − costs−$526as in the Price arb table

costs, in and out, $10k−$5335.334% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.086%, 7d avg +0.009%

Together, before fees−0.057%−$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: BingX is 0.076% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004652	0.0100	pay 0.0050% / 4h	2h 03m	$336K	$116K	30x
Short	BingX MEW-USDT	0.0004656	0.0100	get 0.0050% / 4h	2h 03m	—	$24.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.009%: $7.65
Slippage, 4 orders: −$511.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$525.78
Costs to cover: 5.334%
Break-even: never at this rate

Slippage from KuCoin: live order book, 34 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 34 min ago	4.32 bp	255.0 bp −$255	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	6.45 bp	23.0 bp −$23	61.4 bp −$614	704.1 bp −$70.4K	1089.5 bp −$544.7K

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	0.0004650	−0.043%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.308%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004653	+0.021%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004650	−0.043%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004647	−0.107%	$525K	$752K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004648	−0.086%	$136K	$120K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004655	+0.064%	$387K	$180K	125x	as long as short
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004652	long leg	$336K	$116K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004654	+0.043%	$500K	$378K	50x	as long as short
BingX MEW-USDTshort	+0.0100%	4h	0.0004656	+0.086%	—	$24.2M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004652	+0.004%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0813%	1h	0.0004661	+0.184%	$93K	$107K	10x	as long as short