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: Gate against KuCoin−0.151%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$671as in the Funding arb table

Net, price: spread back to 7d avg − costs−$682as in the Price arb table

costs, in and out, $10k−$6776.772% of the position

Long on KuCoin Short on Gate

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)+0.006%+$1 · spread now −0.151%, 7d avg −0.101%

Together, before fees+0.071%+$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: Gate is 0.049% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004649	0.0100	pay 0.0050% / 4h	3h 38m	$339K	$115K	30x
Short	Gate MEW_USDT	0.0004642	0.0100	get 0.0050% / 4h	3h 38m	$124K	$80K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → −0.101%: −$4.95
Slippage, 4 orders: −$650.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$682.12
Costs to cover: 6.772%
Break-even: never at this rate

Slippage from KuCoin: live order book, 13 min ago; Gate: live order book, 27 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, 13 min ago	12.88 bp	187.9 bp −$188	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	6.42 bp	56.2 bp −$56	doesn't fit	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	0.0004640	−0.194%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.249%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004651	+0.032%	$1.2M	$2.8M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004649	0.000%	$1.5M	$1.1M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004646	−0.065%	$523K	$701K	20x	as long as short
Gate MEW_USDTshort	+0.0100%	4h	0.0004642	−0.151%	$124K	$80K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004651	+0.043%	$385K	$173K	125x	as long as short
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004649	long leg	$339K	$115K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004649	0.000%	$492K	$365K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004647	−0.043%	—	$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	+0.200%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0691%	1h	0.0004656	+0.152%	$91K	$108K	10x	as long as short