Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.337%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$570as in the Funding arb table

Net, price: spread back to 7d avg − costs−$600as in the Price arb table

costs, in and out, $10k−$5695.689% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.265%+$26 · spread now −0.337%, 7d avg −0.022%

Together, before fees+0.254%+$25 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: OKX is 0.315% cheaper against KuCoin than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004741	0.0100	pay 0.0050% / 4h	3h 43m	$334K	$117K	30x
Short	OKX MEW-USDT-SWAP	0.0004725	0.0100	get 0.0050% / 4h	3h 43m	$551K	$946K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.337%Rate

Funding earned: $0
Price spread: −0.337% → −0.022%: −$31.5
Slippage, 4 orders: −$546.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$600.37
Costs to cover: 5.689%
Break-even: never at this rate

Slippage from KuCoin: live order book, 49 min ago; OKX: live order book, 53 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, 49 min ago	23.08 bp	282.1 bp −$282	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 53 min ago	3.16 bp	35.3 bp −$35	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	0.0004720	−0.443%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.010%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004732	−0.190%	$1.3M	$3.7M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004728	−0.274%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAPshort	+0.0100%	4h	0.0004725	−0.337%	$551K	$946K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004730	−0.232%	$137K	$147K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004729	−0.253%	$377K	$181K	125x	as long as short
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004741	long leg	$334K	$117K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004735	−0.127%	$489K	$556K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004737	−0.084%	—	$6.7M	—	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	0.0004743	+0.047%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1425%	1h	0.0004745	+0.087%	$97K	$141K	10x	as long as short