Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.036%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.036%, 7d avg −0.002%

Together, before fees−0.048%−$5 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: Binance is 0.038% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEW_USDT	0.0004746	0.0100	pay 0.0050% / 4h	23m 14s	$381K	$182K	125x
Short	Binance MEWUSDT	0.0004748	0.0100	get 0.0050% / 4h	23m 14s	$1.3M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.002%: $3.77
Slippage, 4 orders: −$54.16
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.39
Costs to cover: 0.682%
Break-even: never at this rate

Slippage from MEXC: live order book, 62 min ago; Binance: live order book, 13 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 MEXC live order book, 62 min ago	1.05 bp	13.6 bp −$14	53.0 bp −$530	188.0 bp −$18.8K	doesn't fit
Sell Binance live order book, 13 min ago	1.05 bp	21.1 bp −$21	84.1 bp −$841	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	0.0004740	−0.126%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.104%	$46	$14K	5.5x	as long as short
Binance MEWUSDTshort	+0.0100%	4h	0.0004748	+0.036%	$1.3M	$3.7M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004738	−0.169%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004741	−0.105%	$550K	$940K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004735	−0.232%	$138K	$147K	50x	as long as short
MEXC MEW_USDTlong	+0.0100%	4h	0.0004746	long leg	$381K	$182K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004748	+0.042%	$335K	$118K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004743	−0.063%	$489K	$551K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004742	−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	0.0004746	−0.008%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0746%	1h	0.0004754	+0.171%	$97K	$140K	10x	as long as short