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: BingX against MEXC−0.107%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on MEXC Short on BingX

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)+0.125%+$13 · spread now −0.107%, 7d avg −0.041%

Together, before fees+0.125%+$13 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 0.066% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEW_USDT	0.0004664	0.0100	pay 0.0050% / 4h	2h 36m	$354K	$182K	125x
Short	BingX MEW-USDT	0.0004659	0.0100	get 0.0050% / 4h	2h 36m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.041%: −$6.61
Slippage, 4 orders: −$42.61
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$63.23
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from MEXC: live order book, 59 min ago; BingX: live order book, 11 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, 59 min ago	1.03 bp	10.0 bp −$10	46.1 bp −$461	197.2 bp −$19.7K	doesn't fit
Sell BingX live order book, 11 min ago	5.30 bp	19.0 bp −$19	55.6 bp −$556	638.7 bp −$63.9K	1023.6 bp −$511.8K

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	−0.300%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.541%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004665	+0.021%	$1.3M	$3.4M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004660	−0.086%	$1.4M	$1.5M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004655	−0.193%	$538K	$877K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004659	−0.107%	$135K	$139K	50x	as long as short
MEXC MEW_USDTlong	+0.0100%	4h	0.0004664	long leg	$354K	$182K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004662	−0.043%	$324K	$128K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004657	−0.150%	$486K	$526K	50x	as long as short
BingX MEW-USDTshort	+0.0100%	4h	0.0004659	−0.107%	—	$6.7M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004689	+0.541%	$83K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0422%	1h	0.0004663	−0.017%	$89K	$127K	10x	as long as short