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: Bybit against MEXC−0.107%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.107%, 7d avg −0.079%

Together, before fees+0.049%+$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: Bybit is 0.028% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEW_USDT	0.0004662	0.0100	pay 0.0050% / 4h	2h 26m	$389K	$178K	125x
Short	Bybit MEWUSDT	0.0004657	0.0100	get 0.0050% / 4h	2h 26m	$1.4M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.079%: −$2.84
Slippage, 4 orders: −$66.38
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$84.22
Costs to cover: 0.814%
Break-even: never at this rate

Slippage from MEXC: live order book, 24 min ago; Bybit: 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 MEXC live order book, 24 min ago	1.07 bp	11.9 bp −$12	55.8 bp −$558	204.9 bp −$20.5K	doesn't fit
Sell Bybit live order book, 5 min ago	6.45 bp	26.2 bp −$26	68.2 bp −$682	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	0.0004650	−0.257%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.502%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004662	0.000%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDTshort	+0.0100%	4h	0.0004657	−0.107%	$1.4M	$1.2M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004658	−0.086%	$525K	$750K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004659	−0.064%	$136K	$119K	50x	as long as short
MEXC MEW_USDTlong	+0.0100%	4h	0.0004662	long leg	$389K	$178K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004654	−0.172%	$336K	$116K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004656	−0.129%	$500K	$390K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004659	−0.064%	—	$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	0.0004659	−0.059%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0812%	1h	0.0004665	+0.065%	$92K	$106K	10x	as long as short