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 MEXC−0.043%7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$248as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2482.480% of the position

Long on MEXC Short on Gate

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)−0.199%−$20 · spread now −0.043%, 7d avg −0.150%

Together, before fees−0.199%−$20 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 0.107% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.150%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEW_USDT	0.0004661	0.0100	pay 0.0050% / 4h	1h 13m	$389K	$176K	125x
Short	Gate MEW_USDT	0.0004659	0.0100	get 0.0050% / 4h	1h 13m	$136K	$120K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.150%: $10.67
Slippage, 4 orders: −$228.96
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$237.3
Costs to cover: 2.480%
Break-even: never at this rate

Slippage from MEXC: live order book, 32 min ago; Gate: live order book, 42 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, 32 min ago	1.08 bp	9.6 bp −$10	44.7 bp −$447	197.8 bp −$19.8K	doesn't fit
Sell Gate live order book, 42 min ago	7.53 bp	111.6 bp −$112	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	0.0004650	−0.236%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.483%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004661	+0.004%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004662	+0.021%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004657	−0.086%	$526K	$768K	20x	as long as short
Gate MEW_USDTshort	+0.0100%	4h	0.0004659	−0.043%	$136K	$120K	50x
MEXC MEW_USDTlong	+0.0100%	4h	0.0004661	long leg	$389K	$176K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004662	+0.021%	$346K	$118K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004662	+0.021%	$498K	$375K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004664	+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	0.0004668	+0.141%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1044%	1h	0.0004660	−0.013%	$92K	$109K	10x	as long as short