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: OKX against MEXC−0.107%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.107%, 7d avg −0.067%

Together, before fees−0.026%−$3 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 0.040% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEW_USDT	0.0004676	0.0100	pay 0.0050% / 4h	3h 54m	$387K	$172K	125x
Short	OKX MEW-USDT-SWAP	0.0004671	0.0100	get 0.0050% / 4h	3h 54m	$523K	$693K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.067%: −$4.04
Slippage, 4 orders: −$73.71
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$91.74
Costs to cover: 0.877%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: live order book, 17 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, 1 min ago	1.07 bp	10.8 bp −$11	54.9 bp −$549	195.0 bp −$19.5K	doesn't fit
Sell OKX live order book, 17 min ago	3.21 bp	30.7 bp −$31	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	0.0004670	−0.128%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.773%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004677	+0.030%	$1.2M	$2.7M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004674	−0.043%	$1.5M	$1.0M	25x	as long as short
OKX MEW-USDT-SWAPshort	+0.0100%	4h	0.0004671	−0.107%	$523K	$693K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004674	−0.043%	$124K	$77K	50x	as long as short
MEXC MEW_USDTlong	+0.0100%	4h	0.0004676	long leg	$387K	$172K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004679	+0.064%	$341K	$115K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004682	+0.128%	$490K	$362K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004678	+0.043%	—	$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	0.0004684	+0.168%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0688%	1h	0.0004679	+0.059%	$91K	$130K	10x	as long as short