Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against OKX−0.171%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$461as in the Funding arb table

Net, price: spread back to 7d avg − costs−$479as in the Price arb table

costs, in and out, $10k−$4604.604% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.256%+$26 · spread now −0.171%, 7d avg +0.016%

Together, before fees+0.251%+$25 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: KuCoin is 0.187% cheaper against OKX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEW-USDT-SWAP	0.0004672	0.0100	pay 0.0050% / 4h	1h 58m	$525K	$656K	20x
Short	KuCoin MEWUSDTM	0.0004664	0.0100	get 0.0050% / 4h	1h 58m	$352K	$112K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.171%Rate

Funding earned: $0
Price spread: −0.171% → +0.016%: −$18.72
Slippage, 4 orders: −$438.36
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$479.09
Costs to cover: 4.604%
Break-even: never at this rate

Slippage from OKX: live order book, 22 min ago; KuCoin: 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 OKX live order book, 22 min ago	3.21 bp	33.6 bp −$34	9548.4 bp −$95.5K	174404.6 bp −$17.44M	doesn't fit
Sell KuCoin live order book, 13 min ago	19.24 bp	202.4 bp −$202	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	0.0004660	−0.257%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.696%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004673	+0.021%	$1.1M	$2.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004663	−0.193%	$1.5M	$975K	25x	as long as short
OKX MEW-USDT-SWAPlong	+0.0100%	4h	0.0004672	long leg	$525K	$656K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004655	−0.364%	$123K	$75K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004673	+0.021%	$386K	$170K	125x	as long as short
KuCoin MEWUSDTMshort	+0.0100%	4h	0.0004664	−0.171%	$352K	$112K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004671	−0.021%	$476K	$347K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004662	−0.214%	—	$22.3M	—	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	0.0004663	−0.197%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0439%	1h	0.0004668	−0.094%	$92K	$132K	10x	as long as short