Settings8H · net · $10k
Funding arb · Price arb /

MEW

all MEW markets
SwapBacktest
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: Gate against Binance−0.109%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1991.994% of the position
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)−0.042%−$4 · spread now −0.109%, 7d avg −0.146%
Together, before fees−0.042%−$4 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 0.037% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.146%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MEWUSDT0.00047790.0100pay 0.0050% / 4h3h 22m$1.3M$3.3M50x
ShortGate MEW_USDT0.00047740.0100get 0.0050% / 4h3h 22m$142K$134K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Funding earned
$0
Price spread: −0.109% → −0.146%
$3.68
Slippage, 4 orders
−$174.35
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$195.68
Costs to cover
1.994%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; Gate: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago2.07 bp20.1 bp −$20122.2 bp −$1,222doesn't fitdoesn't fit
Sell Gate live order book, 23 min ago5.18 bp56.1 bp −$56doesn't fitdoesn't fitdoesn't fit

MEW on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MEW/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0004790+0.226%100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−11.722%$46$14K5.5xas long as short
Binance MEWUSDTlong+0.0100%4h0.0004779long leg$1.3M$3.3M50x
Bybit MEWUSDT+0.0100%4h0.0004777−0.046%$1.5M$1.4M25xas long as short
OKX MEW-USDT-SWAP+0.0100%4h0.0004772−0.151%$548K$868K20xas long as short
Gate MEW_USDTshort+0.0100%4h0.0004774−0.109%$142K$134K50x
MEXC MEW_USDT+0.0100%4h0.0004778−0.025%$389K$179K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.0004785+0.121%$332K$126K30xas long as short
Bitget MEWUSDT+0.0100%4h0.0004782+0.059%$516K$483K50xas long as short
BingX MEW-USDT+0.0100%4h0.0004778−0.025%$6.7Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEW+0.0100%4h0.0004791+0.239%$85K$35Kas long as short
Kraken Futures PF_MEWUSD+0.0884%1h0.0004799+0.416%$90K$121K10xas long as short