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

MEW

all MEW markets
SwapBacktest
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: Binance against BingX+0.101%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$950.947% 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 7 days−0.060%−$6 · spread now +0.101%, 7d avg +0.037%
Together, before fees−0.060%−$6 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: Binance is 0.064% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MEW-USDT0.00046440.0100pay 0.0050% / 4h1h 07m$24.2M
ShortBinance MEWUSDT0.00046490.0100get 0.0050% / 4h1h 07m$1.2M$2.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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: +0.101% → +0.037%
$6.38
Slippage, 4 orders
−$74.67
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$88.29
Costs to cover
0.947%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Binance: live order book, 14 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 BingX live order book, 2 min ago7.52 bp23.0 bp −$2370.0 bp −$700760.6 bp −$76.1K1160.3 bp −$580.1K
Sell Binance live order book, 14 min ago3.21 bp23.7 bp −$2486.2 bp −$862doesn'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%1h0.0004640−0.086%100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−9.152%$46$14K5.5xas long as short
Binance MEWUSDTshort+0.0100%4h0.0004649+0.101%$1.2M$2.9M50x
Bybit MEWUSDT+0.0100%4h0.0004642−0.043%$1.4M$1.2M25xas long as short
OKX MEW-USDT-SWAP+0.0100%4h0.0004641−0.065%$523K$762K20xas long as short
Gate MEW_USDT+0.0100%4h0.0004649+0.108%$136K$120K50xas long as short
MEXC MEW_USDT+0.0100%4h0.0004648+0.086%$383K$177K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.0004649+0.108%$345K$118K30xas long as short
Bitget MEWUSDT+0.0100%4h0.0004650+0.129%$496K$369K50xas long as short
BingX MEW-USDTlong+0.0100%4h0.0004644long leg$24.2M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEW+0.0100%4h0.0004651+0.142%$82K$32Kas long as short
Kraken Futures PF_MEWUSD+0.1046%1h0.0004652+0.163%$92K$109K10xas long as short