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: Binance against Bitget+0.034%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1051.051% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.034%, 7d avg −0.018%

Together, before fees−0.073%−$7 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 0.052% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004674	0.0100	pay 0.0050% / 4h	3h 32m	$493K	$366K	50x
Short	Binance MEWUSDT	0.0004676	0.0100	get 0.0050% / 4h	3h 32m	$1.2M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.018%: $5.25
Slippage, 4 orders: −$83.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99.82
Costs to cover: 1.051%
Break-even: never at this rate

Slippage from Bitget: live order book, 33 min ago; Binance: live order book, 3 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 Bitget live order book, 33 min ago	7.48 bp	26.2 bp −$26	188.9 bp −$1,889	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	4.27 bp	26.5 bp −$26	88.7 bp −$887	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	−0.086%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.735%	$46	$14K	5.5x	as long as short
Binance MEWUSDTshort	+0.0100%	4h	0.0004676	+0.034%	$1.2M	$2.8M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004674	0.000%	$1.5M	$1.1M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004672	−0.043%	$526K	$709K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004665	−0.193%	$128K	$84K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004675	+0.021%	$388K	$174K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004676	+0.043%	$341K	$115K	30x	as long as short
Bitget MEWUSDTlong	+0.0100%	4h	0.0004674	long leg	$493K	$366K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004676	+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	0.0004680	+0.134%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0688%	1h	0.0004679	+0.115%	$92K	$108K	10x	as long as short