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: BingX against Bitget0.000%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on Bitget Short on BingX

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)−0.004%$0 · spread now 0.000%, 7d avg −0.055%

Together, before fees+0.006%+$1 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: BingX is 0.055% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004652	0.0100	pay 0.0050% / 4h	1h 58m	$500K	$373K	50x
Short	BingX MEW-USDT	0.0004652	0.0100	get 0.0050% / 4h	1h 58m	—	$24.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.055%: $5.51
Slippage, 4 orders: −$80.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$96.75
Costs to cover: 1.023%
Break-even: never at this rate

Slippage from Bitget: live order book, 63 min ago; BingX: live order book, 10 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, 63 min ago	8.60 bp	29.5 bp −$30	329.0 bp −$3,290	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	6.45 bp	23.0 bp −$23	61.4 bp −$614	704.1 bp −$70.4K	1089.5 bp −$544.7K

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	0.0004640	−0.258%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.308%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004651	−0.032%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004650	−0.043%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004645	−0.150%	$525K	$745K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004650	−0.043%	$136K	$119K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004652	0.000%	$386K	$173K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004654	+0.043%	$336K	$116K	30x	as long as short
Bitget MEWUSDTlong	+0.0100%	4h	0.0004652	long leg	$500K	$373K	50x
BingX MEW-USDTshort	+0.0100%	4h	0.0004652	0.000%	—	$24.2M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004649	−0.060%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1044%	1h	0.0004658	+0.126%	$93K	$107K	10x	as long as short