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

MEW

all MEW markets
SwapBacktest
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: Gate against Bitget−0.128%7-day average −0.169% · you buy dearer than you sell
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2682.684% of the position
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)−0.113%−$11 · spread now −0.128%, 7d avg −0.169%
Together, before fees−0.103%−$10 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 0.041% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.169%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEWUSDT0.00046730.0100pay 0.0050% / 4h2h 12m$476K$348K50x
ShortGate MEW_USDT0.00046670.0100get 0.0050% / 4h2h 12m$124K$75K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −0.128% → −0.169%
$4.11
Slippage, 4 orders
−$241.45
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$264.34
Costs to cover
2.684%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 3 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 Bitget live order book, 4 min ago8.55 bp28.8 bp −$29253.9 bp −$2,539doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago6.43 bp67.7 bp −$68doesn'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%1h0.0004660−0.278%100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−9.715%$46$14K5.5xas long as short
Binance MEWUSDT+0.0100%4h0.0004670−0.064%$1.1M$2.6M50xas long as short
Bybit MEWUSDT+0.0100%4h0.0004671−0.043%$1.5M$970K25xas long as short
OKX MEW-USDT-SWAP+0.0100%4h0.0004663−0.214%$524K$653K20xas long as short
Gate MEW_USDTshort+0.0100%4h0.0004667−0.128%$124K$75K50x
MEXC MEW_USDT+0.0100%4h0.0004672−0.021%$386K$172K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.00046730.000%$353K$112K30xas long as short
Bitget MEWUSDTlong+0.0100%4h0.0004673long leg$476K$348K50x
BingX MEW-USDT+0.0100%4h0.0004671−0.043%$22.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEW+0.0100%4h0.0004677+0.081%$82K$32Kas long as short
Kraken Futures PF_MEWUSD+0.0559%1h0.0004676+0.064%$92K$132K10xas long as short