Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.042%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$410as in the Funding arb table

Net, price: spread back to 7d avg − costs−$397as in the Price arb table

costs, in and out, $10k−$4074.073% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.042%, 7d avg −0.058%

Together, before fees−0.074%−$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: KuCoin is 0.100% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004746	0.0100	pay 0.0050% / 4h	1h 47m	$482K	$557K	50x
Short	KuCoin MEWUSDTM	0.0004748	0.0100	get 0.0050% / 4h	1h 47m	$374K	$120K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.058%: $10
Slippage, 4 orders: −$383.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$397.32
Costs to cover: 4.073%
Break-even: never at this rate

Slippage from Bitget: live order book, 60 min ago; KuCoin: live order book, 57 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, 60 min ago	6.32 bp	24.8 bp −$25	332.5 bp −$3,325	doesn't fit	doesn't fit
Sell KuCoin live order book, 57 min ago	19.98 bp	191.8 bp −$192	doesn't fit	doesn't fit	doesn't fit

MEW on 12 exchanges

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	0.0004740	−0.126%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.104%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004747	+0.025%	$1.3M	$3.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004742	−0.084%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004741	−0.105%	$565K	$972K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004740	−0.126%	$137K	$113K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004746	0.000%	$353K	$176K	125x	as long as short
KuCoin MEWUSDTMshort	+0.0100%	4h	0.0004748	+0.042%	$374K	$120K	30x
Bitget MEWUSDTlong	+0.0100%	4h	0.0004746	long leg	$482K	$557K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004747	+0.021%	—	$9.5M	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004747	+0.027%	$83K	$37K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0892%	1h	0.0004748	+0.046%	$100K	$135K	10x	as long as short