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: OKX against Bitget+0.086%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

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

costs, in and out, $10k−$1171.166% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.086%, 7d avg −0.080%

Together, before fees−0.301%−$30 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: OKX is 0.166% dearer against Bitget than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004642	0.0100	pay 0.0050% / 4h	1h 29m	$496K	$374K	50x
Short	OKX MEW-USDT-SWAP	0.0004646	0.0100	get 0.0050% / 4h	1h 29m	$525K	$759K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → −0.080%: $16.63
Slippage, 4 orders: −$94.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$99.95
Costs to cover: 1.166%
Break-even: never at this rate

Slippage from Bitget: live order book, 27 min ago; OKX: live order book, 32 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, 27 min ago	9.67 bp	29.8 bp −$30	274.4 bp −$2,744	doesn't fit	doesn't fit
Sell OKX live order book, 32 min ago	5.38 bp	32.1 bp −$32	doesn't fit	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	0.0004640	−0.043%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.112%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004654	+0.248%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004646	+0.086%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAPshort	+0.0100%	4h	0.0004646	+0.086%	$525K	$759K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004650	+0.172%	$136K	$120K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004653	+0.237%	$386K	$174K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004642	0.000%	$345K	$118K	30x	as long as short
Bitget MEWUSDTlong	+0.0100%	4h	0.0004642	long leg	$496K	$374K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004648	+0.129%	—	$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	0.0004658	+0.346%	$81K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1045%	1h	0.0004655	+0.290%	$92K	$108K	10x	as long as short