Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.022%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1471.468% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.022%, 7d avg +0.091%

Together, before fees+0.098%+$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: Bitget is 0.069% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEWUSDT	0.0004638	0.0100	pay 0.0050% / 4h	2h 29m	$1.4M	$1.5M	25x
Short	Bitget MEWUSDT	0.0004639	0.0100	get 0.0050% / 4h	2h 29m	$484K	$526K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.091%: −$6.94
Slippage, 4 orders: −$123.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$153.76
Costs to cover: 1.468%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 12 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 Bybit live order book, 2 min ago	3.24 bp	29.4 bp −$29	69.1 bp −$691	doesn't fit	doesn't fit
Sell Bitget live order book, 12 min ago	8.61 bp	55.2 bp −$55	275.8 bp −$2,758	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	−9.034%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004644	+0.125%	$1.3M	$3.5M	50x	as long as short
Bybit MEWUSDTlong	+0.0100%	4h	0.0004638	long leg	$1.4M	$1.5M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004635	−0.065%	$535K	$879K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004633	−0.108%	$135K	$140K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004642	+0.086%	$365K	$184K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004646	+0.172%	$323K	$130K	30x	as long as short
Bitget MEWUSDTshort	+0.0100%	4h	0.0004639	+0.022%	$484K	$526K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004639	+0.022%	—	$6.7M	—	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	0.0004628	−0.220%	$82K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0424%	1h	0.0004644	+0.120%	$89K	$127K	10x	as long as short