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 Bybit+0.085%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$418as in the Funding arb table

Net, price: spread back to 7d avg − costs−$410as in the Price arb table

costs, in and out, $10k−$4154.150% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.085%, 7d avg +0.035%

Together, before fees−0.003%$0 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 0.050% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEWUSDT	0.0004703	0.0100	pay 0.0050% / 4h	43m 48s	$1.5M	$1.6M	25x
Short	KuCoin MEWUSDTM	0.0004707	0.0100	get 0.0050% / 4h	43m 48s	$371K	$116K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.035%: $5.03
Slippage, 4 orders: −$392
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$409.97
Costs to cover: 4.150%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; KuCoin: live order book, 51 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, 6 min ago	6.41 bp	24.9 bp −$25	164.4 bp −$1,644	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	11.73 bp	224.3 bp −$224	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	0.0004700	−0.064%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.291%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004705	+0.043%	$1.3M	$3.6M	50x	as long as short
Bybit MEWUSDTlong	+0.0100%	4h	0.0004703	long leg	$1.5M	$1.6M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004702	−0.021%	$560K	$1.0M	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004695	−0.170%	$134K	$115K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004706	+0.064%	$377K	$179K	125x	as long as short
KuCoin MEWUSDTMshort	+0.0100%	4h	0.0004707	+0.085%	$371K	$116K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004706	+0.064%	$479K	$576K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004703	0.000%	—	$9.3M	—	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	0.0004695	−0.174%	$82K	$38K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1039%	1h	0.0004710	+0.147%	$100K	$134K	10x	as long as short