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: MEXC against Bybit+0.189%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.189%, 7d avg +0.079%

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: MEXC is 0.109% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEWUSDT	0.0004769	0.0100	pay 0.0050% / 4h	3h 07m	$1.5M	$1.4M	25x
Short	MEXC MEW_USDT	0.0004778	0.0100	get 0.0050% / 4h	3h 07m	$384K	$180K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.189%Rate

Funding earned: $0
Price spread: +0.189% → +0.079%: $10.94
Slippage, 4 orders: −$63.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$67.11
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 28 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, 4 min ago	7.33 bp	30.5 bp −$30	75.4 bp −$754	doesn't fit	doesn't fit
Sell MEXC live order book, 28 min ago	1.03 bp	12.0 bp −$12	54.1 bp −$541	202.8 bp −$20.3K	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	0.0004760	−0.189%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.533%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004779	+0.210%	$1.3M	$3.3M	50x	as long as short
Bybit MEWUSDTlong	+0.0100%	4h	0.0004769	long leg	$1.5M	$1.4M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004768	−0.021%	$547K	$870K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004764	−0.105%	$142K	$135K	50x	as long as short
MEXC MEW_USDTshort	+0.0100%	4h	0.0004778	+0.189%	$384K	$180K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004777	+0.168%	$331K	$127K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004772	+0.063%	$496K	$501K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004772	+0.063%	—	$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	0.0004784	+0.306%	$85K	$35K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0889%	1h	0.0004771	+0.032%	$90K	$123K	10x	as long as short