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: Binance against Gate+0.319%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$294as in the Funding arb table

Net, price: spread back to 7d avg − costs−$277as in the Price arb table

costs, in and out, $10k−$2942.940% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.319%, 7d avg +0.146%

Together, before fees−0.229%−$23 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: Binance is 0.173% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEW_USDT	0.0004701	0.0100	pay 0.0050% / 4h	3h 27m	$136K	$148K	50x
Short	Binance MEWUSDT	0.0004716	0.0100	get 0.0050% / 4h	3h 27m	$1.3M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.319%Rate

Funding earned: $0
Price spread: +0.319% → +0.146%: $17.26
Slippage, 4 orders: −$268.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$276.72
Costs to cover: 2.940%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; Binance: live order book, 9 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 Gate live order book, 63 min ago	9.48 bp	86.1 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	4.22 bp	18.9 bp −$19	80.4 bp −$804	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	0.0004710	+0.191%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.253%	$46	$14K	5.5x	as long as short
Binance MEWUSDTshort	+0.0100%	4h	0.0004716	+0.319%	$1.3M	$3.7M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004716	+0.319%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004712	+0.234%	$550K	$940K	20x	as long as short
Gate MEW_USDTlong	+0.0100%	4h	0.0004701	long leg	$136K	$148K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004715	+0.298%	$375K	$182K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004706	+0.106%	$376K	$129K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004715	+0.298%	$483K	$556K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004706	+0.106%	—	$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	0.0004708	+0.143%	$83K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1430%	1h	0.0004728	+0.583%	$96K	$141K	10x	as long as short