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: BingX against Gate+0.043%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$2932.930% of the position

Long on Gate Short on BingX

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)+0.151%+$15 · spread now +0.043%, 7d avg +0.108%

Together, before fees+0.151%+$15 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: BingX is 0.065% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEW_USDT	0.0004698	0.0100	pay 0.0050% / 4h	3h 28m	$136K	$148K	50x
Short	BingX MEW-USDT	0.0004700	0.0100	get 0.0050% / 4h	3h 28m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.108%: −$6.5
Slippage, 4 orders: −$268.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$299.51
Costs to cover: 2.930%
Break-even: never at this rate

Slippage from Gate: live order book, 62 min ago; BingX: live order book, 8 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, 62 min ago	9.48 bp	86.1 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	7.39 bp	22.3 bp −$22	64.6 bp −$646	698.8 bp −$69.9K	1066.0 bp −$533.0K

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	0.0004700	+0.043%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.196%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004700	+0.043%	$1.3M	$3.7M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004698	0.000%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004698	0.000%	$548K	$941K	20x	as long as short
Gate MEW_USDTlong	+0.0100%	4h	0.0004698	long leg	$136K	$148K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004702	+0.085%	$375K	$182K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004704	+0.128%	$376K	$129K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004706	+0.170%	$486K	$557K	50x	as long as short
BingX MEW-USDTshort	+0.0100%	4h	0.0004700	+0.043%	—	$6.7M	—

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	+0.207%	$83K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1434%	1h	0.0004715	+0.366%	$96K	$141K	10x	as long as short