Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.194%7-day average +0.151% · you sell dearer than you buy

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1871.867% of the position

Long on Gate Short on MEXC

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)−0.097%−$10 · spread now +0.194%, 7d avg +0.151%

Together, before fees−0.097%−$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 0.043% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.151%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEW_USDT	0.0004640	0.0100	pay 0.0050% / 4h	2h 15m	$135K	$120K	50x
Short	MEXC MEW_USDT	0.0004649	0.0100	get 0.0050% / 4h	2h 15m	$386K	$179K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.194%Rate

Funding earned: $0
Price spread: +0.194% → +0.151%: $4.31
Slippage, 4 orders: −$167.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$182.38
Costs to cover: 1.867%
Break-even: never at this rate

Slippage from Gate: live order book, 45 min ago; MEXC: live order book, 35 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, 45 min ago	7.54 bp	92.5 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 35 min ago	1.07 bp	13.6 bp −$14	61.1 bp −$611	211.8 bp −$21.2K	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	0.000%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.073%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004648	+0.177%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004642	+0.043%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004642	+0.043%	$523K	$751K	20x	as long as short
Gate MEW_USDTlong	+0.0100%	4h	0.0004640	long leg	$135K	$120K	50x
MEXC MEW_USDTshort	+0.0100%	4h	0.0004649	+0.194%	$386K	$179K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004645	+0.108%	$336K	$116K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004647	+0.151%	$499K	$380K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004646	+0.129%	—	$24.2M	—	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	0.0004644	+0.078%	$81K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0814%	1h	0.0004654	+0.304%	$92K	$106K	10x	as long as short