MEW

Alert

Funding spread now, next payment 17:00 UTC+0.0767%/8h

paid, last 24h+0.037%paid, last 3 days+0.435%to open and closeno order book

Long on Kraken Futures Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MEWUSD	0.0004689	−0.0667	get 0.0083% / 1h	38m 39s	$98K	$127K	10x
Short	Variational Omni MEW	0.0004695	0.0100	get 0.0050% / 4h	3h 38m	$52K	$130	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersRate

Funding earned: $161.09
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $151.09
Break-even: 0.4 days

Slippage unknown: Kraken Futures: live order book, 26 min ago; Variational Omni: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.147%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Kraken Futures live order book, 26 min ago	8.46 bp	1236.1 bp −$1,236	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MEW on 12 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MEWUSDlong	−0.0667%	1h	$98K	$127K	10x
GMX MEW/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	$46	$26K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	$1.2M	$2.3M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	$1.5M	$778K	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	$523K	$615K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	$124K	$71K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	$394K	$168K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	$374K	$100K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	$487K	$305K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX MEW-USDT	+0.0100%	4h	—	$22.2M	—	as long as short
Variational Omni MEWshort	+0.0100%	4h	$52K	$130	—