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: Binance against KuCoin−0.004%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$517as in the Funding arb table

Net, price: spread back to 7d avg − costs−$529as in the Price arb table

costs, in and out, $10k−$5245.236% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.004%, 7d avg +0.047%

Together, before fees+0.006%+$1 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 0.052% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004651	0.0100	pay 0.0050% / 4h	2h 58m	$338K	$116K	30x
Short	Binance MEWUSDT	0.0004651	0.0100	get 0.0050% / 4h	2h 58m	$1.2M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.047%: −$5.17
Slippage, 4 orders: −$501.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$528.76
Costs to cover: 5.236%
Break-even: never at this rate

Slippage from KuCoin: live order book, 53 min ago; Binance: live order book, 7 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 KuCoin live order book, 53 min ago	12.88 bp	187.9 bp −$188	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.06 bp	25.5 bp −$26	82.9 bp −$829	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	0.0004650	−0.022%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.288%	$46	$14K	5.5x	as long as short
Binance MEWUSDTshort	+0.0100%	4h	0.0004651	−0.004%	$1.2M	$2.8M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004649	−0.043%	$1.5M	$1.1M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004645	−0.129%	$523K	$719K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004645	−0.129%	$122K	$94K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004651	0.000%	$393K	$173K	125x	as long as short
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004651	long leg	$338K	$116K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004651	0.000%	$490K	$371K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004652	+0.022%	—	$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	0.0004660	+0.187%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0809%	1h	0.0004684	+0.712%	$92K	$106K	10x	as long as short