Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.022%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$786as in the Funding arb table

Net, price: spread back to 7d avg − costs−$784as in the Price arb table

costs, in and out, $10k−$7927.917% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.022%, 7d avg −0.098%

Together, before fees−0.065%−$6 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: Gate is 0.076% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004627	0.0100	pay 0.0050% / 4h	2h 25m	$323K	$131K	30x
Short	Gate MEW_USDT	0.0004626	0.0100	get 0.0050% / 4h	2h 25m	$134K	$140K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.098%: $7.59
Slippage, 4 orders: −$764.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$784.07
Costs to cover: 7.917%
Break-even: never at this rate

Slippage from KuCoin: live order book, 32 min ago; Gate: live order book, 15 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, 32 min ago	15.86 bp	311.1 bp −$311	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 15 min ago	7.54 bp	136.2 bp −$136	doesn't fit	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	0.0004620	−0.151%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−8.818%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004635	+0.182%	$1.3M	$3.5M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004639	+0.259%	$1.4M	$1.5M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004642	+0.324%	$535K	$881K	20x	as long as short
Gate MEW_USDTshort	+0.0100%	4h	0.0004626	−0.022%	$134K	$140K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004631	+0.086%	$363K	$184K	125x	as long as short
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004627	long leg	$323K	$131K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004634	+0.151%	$484K	$528K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004633	+0.130%	—	$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	0.0004624	−0.060%	$82K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0425%	1h	0.0004630	+0.063%	$88K	$127K	10x	as long as short