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 KuCoin+0.128%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$440as in the Funding arb table

Net, price: spread back to 7d avg − costs−$439as in the Price arb table

costs, in and out, $10k−$4474.469% of the position

Long on KuCoin Short on MEXC

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)−0.103%−$10 · spread now +0.128%, 7d avg +0.050%

Together, before fees−0.038%−$4 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 0.078% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004702	0.0100	pay 0.0050% / 4h	10m 56s	$330K	$122K	30x
Short	MEXC MEW_USDT	0.0004708	0.0100	get 0.0050% / 4h	10m 56s	$391K	$176K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → +0.050%: $7.77
Slippage, 4 orders: −$430.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$439.14
Costs to cover: 4.469%
Break-even: never at this rate

Slippage from KuCoin: live order book, 71 min ago; MEXC: live order book, 30 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, 71 min ago	17.11 bp	206.5 bp −$207	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 30 min ago	1.08 bp	11.7 bp −$12	47.1 bp −$471	170.5 bp −$17.1K	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	0.0004710	+0.170%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.272%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004707	+0.106%	$1.2M	$3.0M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004705	+0.064%	$1.4M	$1.3M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004709	+0.149%	$533K	$799K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004700	−0.043%	$137K	$121K	50x	as long as short
MEXC MEW_USDTshort	+0.0100%	4h	0.0004708	+0.128%	$391K	$176K	125x
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004702	long leg	$330K	$122K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004709	+0.149%	$492K	$376K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004702	0.000%	—	$4.2M	—	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	0.0004709	+0.152%	$83K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0948%	1h	0.0004718	+0.331%	$90K	$114K	10x	as long as short