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: BingX against MEXC+0.064%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on MEXC Short on BingX

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)−0.045%−$5 · spread now +0.064%, 7d avg −0.041%

Together, before fees−0.045%−$5 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: BingX is 0.105% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEW_USDT	0.0004720	0.0100	pay 0.0050% / 4h	2h 47m	$378K	$177K	125x
Short	BingX MEW-USDT	0.0004723	0.0100	get 0.0050% / 4h	2h 47m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.041%: $10.46
Slippage, 4 orders: −$45.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$49.01
Costs to cover: 0.595%
Break-even: never at this rate

Slippage from MEXC: live order book, 48 min ago; BingX: live order book, 10 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 MEXC live order book, 48 min ago	1.03 bp	10.0 bp −$10	46.1 bp −$461	197.2 bp −$19.7K	doesn't fit
Sell BingX live order book, 10 min ago	5.28 bp	19.3 bp −$19	65.5 bp −$655	533.6 bp −$53.4K	898.9 bp −$449.5K

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	0.0004720	0.000%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.614%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004724	+0.078%	$1.3M	$3.4M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004722	+0.042%	$1.5M	$1.4M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004714	−0.127%	$543K	$872K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004721	+0.021%	$141K	$135K	50x	as long as short
MEXC MEW_USDTlong	+0.0100%	4h	0.0004720	long leg	$378K	$177K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004721	+0.021%	$328K	$127K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004724	+0.085%	$498K	$519K	50x	as long as short
BingX MEW-USDTshort	+0.0100%	4h	0.0004723	+0.064%	—	$6.7M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004724	+0.088%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0417%	1h	0.0004723	+0.073%	$90K	$127K	10x	as long as short