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: KuCoin against OKX+0.169%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$569as in the Funding arb table

Net, price: spread back to 7d avg − costs−$554as in the Price arb table

costs, in and out, $10k−$5695.689% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.169%, 7d avg +0.021%

Together, before fees−0.079%−$8 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: KuCoin is 0.148% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEW-USDT-SWAP	0.0004731	0.0100	pay 0.0050% / 4h	5m 48s	$551K	$941K	20x
Short	KuCoin MEWUSDTM	0.0004739	0.0100	get 0.0050% / 4h	5m 48s	$334K	$118K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.021%: $14.8
Slippage, 4 orders: −$546.87
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$554.06
Costs to cover: 5.689%
Break-even: never at this rate

Slippage from OKX: live order book, 30 min ago; KuCoin: live order book, 27 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 OKX live order book, 30 min ago	3.16 bp	35.8 bp −$36	11780.1 bp −$117.8K	194722.0 bp −$19.47M	doesn't fit
Sell KuCoin live order book, 27 min ago	23.08 bp	215.7 bp −$216	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	0.0004730	−0.021%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.822%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004736	+0.106%	$1.3M	$3.7M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004732	+0.021%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAPlong	+0.0100%	4h	0.0004731	long leg	$551K	$941K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004725	−0.127%	$137K	$148K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004736	+0.106%	$379K	$183K	125x	as long as short
KuCoin MEWUSDTMshort	+0.0100%	4h	0.0004739	+0.169%	$334K	$118K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004733	+0.042%	$489K	$551K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004731	0.000%	—	$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	0.0004732	+0.029%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0748%	1h	0.0004742	+0.238%	$96K	$141K	10x	as long as short