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 Binance−0.042%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$307as in the Funding arb table

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$3073.069% of the position

Long on Binance Short on Gate

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)−0.040%−$4 · spread now −0.042%, 7d avg −0.146%

Together, before fees−0.040%−$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: Gate is 0.104% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEWUSDT	0.0004762	0.0100	pay 0.0050% / 4h	1h 04m	$1.3M	$3.6M	50x
Short	Gate MEW_USDT	0.0004760	0.0100	get 0.0050% / 4h	1h 04m	$139K	$144K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.146%: $10.42
Slippage, 4 orders: −$281.92
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$296.51
Costs to cover: 3.069%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Gate: live order book, 31 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 Binance live order book, 2 min ago	1.05 bp	21.7 bp −$22	159.5 bp −$1,595	doesn't fit	doesn't fit
Sell Gate live order book, 31 min ago	7.43 bp	124.3 bp −$124	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	0.0004750	−0.252%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.403%	$46	$14K	5.5x	as long as short
Binance MEWUSDTlong	+0.0100%	4h	0.0004762	long leg	$1.3M	$3.6M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004759	−0.063%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004758	−0.084%	$547K	$914K	20x	as long as short
Gate MEW_USDTshort	+0.0100%	4h	0.0004760	−0.042%	$139K	$144K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004763	+0.021%	$377K	$188K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004769	+0.147%	$334K	$117K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004763	+0.021%	$486K	$537K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004762	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	0.0004766	+0.077%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0787%	1h	0.0004766	+0.088%	$93K	$133K	10x	as long as short