Spread before costs (cost unknown: a leg has no order-book sample)−0.119%
7d average—if it closes, per $10,000$12funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEWUSDT | 0.0004625 | 0.0100 | pay 0.0050% / 4h | 2h 57m | $1.1M | $2.4M | 50x |
| Short | GMX MEW/USD [WBTC.b-USDC] | 0.0004620 | L 0.0000% / S 0.0000% | get 0.0000% / 1h | 57m 26s | — | — | 100x |
Binance MEWUSDT
GMX MEW/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$11.89
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$36.89
- Spread needed to break even
- 0.220%
Slippage unknown: Binance: live order book, 9 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- Average in range /8h
- —
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, 9 min ago | 3.23 bp | 23.0 bp −$23 | 126.2 bp −$1,262 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MEW price on every exchange
against the cheapest. Click to use as the short leg.Injective0.0004219cheapest
InjectiveGMX0.0004620+9.505%
Gate0.0004621+9.528%OKX0.0004622+9.552%Bybit0.0004623+9.576%BingX0.0004624+9.599%
Gate
OKX
Bybit
BingXBinance0.0004625+9.635%
Variational Omni0.0004626+9.644%MEXC0.0004626+9.647%KuCoin0.0004626+9.647%Bitget0.0004629+9.718%Kraken Futures0.0004636+9.876%
Variational Omni
MEXC
KuCoin
Bitget
Kraken FuturesMEW on 12 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MEW/USDC PERP | −8.788% | +0.0033% | 1h | $46 | $26K | 5.5x | as long as short |
| GMX MEW/USD [WBTC.b-USDC]short | −0.119% | L 0.0000% / S 0.0000% | 1h | — | — | 100x | |
| Gate MEW_USDT | −0.097% | +0.0100% | 4h | $120K | $70K | 50x | as long as short |
| OKX MEW-USDT-SWAP | −0.076% | +0.0042% | 4h | $515K | $624K | 20x | as long as short |
| Bybit MEWUSDT | −0.054% | +0.0100% | 4h | $1.4M | $844K | 25x | as long as short |
| BingX MEW-USDT | −0.032% | +0.0100% | 4h | — | $22.2M | — | as long as short |
| Binance MEWUSDTlong | 0.000% | +0.0100% | 4h | $1.1M | $2.4M | 50x | |
| Variational Omni MEW | +0.008% | +0.0100% | 4h | $51K | $130 | — | as long as short |
| MEXC MEW_USDT | +0.011% | +0.0100% | 4h | $375K | $168K | 125x | as long as short |
| KuCoin MEWUSDTM | +0.011% | +0.0100% | 4h | $368K | $102K | 30x | as long as short |
Show all 12 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget MEWUSDT | +0.076% | +0.0100% | 4h | $482K | $334K | 50x | as long as short |
| Kraken Futures PF_MEWUSD | +0.220% | −0.0176% | 1h | $94K | $131K | 10x | as long as short |