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 Binance−0.181%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$557as in the Funding arb table

Net, price: spread back to 7d avg − costs−$565as in the Price arb table

costs, in and out, $10k−$5525.519% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.181%, 7d avg −0.049%

Together, before fees+0.188%+$19 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 0.132% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEWUSDT	0.0004635	0.0100	pay 0.0050% / 4h	2h 25m	$1.3M	$3.5M	50x
Short	KuCoin MEWUSDTM	0.0004627	0.0100	get 0.0050% / 4h	2h 25m	$323K	$131K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.181%Rate

Funding earned: $0
Price spread: −0.181% → −0.049%: −$13.22
Slippage, 4 orders: −$529.85
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$565.08
Costs to cover: 5.519%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; KuCoin: live order book, 32 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, 10 min ago	2.14 bp	19.7 bp −$20	191.2 bp −$1,912	doesn't fit	doesn't fit
Sell KuCoin live order book, 32 min ago	15.86 bp	196.9 bp −$197	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	0.0004620	−0.332%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−8.983%	$46	$14K	5.5x	as long as short
Binance MEWUSDTlong	+0.0100%	4h	0.0004635	long leg	$1.3M	$3.5M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004639	+0.078%	$1.4M	$1.5M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004642	+0.142%	$535K	$881K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004626	−0.203%	$134K	$140K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004631	−0.095%	$363K	$184K	125x	as long as short
KuCoin MEWUSDTMshort	+0.0100%	4h	0.0004627	−0.181%	$323K	$131K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004634	−0.030%	$484K	$528K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004633	−0.052%	—	$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	0.0004624	−0.241%	$82K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0425%	1h	0.0004630	−0.119%	$88K	$127K	10x	as long as short