Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.152%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Binance Short on MEXC

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)+0.162%+$16 · spread now −0.152%, 7d avg +0.003%

Together, before fees+0.162%+$16 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: MEXC is 0.155% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEWUSDT	0.0004666	0.0100	pay 0.0050% / 4h	3h 49m	$1.2M	$2.8M	50x
Short	MEXC MEW_USDT	0.0004659	0.0100	get 0.0050% / 4h	3h 49m	$386K	$172K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.152%Rate

Funding earned: $0
Price spread: −0.152% → +0.003%: −$15.53
Slippage, 4 orders: −$53.13
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$82.66
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; MEXC: live order book, 6 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, 16 min ago	2.14 bp	23.5 bp −$23	129.8 bp −$1,298	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	1.07 bp	14.5 bp −$14	57.0 bp −$570	198.0 bp −$19.8K	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	0.0004650	−0.345%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.582%	$46	$14K	5.5x	as long as short
Binance MEWUSDTlong	+0.0100%	4h	0.0004666	long leg	$1.2M	$2.8M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004666	−0.002%	$1.5M	$1.0M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004665	−0.024%	$522K	$694K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004653	−0.281%	$122K	$78K	50x	as long as short
MEXC MEW_USDTshort	+0.0100%	4h	0.0004659	−0.152%	$386K	$172K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004659	−0.152%	$339K	$115K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004659	−0.152%	$493K	$365K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004657	−0.195%	—	$24.2M	—	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	0.0004658	−0.168%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0689%	1h	0.0004671	+0.112%	$91K	$127K	10x	as long as short