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 BingX−0.085%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$551as in the Funding arb table

Net, price: spread back to 7d avg − costs−$553as in the Price arb table

costs, in and out, $10k−$5455.454% of the position

Long on BingX 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)+0.097%+$10 · spread now −0.085%, 7d avg −0.011%

Together, before fees+0.044%+$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: KuCoin is 0.074% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MEW-USDT	0.0004725	0.0100	pay 0.0050% / 4h	2h 48m	—	$6.7M	—
Short	KuCoin MEWUSDTM	0.0004721	0.0100	get 0.0050% / 4h	2h 48m	$328K	$127K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.011%: −$7.39
Slippage, 4 orders: −$523.42
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$552.82
Costs to cover: 5.454%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 9 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 BingX live order book, 9 min ago	5.28 bp	18.1 bp −$18	59.5 bp −$595	715.1 bp −$71.5K	1092.9 bp −$546.5K
Sell KuCoin live order book, 9 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	0.0004720	−0.106%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.709%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004732	+0.148%	$1.3M	$3.4M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004727	+0.042%	$1.5M	$1.4M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004721	−0.085%	$544K	$874K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004723	−0.042%	$141K	$135K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004727	+0.042%	$379K	$177K	125x	as long as short
KuCoin MEWUSDTMshort	+0.0100%	4h	0.0004721	−0.085%	$328K	$127K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004727	+0.042%	$498K	$519K	50x	as long as short
BingX MEW-USDTlong	+0.0100%	4h	0.0004725	long leg	—	$6.7M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004724	−0.017%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0416%	1h	0.0004734	+0.193%	$90K	$127K	10x	as long as short