Settings8H · net · $10k
Funding arb · Price arb /

MEW

all MEW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget+0.013%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$980.976% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.125%−$13 · spread now +0.013%, 7d avg −0.019%
Together, before fees−0.115%−$12 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: Binance is 0.032% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEWUSDT0.00046780.0100pay 0.0050% / 4h2h 08m$477K$348K50x
ShortBinance MEWUSDT0.00046790.0100get 0.0050% / 4h2h 08m$1.1M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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

Funding earned
$0
Price spread: +0.013% → −0.019%
$3.23
Slippage, 4 orders
−$75.59
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$94.36
Costs to cover
0.976%
Break-even
never at this rate
Slippage from Bitget: live order book, 7 min ago; Binance: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 7 min ago8.55 bp28.8 bp −$29253.9 bp −$2,539doesn't fitdoesn't fit
Sell Binance live order book, 11 min ago1.07 bp23.8 bp −$2484.7 bp −$847doesn't fitdoesn't fit

MEW on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MEW/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0004670−0.171%100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−9.812%$46$14K5.5xas long as short
Binance MEWUSDTshort+0.0100%4h0.0004679+0.013%$1.1M$2.6M50x
Bybit MEWUSDT+0.0100%4h0.0004676−0.043%$1.5M$970K25xas long as short
OKX MEW-USDT-SWAP+0.0100%4h0.0004674−0.086%$525K$655K20xas long as short
Gate MEW_USDT+0.0100%4h0.0004671−0.150%$124K$75K50xas long as short
MEXC MEW_USDT+0.0100%4h0.00046780.000%$387K$172K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.0004675−0.064%$353K$112K30xas long as short
Bitget MEWUSDTlong+0.0100%4h0.0004678long leg$477K$348K50x
BingX MEW-USDT+0.0100%4h0.0004677−0.021%$22.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEW+0.0100%4h0.0004665−0.280%$82K$32Kas long as short
Kraken Futures PF_MEWUSD+0.0559%1h0.0004677−0.026%$92K$132K10xas long as short