Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.063%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on Bitget Short on MEXC

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)+0.027%+$3 · spread now −0.063%, 7d avg −0.013%

Together, before fees+0.037%+$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: MEXC is 0.050% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004750	0.0100	pay 0.0050% / 4h	1h 51m	$483K	$557K	50x
Short	MEXC MEW_USDT	0.0004747	0.0100	get 0.0050% / 4h	1h 51m	$354K	$176K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.013%: −$5.01
Slippage, 4 orders: −$74.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$95.38
Costs to cover: 0.904%
Break-even: never at this rate

Slippage from Bitget: live order book, 56 min ago; MEXC: live order book, 54 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 Bitget live order book, 56 min ago	6.32 bp	24.8 bp −$25	332.5 bp −$3,325	doesn't fit	doesn't fit
Sell MEXC live order book, 54 min ago	1.05 bp	11.8 bp −$12	65.9 bp −$659	206.0 bp −$20.6K	doesn't fit

MEW on 12 exchanges

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	0.0004740	−0.211%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.179%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004751	+0.019%	$1.3M	$3.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004748	−0.042%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004748	−0.042%	$565K	$973K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004739	−0.232%	$137K	$113K	50x	as long as short
MEXC MEW_USDTshort	+0.0100%	4h	0.0004747	−0.063%	$354K	$176K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004745	−0.105%	$375K	$120K	30x	as long as short
Bitget MEWUSDTlong	+0.0100%	4h	0.0004750	long leg	$483K	$557K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004746	−0.084%	—	$9.5M	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004742	−0.162%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0889%	1h	0.0004761	+0.231%	$101K	$135K	10x	as long as short