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: OKX against Bitget−0.127%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1611.611% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.127%, 7d avg −0.081%

Together, before fees−0.025%−$3 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: OKX is 0.046% 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 −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEWUSDT	0.0004719	0.0100	pay 0.0050% / 4h	1h 50m	$486K	$534K	50x
Short	OKX MEW-USDT-SWAP	0.0004713	0.0100	get 0.0050% / 4h	1h 50m	$541K	$903K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.081%: −$4.63
Slippage, 4 orders: −$139.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$165.76
Costs to cover: 1.611%
Break-even: never at this rate

Slippage from Bitget: live order book, 51 min ago; OKX: live order book, 56 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, 51 min ago	8.61 bp	34.3 bp −$34	433.5 bp −$4,335	doesn't fit	doesn't fit
Sell OKX live order book, 56 min ago	3.18 bp	36.7 bp −$37	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	0.0004710	−0.191%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.595%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004719	+0.004%	$1.3M	$3.5M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004713	−0.127%	$1.5M	$1.5M	25x	as long as short
OKX MEW-USDT-SWAPshort	+0.0100%	4h	0.0004713	−0.127%	$541K	$903K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004707	−0.254%	$138K	$140K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004714	−0.106%	$366K	$184K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004712	−0.148%	$328K	$132K	30x	as long as short
Bitget MEWUSDTlong	+0.0100%	4h	0.0004719	long leg	$486K	$534K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004712	−0.148%	—	$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	0.0004698	−0.440%	$83K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0794%	1h	0.0004723	+0.089%	$91K	$133K	10x	as long as short