Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

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: BingX against Bybit−0.021%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$910.910% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.021%, 7d avg +0.052%

Together, before fees+0.015%+$2 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: BingX is 0.073% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEWUSDT	0.0004670	0.0100	pay 0.0050% / 4h	1h 06m	$1.5M	$1.0M	25x
Short	BingX MEW-USDT	0.0004669	0.0100	get 0.0050% / 4h	1h 06m	—	$24.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.052%: −$7.31
Slippage, 4 orders: −$69.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$98.3
Costs to cover: 0.910%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 12 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 Bybit live order book, 4 min ago	5.36 bp	26.2 bp −$26	70.7 bp −$707	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	6.42 bp	20.5 bp −$21	62.6 bp −$626	685.7 bp −$68.6K	1043.6 bp −$521.8K

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	0.0004660	−0.214%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.657%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004675	+0.099%	$1.1M	$2.6M	50x	as long as short
Bybit MEWUSDTlong	+0.0100%	4h	0.0004670	long leg	$1.5M	$1.0M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004665	−0.107%	$524K	$662K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004660	−0.214%	$124K	$75K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004674	+0.086%	$386K	$173K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004671	+0.021%	$352K	$111K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004669	−0.021%	$486K	$353K	50x	as long as short
BingX MEW-USDTshort	+0.0100%	4h	0.0004669	−0.021%	—	$24.2M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004662	−0.163%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0437%	1h	0.0004682	+0.256%	$93K	$130K	10x	as long as short