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: Bitget against Bybit+0.086%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1051.051% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.086%, 7d avg +0.097%
Together, before fees+0.052%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MEWUSDT0.00046700.0100pay 0.0050% / 4h2h 05m$1.5M$970K25x
ShortBitget MEWUSDT0.00046740.0100get 0.0050% / 4h2h 05m$477K$348K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.086% → +0.097%
−$1.17
Slippage, 4 orders
−$82.05
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$106.22
Costs to cover
1.051%
Break-even
never at this rate
Slippage from Bybit: live order book, 10 min ago; Bitget: live order book, 10 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 Bybit live order book, 10 min ago6.41 bp28.2 bp −$2870.3 bp −$703doesn't fitdoesn't fit
Sell Bitget live order book, 10 min ago8.55 bp19.1 bp −$1966.4 bp −$664doesn'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%1h0.0004660−0.214%100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−9.657%$46$14K5.5xas long as short
Binance MEWUSDT+0.0100%4h0.00046700.000%$1.1M$2.6M50xas long as short
Bybit MEWUSDTlong+0.0100%4h0.0004670long leg$1.5M$970K25x
OKX MEW-USDT-SWAP+0.0100%4h0.0004663−0.150%$524K$653K20xas long as short
Gate MEW_USDT+0.0100%4h0.0004665−0.107%$124K$75K50xas long as short
MEXC MEW_USDT+0.0100%4h0.00046700.000%$386K$172K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.0004672+0.043%$353K$112K30xas long as short
Bitget MEWUSDTshort+0.0100%4h0.0004674+0.086%$477K$348K50x
BingX MEW-USDT+0.0100%4h0.00046700.000%$22.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEW+0.0100%4h0.0004665−0.110%$82K$32Kas long as short
Kraken Futures PF_MEWUSD+0.0560%1h0.0004671+0.024%$92K$132K10xas long as short