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: BingX against Gate+0.148%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$292as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2922.920% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.148%, 7d avg +0.107%

Together, before fees−0.035%−$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: BingX is 0.040% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEW_USDT	0.0004738	0.0100	pay 0.0050% / 4h	21m 28s	$138K	$147K	50x
Short	BingX MEW-USDT	0.0004745	0.0100	get 0.0050% / 4h	21m 28s	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.148%Rate

Funding earned: $0
Price spread: +0.148% → +0.107%: $4.04
Slippage, 4 orders: −$266.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$287.94
Costs to cover: 2.920%
Break-even: never at this rate

Slippage from Gate: live order book, 9 min ago; BingX: live order book, 6 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 Gate live order book, 9 min ago	9.48 bp	86.1 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	6.30 bp	19.4 bp −$19	58.1 bp −$581	663.0 bp −$66.3K	1004.5 bp −$502.2K

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	0.0004740	+0.042%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.954%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004748	+0.211%	$1.3M	$3.7M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004746	+0.169%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004743	+0.106%	$550K	$940K	20x	as long as short
Gate MEW_USDTlong	+0.0100%	4h	0.0004738	long leg	$138K	$147K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004748	+0.211%	$382K	$182K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004753	+0.317%	$335K	$118K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004749	+0.232%	$490K	$551K	50x	as long as short
BingX MEW-USDTshort	+0.0100%	4h	0.0004745	+0.148%	—	$6.7M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004746	+0.161%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0746%	1h	0.0004756	+0.388%	$97K	$140K	10x	as long as short