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: Bybit against Gate+0.150%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2712.709% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.150%, 7d avg +0.071%

Together, before fees−0.056%−$6 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: Bybit is 0.079% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEW_USDT	0.0004662	0.0100	pay 0.0050% / 4h	1h 25m	$124K	$75K	50x
Short	Bybit MEWUSDT	0.0004669	0.0100	get 0.0050% / 4h	1h 25m	$1.5M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.071%: $7.87
Slippage, 4 orders: −$244.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$263.03
Costs to cover: 2.709%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; Bybit: live order book, 5 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, 49 min ago	6.43 bp	152.9 bp −$153	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.30 bp	25.3 bp −$25	125.8 bp −$1,258	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	0.0004660	−0.043%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.502%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004669	+0.144%	$1.1M	$2.6M	50x	as long as short
Bybit MEWUSDTshort	+0.0100%	4h	0.0004669	+0.150%	$1.5M	$1.0M	25x
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004663	+0.021%	$524K	$664K	20x	as long as short
Gate MEW_USDTlong	+0.0100%	4h	0.0004662	long leg	$124K	$75K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004669	+0.150%	$386K	$171K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004672	+0.215%	$353K	$111K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004671	+0.193%	$487K	$353K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004664	+0.043%	—	$24.2M	—	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	0.0004652	−0.206%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0437%	1h	0.0004682	+0.431%	$93K	$130K	10x	as long as short