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: KuCoin against Gate+0.211%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$632as in the Funding arb table

Net, price: spread back to 7d avg − costs−$616as in the Price arb table

costs, in and out, $10k−$6276.271% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.211%, 7d avg +0.097%

Together, before fees−0.118%−$12 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: KuCoin is 0.114% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEW_USDT	0.0004748	0.0100	pay 0.0050% / 4h	1h 15m	$139K	$143K	50x
Short	KuCoin MEWUSDTM	0.0004758	0.0100	get 0.0050% / 4h	1h 15m	$330K	$118K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.211%Rate

Funding earned: $0
Price spread: +0.211% → +0.097%: $11.37
Slippage, 4 orders: −$600.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$615.71
Costs to cover: 6.271%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; KuCoin: live order book, 27 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, 20 min ago	7.43 bp	139.0 bp −$139	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 27 min ago	14.84 bp	189.5 bp −$190	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	0.0004740	−0.168%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.142%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004753	+0.112%	$1.3M	$3.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004746	−0.042%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004744	−0.084%	$546K	$913K	20x	as long as short
Gate MEW_USDTlong	+0.0100%	4h	0.0004748	long leg	$139K	$143K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004755	+0.147%	$376K	$187K	125x	as long as short
KuCoin MEWUSDTMshort	+0.0100%	4h	0.0004758	+0.211%	$330K	$118K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004752	+0.084%	$485K	$539K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004752	+0.084%	—	$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	0.0004747	−0.028%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0789%	1h	0.0004751	+0.067%	$92K	$133K	10x	as long as short