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: MEXC against Gate+0.127%7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$287as in the Funding arb table

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2872.870% of the position

Long on Gate Short on MEXC

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)−0.030%−$3 · spread now +0.127%, 7d avg +0.148%

Together, before fees−0.030%−$3 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: MEXC is 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEW_USDT	0.0004735	0.0100	pay 0.0050% / 4h	51m 56s	$138K	$144K	50x
Short	MEXC MEW_USDT	0.0004741	0.0100	get 0.0050% / 4h	51m 56s	$375K	$179K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.148%: −$2.12
Slippage, 4 orders: −$268
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$289.12
Costs to cover: 2.870%
Break-even: never at this rate

Slippage from Gate: live order book, 44 min ago; MEXC: live order book, 33 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, 44 min ago	7.43 bp	139.0 bp −$139	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 33 min ago	1.05 bp	10.1 bp −$10	51.1 bp −$511	185.3 bp −$18.5K	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	0.0004730	−0.106%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.898%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004742	+0.148%	$1.3M	$3.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004740	+0.106%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004740	+0.106%	$548K	$921K	20x	as long as short
Gate MEW_USDTlong	+0.0100%	4h	0.0004735	long leg	$138K	$144K	50x
MEXC MEW_USDTshort	+0.0100%	4h	0.0004741	+0.127%	$375K	$179K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004747	+0.253%	$331K	$116K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004742	+0.148%	$484K	$543K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004742	+0.148%	—	$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	0.0004735	+0.003%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0746%	1h	0.0004753	+0.387%	$92K	$133K	10x	as long as short