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: Binance against KuCoin−0.147%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$402as in the Funding arb table

Net, price: spread back to 7d avg − costs−$427as in the Price arb table

costs, in and out, $10k−$4074.074% of the position

Long on KuCoin Short on Binance

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)+0.084%+$8 · spread now −0.147%, 7d avg +0.049%

Together, before fees+0.136%+$14 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: Binance is 0.196% cheaper against KuCoin than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004760	0.0100	pay 0.0050% / 4h	57m 39s	$332K	$117K	30x
Short	Binance MEWUSDT	0.0004753	0.0100	get 0.0050% / 4h	57m 39s	$1.3M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → +0.049%: −$19.62
Slippage, 4 orders: −$385.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$427.07
Costs to cover: 4.074%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 min ago; Binance: live order book, 8 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 KuCoin live order book, 45 min ago	14.84 bp	174.3 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.05 bp	21.9 bp −$22	85.0 bp −$850	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	−0.420%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.366%	$46	$14K	5.5x	as long as short
Binance MEWUSDTshort	+0.0100%	4h	0.0004753	−0.147%	$1.3M	$3.6M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004749	−0.231%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004748	−0.252%	$546K	$917K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004745	−0.315%	$138K	$144K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004755	−0.105%	$376K	$177K	125x	as long as short
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004760	long leg	$332K	$117K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004755	−0.105%	$485K	$540K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004747	−0.273%	—	$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	0.0004766	+0.130%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0742%	1h	0.0004778	+0.383%	$93K	$133K	10x	as long as short