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 KuCoin−0.021%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$398as in the Funding arb table

Net, price: spread back to 7d avg − costs−$407as in the Price arb table

costs, in and out, $10k−$4034.034% of the position

Long on KuCoin Short on BingX

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)+0.002%$0 · spread now −0.021%, 7d avg +0.011%

Together, before fees+0.054%+$5 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 0.032% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004715	0.0100	pay 0.0050% / 4h	1h 42m	$328K	$132K	30x
Short	BingX MEW-USDT	0.0004714	0.0100	get 0.0050% / 4h	1h 42m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.011%: −$3.18
Slippage, 4 orders: −$381.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$406.57
Costs to cover: 4.034%
Break-even: never at this rate

Slippage from KuCoin: live order book, just now; BingX: live order book, 10 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, just now	14.84 bp	174.3 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	6.39 bp	17.7 bp −$18	55.3 bp −$553	674.7 bp −$67.5K	1036.9 bp −$518.5K

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	0.0004710	−0.106%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.520%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004719	+0.087%	$1.3M	$3.5M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004714	−0.021%	$1.5M	$1.5M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004712	−0.064%	$542K	$906K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004710	−0.106%	$138K	$142K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004718	+0.064%	$365K	$185K	125x	as long as short
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004715	long leg	$328K	$132K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004717	+0.042%	$481K	$540K	50x	as long as short
BingX MEW-USDTshort	+0.0100%	4h	0.0004714	−0.021%	—	$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	0.0004699	−0.346%	$83K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0794%	1h	0.0004724	+0.192%	$92K	$134K	10x	as long as short