Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin−0.043%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$413as in the Funding arb table

Net, price: spread back to 7d avg − costs−$426as in the Price arb table

costs, in and out, $10k−$4164.157% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.043%, 7d avg +0.057%

Together, before fees+0.078%+$8 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: Bitget is 0.099% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004705	0.0100	pay 0.0050% / 4h	46m 05s	$371K	$116K	30x
Short	Bitget MEWUSDT	0.0004703	0.0100	get 0.0050% / 4h	46m 05s	$477K	$576K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.057%: −$9.91
Slippage, 4 orders: −$391.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$425.62
Costs to cover: 4.157%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; Bitget: live order book, 57 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, 48 min ago	11.73 bp	133.3 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 57 min ago	9.49 bp	25.9 bp −$26	85.0 bp −$850	doesn't fit	doesn't fit

MEW on 12 exchanges

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	0.0004700	−0.106%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.329%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004704	−0.032%	$1.3M	$3.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004700	−0.106%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004696	−0.191%	$558K	$1.0M	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004699	−0.128%	$134K	$115K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004703	−0.043%	$377K	$179K	125x	as long as short
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004705	long leg	$371K	$116K	30x
Bitget MEWUSDTshort	+0.0100%	4h	0.0004703	−0.043%	$477K	$576K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004699	−0.128%	—	$9.3M	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004689	−0.335%	$82K	$38K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1040%	1h	0.0004704	−0.030%	$99K	$133K	10x	as long as short