Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against KuCoin+0.086%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$559as in the Funding arb table

Net, price: spread back to 7d avg − costs−$562as in the Price arb table

costs, in and out, $10k−$5665.658% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.086%, 7d avg +0.049%

Together, before fees−0.045%−$4 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 0.037% dearer against KuCoin than usual: you sell high and buy low, +$4 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	0.0004663	0.0100	pay 0.0050% / 4h	12m 39s	$341K	$114K	30x
Short	MEXC MEW_USDT	0.0004667	0.0100	get 0.0050% / 4h	12m 39s	$386K	$174K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.049%: $3.66
Slippage, 4 orders: −$549.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$562.14
Costs to cover: 5.658%
Break-even: never at this rate

Slippage from KuCoin: live order book, 49 min ago; MEXC: live order book, 48 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, 49 min ago	8.54 bp	187.2 bp −$187	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 48 min ago	1.07 bp	11.0 bp −$11	59.0 bp −$590	179.4 bp −$17.9K	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	0.0004660	−0.064%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.522%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004668	+0.107%	$1.1M	$2.7M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004661	−0.043%	$1.5M	$1.0M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004665	+0.043%	$521K	$688K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004657	−0.129%	$123K	$77K	50x	as long as short
MEXC MEW_USDTshort	+0.0100%	4h	0.0004667	+0.086%	$386K	$174K	125x
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004663	long leg	$341K	$114K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004661	−0.043%	$486K	$360K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004663	0.000%	—	$24.2M	—	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	0.0004659	−0.090%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.2273%	1h	0.0004668	+0.108%	$92K	$129K	10x	as long as short