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: OKX against KuCoin0.000%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$406as in the Funding arb table

Net, price: spread back to 7d avg − costs−$403as in the Price arb table

costs, in and out, $10k−$4054.053% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now 0.000%, 7d avg −0.024%

Together, before fees−0.096%−$10 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: OKX is 0.024% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEWUSDTM	0.0004751	0.0100	pay 0.0050% / 4h	2h 40m	$378K	$123K	30x
Short	OKX MEW-USDT-SWAP	0.0004751	0.0100	get 0.0050% / 4h	2h 40m	$561K	$966K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.024%: $2.45
Slippage, 4 orders: −$383.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$402.84
Costs to cover: 4.053%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; OKX: live order book, 9 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, 4 min ago	19.98 bp	153.6 bp −$154	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 9 min ago	4.22 bp	31.7 bp −$32	doesn't fit	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	0.0004750	−0.021%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.198%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004758	+0.147%	$1.3M	$3.7M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004755	+0.084%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAPshort	+0.0100%	4h	0.0004751	0.000%	$561K	$966K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004750	−0.021%	$137K	$139K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004759	+0.168%	$359K	$179K	125x	as long as short
KuCoin MEWUSDTMlong	+0.0100%	4h	0.0004751	long leg	$378K	$123K	30x
Bitget MEWUSDT	+0.0100%	4h	0.0004751	0.000%	$484K	$559K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004751	0.000%	—	$7.2M	—	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	0.0004750	−0.021%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.2271%	1h	0.0004764	+0.271%	$101K	$148K	10x	as long as short