Funding arb · Price arb /

MEW

all MEW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.043%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$860.855% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.043%, 7d avg +0.013%

Together, before fees−0.053%−$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: Bitget is 0.030% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEW_USDT	0.0004645	0.0100	pay 0.0050% / 4h	1h 06m	$383K	$177K	125x
Short	Bitget MEWUSDT	0.0004647	0.0100	get 0.0050% / 4h	1h 06m	$496K	$369K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.013%: $3.04
Slippage, 4 orders: −$69.53
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$82.49
Costs to cover: 0.855%
Break-even: never at this rate

Slippage from MEXC: live order book, 39 min ago; Bitget: live order book, 49 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 MEXC live order book, 39 min ago	1.08 bp	9.6 bp −$10	44.7 bp −$447	197.8 bp −$19.8K	doesn't fit
Sell Bitget live order book, 49 min ago	9.67 bp	27.2 bp −$27	95.3 bp −$953	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	0.0004640	−0.108%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.171%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004646	+0.030%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004642	−0.065%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004637	−0.172%	$523K	$762K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004642	−0.065%	$135K	$121K	50x	as long as short
MEXC MEW_USDTlong	+0.0100%	4h	0.0004645	long leg	$383K	$177K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004649	+0.086%	$345K	$118K	30x	as long as short
Bitget MEWUSDTshort	+0.0100%	4h	0.0004647	+0.043%	$496K	$369K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004642	−0.065%	—	$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	0.0004651	+0.120%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1046%	1h	0.0004652	+0.141%	$92K	$109K	10x	as long as short