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: Gate against MEXC0.000%7-day average −0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$3093.087% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now 0.000%, 7d avg −0.149%

Together, before fees−0.092%−$9 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: Gate is 0.149% dearer against MEXC than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEW_USDT	0.0004708	0.0100	pay 0.0050% / 4h	1h 45m	$364K	$184K	125x
Short	Gate MEW_USDT	0.0004708	0.0100	get 0.0050% / 4h	1h 45m	$138K	$141K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.149%: $14.86
Slippage, 4 orders: −$289.66
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$293.8
Costs to cover: 3.087%
Break-even: never at this rate

Slippage from MEXC: live order book, 45 min ago; Gate: live order book, 55 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, 45 min ago	1.08 bp	9.5 bp −$10	43.8 bp −$438	189.3 bp −$18.9K	doesn't fit
Sell Gate live order book, 55 min ago	7.54 bp	136.2 bp −$136	doesn't fit	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	0.0004720	+0.255%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.387%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004719	+0.229%	$1.3M	$3.5M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004712	+0.085%	$1.5M	$1.5M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004715	+0.149%	$541K	$906K	20x	as long as short
Gate MEW_USDTshort	+0.0100%	4h	0.0004708	0.000%	$138K	$141K	50x
MEXC MEW_USDTlong	+0.0100%	4h	0.0004708	long leg	$364K	$184K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004705	−0.064%	$327K	$132K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004719	+0.234%	$486K	$540K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004714	+0.127%	—	$6.7M	—	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	0.0004699	−0.198%	$83K	$36K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0794%	1h	0.0004722	+0.301%	$92K	$134K	10x	as long as short