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: OKX against MEXC−0.206%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1061.056% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.206%, 7d avg −0.068%

Together, before fees+0.072%+$7 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 0.138% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEW_USDT	0.0004845	0.0100	pay 0.0050% / 4h	3h 43m	$396K	$176K	125x
Short	OKX MEW-USDT-SWAP	0.0004835	0.0100	get 0.0050% / 4h	3h 43m	$557K	$865K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → −0.068%: −$13.83
Slippage, 4 orders: −$91.61
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$119.43
Costs to cover: 1.056%
Break-even: never at this rate

Slippage from MEXC: live order book, 57 min ago; OKX: live order book, 7 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, 57 min ago	1.08 bp	12.7 bp −$13	62.4 bp −$624	162.8 bp −$16.3K	doesn't fit
Sell OKX live order book, 7 min ago	5.22 bp	38.6 bp −$39	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	0.0004840	−0.103%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−12.921%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004846	+0.014%	$1.3M	$3.2M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004847	+0.041%	$1.5M	$1.4M	25x	as long as short
OKX MEW-USDT-SWAPshort	+0.0100%	4h	0.0004835	−0.206%	$557K	$865K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004847	+0.041%	$144K	$133K	50x	as long as short
MEXC MEW_USDTlong	+0.0100%	4h	0.0004845	long leg	$396K	$176K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004847	+0.041%	$342K	$125K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004847	+0.041%	$533K	$459K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004847	+0.041%	—	$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	0.0004830	−0.317%	$85K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0874%	1h	0.0004854	+0.192%	$91K	$119K	10x	as long as short