Settings8H · net · $10k
Funding arb · Price arb /

MEW

all MEW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX+0.043%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1121.121% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.043%, 7d avg +0.085%
Together, before fees+0.069%+$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: Bitget is 0.042% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.085%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MEW-USDT-SWAP0.00046630.0100pay 0.0050% / 4h5m 25s$522K$654K20x
ShortBitget MEWUSDT0.00046650.0100get 0.0050% / 4h5m 25s$478K$350K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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

Funding earned
$0
Price spread: +0.043% → +0.085%
−$4.17
Slippage, 4 orders
−$90.09
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$116.26
Costs to cover
1.121%
Break-even
never at this rate
Slippage from OKX: live order book, 25 min ago; Bitget: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 25 min ago1.07 bp34.0 bp −$349342.1 bp −$93.4K172514.0 bp −$17.25Mdoesn't fit
Sell Bitget live order book, 23 min ago7.49 bp19.6 bp −$2068.1 bp −$681doesn't fitdoesn't fit

MEW on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MEW/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0004660−0.064%100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−9.522%$46$14K5.5xas long as short
Binance MEWUSDT+0.0100%4h0.0004665+0.043%$1.1M$2.5M50xas long as short
Bybit MEWUSDT+0.0100%4h0.00046630.000%$1.5M$946K25xas long as short
OKX MEW-USDT-SWAPlong+0.0100%4h0.0004663long leg$522K$654K20x
Gate MEW_USDT+0.0100%4h0.0004658−0.107%$122K$73K50xas long as short
MEXC MEW_USDT+0.0100%4h0.0004665+0.043%$384K$171K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.0004662−0.021%$349K$109K30xas long as short
Bitget MEWUSDTshort+0.0100%4h0.0004665+0.043%$478K$350K50x
BingX MEW-USDT+0.0100%4h0.00046630.000%$22.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEW+0.0100%4h0.0004661−0.043%$82K$32Kas long as short
Kraken Futures PF_MEWUSD+0.0498%1h0.0004667+0.082%$91K$137K10xas long as short