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: Gate against OKX0.000%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2792.790% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now 0.000%, 7d avg −0.083%

Together, before fees−0.005%−$1 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 0.083% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEW-USDT-SWAP	0.0004646	0.0100	pay 0.0050% / 4h	1h 54m	$525K	$745K	20x
Short	Gate MEW_USDT	0.0004646	0.0100	get 0.0050% / 4h	1h 54m	$135K	$120K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.083%: $8.35
Slippage, 4 orders: −$254.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$270.67
Costs to cover: 2.790%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Gate: live order book, 1 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 OKX live order book, 6 min ago	5.38 bp	27.5 bp −$27	8713.2 bp −$87.1K	166763.4 bp −$16.68M	doesn't fit
Sell Gate live order book, 1 min ago	7.53 bp	111.6 bp −$112	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	0.0004640	−0.129%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.191%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004651	+0.105%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004654	+0.172%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAPlong	+0.0100%	4h	0.0004646	long leg	$525K	$745K	20x
Gate MEW_USDTshort	+0.0100%	4h	0.0004646	0.000%	$135K	$120K	50x
MEXC MEW_USDT	+0.0100%	4h	0.0004649	+0.065%	$386K	$173K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004652	+0.129%	$336K	$115K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004653	+0.151%	$500K	$371K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004652	+0.129%	—	$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	0.0004663	+0.371%	$81K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.1045%	1h	0.0004654	+0.170%	$93K	$107K	10x	as long as short