Spread before costs (cost unknown: a leg has no order-book sample)−0.216%
7d average—if it closes, per $10,000$22funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MEW-USDT-SWAP | 0.0004630 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $520K | $635K | 20x |
| Short | GMX MEW/USD [WBTC.b-USDC] | 0.0004620 | L 0.0000% / S 0.0000% | get 0.0000% / 1h | 51m 09s | — | — | 100x |
OKX MEW-USDT-SWAP
GMX MEW/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$21.6
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$46.6
- Spread needed to break even
- 0.220%
Slippage unknown: OKX: live order book, 46 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- Average in range /8h
- —
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, 46 min ago | 3.26 bp | 26.4 bp −$26 | 5882.1 bp −$58.8K | 140461.3 bp −$14.05M | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MEW price on every exchange
against the cheapest. Click to use as the short leg.Injective0.0004219cheapest
Variational Omni0.0004615+9.381%
Injective
Variational OmniGMX0.0004620+9.505%
Gate0.0004624+9.599%
GateOKX0.0004630+9.742%
MEXC0.0004631+9.765%Bybit0.0004632+9.789%Bitget0.0004632+9.789%BingX0.0004632+9.789%Binance0.0004633+9.806%KuCoin0.0004633+9.813%Kraken Futures0.0004638+9.924%
MEXC
Bybit
Bitget
BingX
Binance
KuCoin
Kraken FuturesMEW on 12 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MEW/USDC PERP | −8.877% | +0.0033% | 1h | $46 | $14K | 5.5x | as long as short |
| Variational Omni MEW | −0.328% | +0.0100% | 4h | $51K | $120 | — | as long as short |
| GMX MEW/USD [WBTC.b-USDC]short | −0.216% | L 0.0000% / S 0.0000% | 1h | — | — | 100x | |
| Gate MEW_USDT | −0.130% | +0.0100% | 4h | $122K | $72K | 50x | as long as short |
| OKX MEW-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $520K | $635K | 20x | |
| MEXC MEW_USDT | +0.022% | +0.0100% | 4h | $380K | $168K | 125x | as long as short |
| Bybit MEWUSDT | +0.043% | +0.0100% | 4h | $1.4M | $855K | 25x | as long as short |
| Bitget MEWUSDT | +0.043% | +0.0100% | 4h | $482K | $334K | 50x | as long as short |
| BingX MEW-USDT | +0.043% | +0.0100% | 4h | — | $22.3M | — | as long as short |
| Binance MEWUSDT | +0.058% | +0.0100% | 4h | $1.1M | $2.4M | 50x | as long as short |
Show all 12 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MEWUSDTM | +0.065% | +0.0100% | 4h | $366K | $103K | 30x | as long as short |
| Kraken Futures PF_MEWUSD | +0.166% | +0.0144% | 1h | $91K | $138K | 10x | as long as short |