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: MEXC against OKX+0.189%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on OKX Short on MEXC

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)−0.108%−$11 · spread now +0.189%, 7d avg +0.068%

Together, before fees−0.054%−$5 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: MEXC is 0.121% dearer against OKX than usual: you sell high and buy low, +$12 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	OKX MEW-USDT-SWAP	0.0004771	0.0100	pay 0.0050% / 4h	3h 07m	$547K	$871K	20x
Short	MEXC MEW_USDT	0.0004780	0.0100	get 0.0050% / 4h	3h 07m	$384K	$180K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.189%Rate

Funding earned: $0
Price spread: +0.189% → +0.068%: $12.05
Slippage, 4 orders: −$89.21
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$91.16
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from OKX: live order book, 44 min ago; MEXC: live order book, 28 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, 44 min ago	5.22 bp	42.6 bp −$43	12393.1 bp −$123.9K	200286.8 bp −$20.03M	doesn't fit
Sell MEXC live order book, 28 min ago	1.03 bp	12.0 bp −$12	54.1 bp −$541	202.8 bp −$20.3K	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	0.0004760	−0.231%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.570%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004774	+0.071%	$1.3M	$3.3M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004773	+0.042%	$1.5M	$1.4M	25x	as long as short
OKX MEW-USDT-SWAPlong	+0.0100%	4h	0.0004771	long leg	$547K	$871K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004763	−0.168%	$142K	$135K	50x	as long as short
MEXC MEW_USDTshort	+0.0100%	4h	0.0004780	+0.189%	$384K	$180K	125x
KuCoin MEWUSDTM	+0.0100%	4h	0.0004777	+0.126%	$331K	$127K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004773	+0.042%	$497K	$501K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004771	0.000%	—	$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	0.0004784	+0.264%	$85K	$35K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0888%	1h	0.0004775	+0.074%	$90K	$123K	10x	as long as short