MEW Funding Rate — live across 9 venues

Perpetual funding · compared across 9 venues · net of estimated fees · updated every few minutes

Live annualized MEW perpetual funding across all 9 venues Perpia tracks. Right now MEW funding is positive on 3 and negative on 6, ranging from +10.9% on Bybit to -54.1% on Gate.io — a spread of 65.0%. The widest delta-neutral trade is long Gate.io / short Bybit at 61.8% net APR.

9venues

3paying positive

65.0%funding spread

Best MEW spread now

61.8%

net APR after fees

LongGate.io↗→ShortBybit↗

size depends on live venue depth — see the real cap in the scanner

MEW funding trend & liquidity

168h of history

65.0%current gross APR

129.7%24h average

17.3%7-day average

$316Kpair OI · lower leg

$611K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

MEW · Gate.io → Bybit — no history

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Build a route

any two of the 9 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+65.0%+$17.82 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 9 venues

Venue	Funding APR ↓	Interval
Bybit↗short	+10.9%	every 4h
KuCoin↗	+10.9%	every 4h
Variational↗	+10.9%	every 4h
below — these venues pay the longs: this is the leg you buy
OKX↗	−13.8%	every 4h
Binance↗	−20.8%	every 4h
MEXC↗	−21.2%	every 4h
BingX↗	−23.7%	every 4h
Bitget↗	−23.9%	every 4h
Gate.io↗long	−54.1%	every 4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Gate.io vs Bybit page. 27 pairs scanned for MEW.

MEW arbitrage — 30-day backtest

long Gate.io · short Bybit

-5.1%backtested APR

−$42historical net P&L on $10,000

1.16%max drawdown

$10,000$9,958

30 days agostarting capital $10,000today

Over the last 30 days, holding long Gate.io / short Bybit would have produced -5.1% APR — versus the 61.8% the live spread implies right now (equity $10,000 → $9,958). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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MEW — FAQ

Is MEW funding positive right now?

MEW perpetual funding is positive on 3 of 9 venues Perpia tracks and negative on 6. The highest is +10.9% on Bybit; the lowest is -54.1% on Gate.io.

What is the best MEW funding arbitrage right now?

Go long Gate.io and short Bybit for about 61.8% net APR after fees — the widest delta-neutral MEW spread Perpia currently sees.

Which exchange has the highest MEW funding rate?

Bybit, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How MEW funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to MEW

also quoted on both Bybit and Gate.io

The same two exchanges you would already have funded for the MEW trade. Every spread between them is on the Bybit vs Gate.io page.

Open the live scanner →All funding rates Funding by exchange How we calculate this