Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.030%

Price spread now: GMX against Aster−0.125%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and GMX is 0.125% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METUSDT	0.2868	0.0100	pay 0.0050% / 4h	31m 42s	$54K	$11K	5x
Short	GMX MET/USD [WBTC.b-USDC]	0.2865	L −0.1723% / S +0.0247%	pay 0.0031% / 1h	31m 42s	$10K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$72.8
Price spread: −0.125% → 0.000%: −$12.49
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$105.29
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; GMX: no order-book sample. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and 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.

MET on 16 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 MET/USD [WBTC.b-USDC]short	L −0.1723% / S +0.0247%	1h	0.2865	−0.125%	$10K	—	50x
Phoenix MET	−0.0112%	1h	0.2866	−0.082%	$15K	$13K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2869	+0.043%	$4.3M	$1.3M	3x	as long as short
Aster METUSDTlong	+0.0100%	4h	0.2868	long leg	$54K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2868	−0.016%	$5.1M	$11.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2865	−0.100%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2869	+0.026%	$1.3M	$3.5M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2866	−0.079%	$193K	$189K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2867	−0.044%	$1.0M	$278K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2867	−0.044%	$1.3M	$2.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2868	−0.009%	$690K	$869K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2863	−0.183%	$37K	$115K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2863	−0.183%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0154%	4h	0.2866	−0.079%	$299K	$84K	50x	as long as short
Lighter MET	+0.0248%	1h	0.2874	+0.214%	$264K	$250K	5x	as long as short
Backpack MET_USDC_PERP	+0.0683%	1h	0.2869	+0.040%	$334K	$258K	5x	as long as short