MET

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0467%/8h= +51.2% APRpaid last 24h +0.058%

Price spread now: Backpack against Binance+0.063%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$710.708% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.416%+$42 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.063%, 7d avg +0.070%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2855	0.0100	pay 0.0050% / 4h	1h 15m	$5.0M	$11.2M	50x
Short	Backpack MET_USDC_PERP	0.2857	0.0567	get 0.0071% / 1h	15m 25s	$332K	$257K	5x

Funding history

latest

Range statsloading…

Backpack against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BinancebpFee BackpackbpOrdersPrice spread, now +0.063%Rate

Slippage from Binance: live order book, 10 min ago; Backpack: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	1.75 bp	16.6 bp −$17	69.7 bp −$697	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.70 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit

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]	L −0.1723% / S +0.0247%	1h	0.2855	−0.016%	$10K	—	50x	as long as short
Phoenix MET	−0.0114%	1h	0.2852	−0.091%	$14K	$13K	5x	as long as short
BloFin MET-USDT	+0.0046%	4h	0.2852	−0.105%	$293K	$79K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2856	+0.035%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2856	+0.041%	$54K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2855	long leg	$5.0M	$11.2M	50x
Bybit METUSDT	+0.0100%	4h	0.2852	−0.105%	$4.9M	$2.9M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2855	0.000%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2855	0.000%	$193K	$189K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2853	−0.070%	$966K	$271K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2853	−0.070%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2856	+0.035%	$678K	$854K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2853	−0.070%	$37K	$111K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2858	+0.105%	$2K	$1.6M	20x	as long as short
Lighter MET	+0.0152%	1h	0.2862	+0.238%	$265K	$247K	5x	as long as short
Backpack MET_USDC_PERPshort	+0.0567%	1h	0.2857	+0.063%	$332K	$257K	5x