Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−0.021%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.141%+$14 · spread now −0.021%, 7d avg +0.044%

Together, before fees+0.174%+$17 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: Bitget is 0.065% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2803	0.0100	pay 0.0050% / 4h	1h 18m	$4.8M	$12.2M	50x
Short	Bitget METUSDT	0.2802	0.0100	get 0.0050% / 4h	1h 18m	$656K	$887K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.044%: −$6.5
Slippage, 4 orders: −$70.15
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$98.66
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 42 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 Binance live order book, 6 min ago	1.79 bp	18.7 bp −$19	133.3 bp −$1,333	doesn't fit	doesn't fit
Sell Bitget live order book, 42 min ago	7.19 bp	27.8 bp −$28	91.6 bp −$916	doesn't fit	doesn't fit

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]	L −0.0598% / S +0.0206%	1h	0.2799	−0.115%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2803	+0.022%	$170K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2803	+0.025%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2804	+0.047%	$53K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2803	long leg	$4.8M	$12.2M	50x
Bybit METUSDT	+0.0100%	4h	0.2801	−0.042%	$4.8M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2806	+0.122%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2801	−0.057%	$181K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2802	−0.021%	$943K	$284K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2802	−0.021%	$1.3M	$2.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDTshort	+0.0100%	4h	0.2802	−0.021%	$656K	$887K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2794	−0.306%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2798	−0.164%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0112%	4h	0.2798	−0.164%	$286K	$90K	50x	as long as short
Phoenix MET	+0.0173%	1h	0.2794	−0.314%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0384%	1h	0.2805	+0.093%	$316K	$310K	5x	as long as short