Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Binance+0.018%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1241.238% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.060%+$6 · spread now +0.018%, 7d avg +0.058%

Together, before fees0.000%$0 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: Bybit is 0.040% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2822	0.0100	pay 0.0050% / 4h	1h 51m	$4.9M	$11.1M	50x
Short	Bybit METUSDT	0.2823	0.0100	get 0.0050% / 4h	1h 51m	$4.9M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.058%: −$4.03
Slippage, 4 orders: −$102.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$127.85
Costs to cover: 1.238%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 1 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, 4 min ago	1.76 bp	15.2 bp −$15	97.0 bp −$970	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.54 bp	42.9 bp −$43	190.6 bp −$1,906	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 −0.1601% / S +0.0234%	1h	0.2824	+0.064%	$9K	—	50x	as long as short
Phoenix MET	−0.0114%	1h	0.2834	+0.418%	$14K	$13K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2823	+0.035%	$4.3M	$1.2M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2829	+0.255%	$52K	$10K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2822	long leg	$4.9M	$11.1M	50x
Bybit METUSDTshort	+0.0100%	4h	0.2823	+0.018%	$4.9M	$2.9M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2822	0.000%	$1.3M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2827	+0.177%	$193K	$187K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2823	+0.035%	$944K	$259K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2824	+0.071%	$1.3M	$2.4M	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	0.2826	+0.142%	$664K	$845K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2818	−0.142%	$36K	$111K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2826	+0.142%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0141%	4h	0.2830	+0.283%	$292K	$78K	50x	as long as short
Lighter MET	+0.0200%	1h	0.2830	+0.287%	$261K	$244K	5x	as long as short
Backpack MET_USDC_PERP	+0.0729%	1h	0.2828	+0.213%	$330K	$251K	5x	as long as short