Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.003%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2082.079% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.003%, 7d avg +0.031%

Together, before fees−0.211%−$21 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: KuCoin is 0.034% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2904	0.0100	pay 0.0050% / 4h	52m 19s	$5.0M	$12.7M	50x
Short	KuCoin METUSDTM	0.2904	0.0100	get 0.0050% / 4h	52m 19s	$1.3M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.031%: −$3.39
Slippage, 4 orders: −$185.86
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$211.25
Costs to cover: 2.079%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 3 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, 11 min ago	1.72 bp	18.7 bp −$19	98.4 bp −$984	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	6.89 bp	92.6 bp −$93	336.3 bp −$3,363	doesn't fit	doesn't fit

MET on 16 exchanges

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
Phoenix MET	−0.0247%	1h	0.2903	−0.020%	$14K	$12K	5x	as long as short
GMX MET/USD [WBTC.b-USDC]	L −0.0032% / S +0.0153%	1h	0.2905	+0.028%	$9K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2909	+0.159%	$174K	$427K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2908	+0.118%	$3.9M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2906	+0.057%	$55K	$14K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2904	long leg	$5.0M	$12.7M	50x
Bybit METUSDT	+0.0100%	4h	0.2904	−0.003%	$5.1M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2906	+0.066%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2902	−0.071%	$190K	$168K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2904	−0.003%	$992K	$324K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMshort	+0.0100%	4h	0.2904	−0.003%	$1.3M	$2.7M	50x
Bitget METUSDT	+0.0100%	4h	0.2907	+0.101%	$702K	$774K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2902	−0.071%	$38K	$112K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2905	+0.032%	$2K	$1.5M	20x	as long as short
Backpack MET_USDC_PERP	+0.0294%	1h	0.2904	+0.008%	$331K	$238K	5x	as long as short
BloFin MET-USDT	+0.0340%	4h	0.2906	+0.066%	$301K	$130K	50x	as long as short