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: MEXC against Binance−0.070%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$570.565% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.070%, 7d avg +0.001%

Together, before fees+0.086%+$9 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: MEXC is 0.071% 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 +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2847	0.0100	pay 0.0050% / 4h	3h 38m	$5.0M	$11.8M	50x
Short	MEXC MET_USDT	0.2845	0.0100	get 0.0050% / 4h	3h 38m	$1.0M	$277K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → +0.001%: −$7.09
Slippage, 4 orders: −$42.55
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$63.64
Costs to cover: 0.565%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	1.75 bp	17.6 bp −$18	67.8 bp −$678	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.51 bp	10.3 bp −$10	35.3 bp −$353	227.1 bp −$22.7K	773.8 bp −$386.9K

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 −0.1723% / S +0.0247%	1h	0.2845	−0.074%	$10K	—	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2846	−0.032%	$4.2M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2845	−0.055%	$54K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2847	long leg	$5.0M	$11.8M	50x
Bybit METUSDT	+0.0100%	4h	0.2843	−0.133%	$4.9M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2846	−0.035%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2847	0.000%	$193K	$185K	50x	as long as short
MEXC MET_USDTshort	+0.0100%	4h	0.2845	−0.070%	$1.0M	$277K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2846	−0.035%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2847	0.000%	$682K	$880K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni METUSDT	+0.0100%	1h	0.2846	−0.035%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2847	0.000%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0127%	4h	0.2854	+0.246%	$294K	$88K	50x	as long as short
Phoenix MET	+0.0197%	1h	0.2853	+0.211%	$15K	$15K	5x	as long as short
Lighter MET	+0.0568%	1h	0.2853	+0.214%	$256K	$278K	5x	as long as short
Backpack MET_USDC_PERP	+0.0588%	1h	0.2848	+0.035%	$333K	$264K	5x	as long as short