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: SunX against Binance+0.015%7-day average +0.045% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.991%+$99 · spread now +0.015%, 7d avg +0.045%

Together, before fees+1.081%+$108 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: SunX is 0.030% 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 +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2782	0.0100	pay 0.0050% / 4h	50m 49s	$4.8M	$12.2M	50x
Short	SunX MET-USDT	0.2782	0.0100	get 0.0050% / 4h	50m 49s	$2K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.045%: −$2.99
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.99
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; SunX: live order book, 4 min ago. Net counts fees only.

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	3.60 bp	21.6 bp −$22	142.8 bp −$1,428	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	502.87 bp	doesn't fit	doesn't fit	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 −0.0498% / S +0.0175%	1h	0.2785	+0.133%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2786	+0.145%	$14K	$15K	5x	as long as short
Bybit METUSDT	+0.0016%	4h	0.2779	−0.092%	$4.8M	$3.2M	25x	as long as short
BloFin MET-USDT	+0.0070%	4h	0.2782	+0.015%	$285K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2780	−0.060%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2786	+0.148%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2784	+0.077%	$52K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2782	long leg	$4.8M	$12.2M	50x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2782	+0.015%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2783	+0.051%	$178K	$171K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2783	+0.051%	$935K	$280K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2786	+0.159%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2786	+0.159%	$652K	$862K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2788	+0.231%	$36K	$118K	50x	as long as short
SunX MET-USDTshort	+0.0100%	4h	0.2782	+0.015%	$2K	$1.6M	20x
Backpack MET_USDC_PERP	+0.0128%	1h	0.2785	+0.112%	$316K	$310K	5x	as long as short