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: Bybit against Bitget−0.025%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1361.361% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 7 days−0.047%−$5 · spread now −0.025%, 7d avg +0.010%

Together, before fees−0.141%−$14 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 0.035% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METUSDT	0.2800	0.0100	pay 0.0050% / 4h	1h 20m	$655K	$887K	25x
Short	Bybit METUSDT	0.2799	0.0100	get 0.0050% / 4h	1h 20m	$4.8M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.010%: −$3.5
Slippage, 4 orders: −$113.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$139.58
Costs to cover: 1.361%
Break-even: never at this rate

Slippage from Bitget: live order book, 40 min ago; Bybit: 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 Bitget live order book, 40 min ago	7.19 bp	26.5 bp −$27	123.2 bp −$1,232	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.58 bp	44.1 bp −$44	194.0 bp −$1,940	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 −0.0595% / S +0.0205%	1h	0.2799	−0.019%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2799	−0.036%	$169K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2799	−0.021%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2799	−0.030%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2800	−0.017%	$4.8M	$12.2M	50x	as long as short
Bybit METUSDTshort	+0.0100%	4h	0.2799	−0.025%	$4.8M	$3.2M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2801	+0.036%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2797	−0.107%	$180K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2800	0.000%	$941K	$284K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2799	−0.036%	$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 METUSDTlong	+0.0100%	4h	0.2800	long leg	$655K	$887K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2788	−0.429%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2798	−0.071%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0117%	4h	0.2794	−0.214%	$285K	$90K	50x	as long as short
Phoenix MET	+0.0173%	1h	0.2794	−0.221%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0348%	1h	0.2800	+0.004%	$316K	$310K	5x	as long as short