Funding arb · Price arb /

MET

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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: KuCoin against Bitget−0.070%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$301as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2782.783% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.229%−$23 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.070%, 7d avg −0.013%

Together, before fees−0.168%−$17 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 0.057% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METUSDT	0.2855	0.0100	pay 0.0050% / 4h	1h 21m	$677K	$854K	25x
Short	KuCoin METUSDTM	0.2853	0.0100	get 0.0050% / 4h	1h 21m	$1.3M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.013%: −$5.66
Slippage, 4 orders: −$254.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$283.91
Costs to cover: 2.783%
Break-even: never at this rate

Slippage from Bitget: live order book, 59 min ago; KuCoin: live order book, 5 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, 59 min ago	8.81 bp	28.6 bp −$29	110.6 bp −$1,106	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	5.28 bp	119.4 bp −$119	361.0 bp −$3,610	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 −0.1723% / S +0.0247%	1h	0.2854	−0.038%	$10K	—	50x	as long as short
Phoenix MET	−0.0114%	1h	0.2844	−0.371%	$14K	$13K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2856	+0.046%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2854	−0.035%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2857	+0.062%	$5.0M	$11.2M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2851	−0.133%	$4.9M	$2.9M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2855	0.000%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2854	−0.035%	$193K	$188K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2856	+0.035%	$966K	$270K	20x	as long as short
KuCoin METUSDTMshort	+0.0100%	4h	0.2853	−0.070%	$1.3M	$2.5M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDTlong	+0.0100%	4h	0.2855	long leg	$677K	$854K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2843	−0.420%	$36K	$111K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2854	−0.035%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0112%	4h	0.2854	−0.035%	$293K	$79K	50x	as long as short
Lighter MET	+0.0160%	1h	0.2864	+0.333%	$265K	$247K	5x	as long as short
Backpack MET_USDC_PERP	+0.0548%	1h	0.2856	+0.039%	$332K	$257K	5x	as long as short