Funding arb · Price arb /

MET

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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: MEXC against Bitget−0.109%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$710.706% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.109%, 7d avg −0.045%

Together, before fees+0.107%+$11 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 0.064% 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 −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METUSDT	0.2757	0.0100	pay 0.0050% / 4h	3h 40m	$686K	$918K	25x
Short	MEXC MET_USDT	0.2754	0.0100	get 0.0050% / 4h	3h 40m	$846K	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → −0.045%: −$6.43
Slippage, 4 orders: −$54.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$77.07
Costs to cover: 0.706%
Break-even: never at this rate

Slippage from Bitget: live order book, 56 min ago; MEXC: live order book, 61 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, 56 min ago	7.39 bp	19.7 bp −$20	83.4 bp −$834	doesn't fit	doesn't fit
Sell MEXC live order book, 61 min ago	3.69 bp	11.5 bp −$11	33.5 bp −$335	181.7 bp −$18.2K	728.2 bp −$364.1K

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 −0.0738% / S +0.0214%	1h	0.2757	+0.009%	$4K	—	50x	as long as short
Phoenix MET	−0.0206%	1h	0.2758	+0.036%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2760	+0.098%	$170K	$435K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2756	−0.033%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2756	−0.029%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2755	−0.073%	$4.6M	$12.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2754	−0.105%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2757	0.000%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2756	−0.036%	$174K	$168K	50x	as long as short
MEXC MET_USDTshort	+0.0100%	4h	0.2754	−0.109%	$846K	$289K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2756	−0.036%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDTlong	+0.0100%	4h	0.2757	long leg	$686K	$918K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2750	−0.254%	$34K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2753	−0.145%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0132%	4h	0.2754	−0.109%	$271K	$91K	50x	as long as short
Backpack MET_USDC_PERP	+0.0312%	1h	0.2757	+0.007%	$315K	$249K	5x	as long as short