Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget−0.073%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.073%, 7d avg −0.010%

Together, before fees+0.109%+$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: OKX is 0.063% 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 −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METUSDT	0.2723	0.0100	pay 0.0050% / 4h	2h 39m	$667K	$915K	25x
Short	OKX MET-USDT-SWAP	0.2721	0.0100	get 0.0050% / 4h	2h 39m	$1.2M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.010%: −$6.32
Slippage, 4 orders: −$88.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$116.66
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; OKX: 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, 6 min ago	7.28 bp	24.7 bp −$25	103.9 bp −$1,039	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	9.14 bp	27.0 bp −$27	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 −0.0692% / S +0.0203%	1h	0.2727	+0.157%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2742	+0.716%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2725	+0.070%	$166K	$423K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2727	+0.129%	$3.6M	$1.8M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2723	+0.018%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2721	−0.061%	$4.6M	$12.3M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2720	−0.129%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2721	−0.073%	$1.2M	$3.2M	20x
Gate MET_USDT	+0.0100%	4h	0.2726	+0.110%	$177K	$184K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2721	−0.073%	$910K	$279K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2728	+0.184%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDTlong	+0.0100%	4h	0.2723	long leg	$667K	$915K	25x
Backpack MET_USDC_PERP	+0.0100%	1h	0.2728	+0.169%	$307K	$278K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2732	+0.331%	$34K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2727	+0.147%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0137%	4h	0.2736	+0.477%	$279K	$93K	50x	as long as short