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: Bitget against Bybit+0.172%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1291.287% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.172%, 7d avg −0.012%

Together, before fees−0.098%−$10 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: Bitget is 0.184% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METUSDT	0.2725	0.0100	pay 0.0050% / 4h	2h 40m	$4.7M	$3.2M	25x
Short	Bitget METUSDT	0.2730	0.0100	get 0.0050% / 4h	2h 40m	$668K	$914K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.172%Rate

Funding earned: $0
Price spread: +0.172% → −0.012%: $18.41
Slippage, 4 orders: −$105.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$110.27
Costs to cover: 1.287%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: 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 Bybit live order book, 2 min ago	1.83 bp	33.0 bp −$33	265.4 bp −$2,654	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.28 bp	32.7 bp −$33	130.2 bp −$1,302	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 −0.0688% / S +0.0202%	1h	0.2733	+0.300%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2742	+0.631%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2726	+0.018%	$166K	$423K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2728	+0.088%	$3.6M	$1.8M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2730	+0.175%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2726	+0.026%	$4.6M	$12.3M	50x	as long as short
Bybit METUSDTlong	+0.0100%	4h	0.2725	long leg	$4.7M	$3.2M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2724	−0.048%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2734	+0.319%	$178K	$184K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2729	+0.136%	$912K	$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	0.2730	+0.172%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDTshort	+0.0100%	4h	0.2730	+0.172%	$668K	$914K	25x
Backpack MET_USDC_PERP	+0.0100%	1h	0.2731	+0.213%	$307K	$278K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2732	+0.246%	$34K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2733	+0.283%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0137%	4h	0.2736	+0.393%	$279K	$93K	50x	as long as short