Settings8H · net · $10k
Funding arb · Price arb /

MET

all MET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.018%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1211.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.018%, 7d avg +0.010%
Together, before fees+0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit METUSDT0.27990.0100pay 0.0050% / 4h1h 20m$4.8M$3.2M25x
ShortHyperliquid MET0.28000.0100get 0.0013% / 1h20m 10s$3.8M$1.7M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.018% → +0.010%
$0.79
Slippage, 4 orders
−$100.99
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$120.2
Costs to cover
1.210%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago3.58 bp37.6 bp −$38310.7 bp −$3,107doesn't fitdoesn't fit
Sell Hyperliquid live order book, 1 min ago0.71 bp22.6 bp −$23doesn't fitdoesn't fitdoesn't fit

MET on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MET/USD [WBTC.b-USDC]L −0.0595% / S +0.0205%1h0.2799+0.010%$4K50xas long as short
Lighter MET+0.0096%1h0.2799+0.011%$170K$422K5xas long as short
Hyperliquid METshort+0.0100%1h0.2800+0.018%$3.8M$1.7M3x
Aster METUSDT+0.0100%4h0.2801+0.060%$53K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2799+0.005%$4.8M$12.2M50xas long as short
Bybit METUSDTlong+0.0100%4h0.2799long leg$4.8M$3.2M25x
OKX MET-USDT-SWAP+0.0100%4h0.2801+0.064%$1.3M$3.4M20xas long as short
Gate MET_USDT+0.0100%4h0.2798−0.043%$180K$175K50xas long as short
MEXC MET_USDT+0.0100%4h0.2799−0.007%$941K$284K20xas long as short
KuCoin METUSDTM+0.0100%4h0.2801+0.064%$1.3M$2.6M50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget METUSDT+0.0100%4h0.2800+0.029%$655K$887K25xas long as short
ApeX Omni METUSDT+0.0100%1h0.2788−0.400%$36K$118K50xas long as short
SunX MET-USDT+0.0100%4h0.2799−0.007%$1K$1.6M20xas long as short
BloFin MET-USDT+0.0117%4h0.2794−0.186%$285K$90K50xas long as short
Phoenix MET+0.0173%1h0.2794−0.193%$14K$15K5xas long as short
Backpack MET_USDC_PERP+0.0370%1h0.2801+0.071%$316K$310K5xas long as short