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: KuCoin against Bybit+0.062%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$343as in the Funding arb table

Net, price: spread back to 7d avg − costs−$318as in the Price arb table

costs, in and out, $10k−$3273.267% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.062%, 7d avg −0.024%

Together, before fees−0.232%−$23 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 0.085% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METUSDT	0.2749	0.0100	pay 0.0050% / 4h	3h 00m	$4.7M	$3.1M	25x
Short	KuCoin METUSDTM	0.2751	0.0100	get 0.0050% / 4h	3h 00m	$1.3M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → −0.024%: $8.54
Slippage, 4 orders: −$303.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$318.11
Costs to cover: 3.267%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: 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 Bybit live order book, 2 min ago	3.64 bp	35.2 bp −$35	265.7 bp −$2,657	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	5.45 bp	123.5 bp −$124	411.3 bp −$4,113	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 −0.0619% / S +0.0184%	1h	0.2750	+0.014%	$4K	—	50x	as long as short
Phoenix MET	−0.0029%	1h	0.2752	+0.109%	$13K	$15K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2753	+0.124%	$168K	$424K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2751	+0.069%	$3.7M	$1.8M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2752	+0.090%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2750	+0.026%	$4.7M	$12.2M	50x	as long as short
Bybit METUSDTlong	+0.0100%	4h	0.2749	long leg	$4.7M	$3.1M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2749	−0.011%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2748	−0.047%	$184K	$182K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2751	+0.062%	$920K	$282K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMshort	+0.0100%	4h	0.2751	+0.062%	$1.3M	$2.6M	50x
Bitget METUSDT	+0.0100%	4h	0.2750	+0.025%	$667K	$896K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2754	+0.175%	$312K	$273K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2744	−0.193%	$35K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2749	−0.011%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0145%	4h	0.2754	+0.171%	$281K	$88K	50x	as long as short