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

MET

all MET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bybit+0.032%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1021.015% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 7 days−0.048%−$5 · spread now +0.032%, 7d avg −0.054%
Together, before fees+0.013%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.086% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit METUSDT0.27880.0089pay 0.0045% / 4h1h 14m$4.8M$3.2M25x
ShortMEXC MET_USDT0.27890.0100get 0.0050% / 4h1h 14m$938K$284K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$2.29
Price spread: +0.032% → −0.054%
$8.64
Slippage, 4 orders
−$86.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$90.6
Costs to cover
1.015%
Break-even
284.1 days
Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 52 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 ago1.79 bp39.6 bp −$40275.2 bp −$2,752doesn't fitdoesn't fit
Sell MEXC live order book, 52 min ago1.80 bp13.0 bp −$1342.6 bp −$426238.3 bp −$23.8K932.5 bp −$466.3K

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 −0.0599% / S +0.0206%1h0.2789+0.027%$4K50xas long as short
Bybit METUSDTlong+0.0089%4h0.2788long leg$4.8M$3.2M25x
Lighter MET+0.0096%1h0.2790+0.054%$169K$423K5xas long as short
Hyperliquid MET+0.0100%1h0.2789+0.029%$3.8M$1.7M3xas long as short
Aster METUSDT+0.0100%4h0.2790+0.080%$53K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2789+0.032%$4.8M$12.2M50xas long as short
OKX MET-USDT-SWAP+0.0100%4h0.2789+0.032%$1.2M$3.4M20xas long as short
Gate MET_USDT+0.0100%4h0.2791+0.104%$180K$175K50xas long as short
MEXC MET_USDTshort+0.0100%4h0.2789+0.032%$938K$284K20x
KuCoin METUSDTM+0.0100%4h0.2792+0.140%$1.3M$2.6M50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget METUSDT+0.0100%4h0.2792+0.140%$654K$888K25xas long as short
ApeX Omni METUSDT+0.0100%1h0.2789+0.032%$36K$117K50xas long as short
SunX MET-USDT+0.0100%4h0.2788−0.004%$1K$1.6M20xas long as short
BloFin MET-USDT+0.0114%4h0.2791+0.104%$285K$90K50xas long as short
Phoenix MET+0.0173%1h0.2804+0.567%$14K$15K5xas long as short
Backpack MET_USDC_PERP+0.0399%1h0.2792+0.133%$315K$310K5xas long as short