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+0.0083%/8h= +9.1% APRnext payment +$0.42 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bybit+0.036%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.151%+$15 on $10k
Price spread, last 4 days (all we have)+0.880%+$88 · spread now +0.036%, 7d avg +0.011%
Together, before fees+1.031%+$103 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.025% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit METUSDT0.27740.0017pay 0.0008% / 4h48m 59s$4.8M$3.2M25x
ShortSunX MET-USDT0.27750.0100get 0.0050% / 4h48m 59s$2K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$17.5
Price spread: +0.036% → +0.011%
$2.46
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee SunX: 4 bp × 2 orders
−$8
Net
$0.96
Costs to cover
0.190%
Break-even
6.6 days
Slippage unknown: Bybit: live order book, 4 min ago; SunX: live order book, 6 min ago. Net counts fees only.

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, 4 min ago3.59 bp33.7 bp −$34243.1 bp −$2,431doesn't fitdoesn't fit
Sell SunX live order book, 6 min ago502.87 bpdoesn't fitdoesn'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 −0.0498% / S +0.0175%1h0.2775+0.028%$4K50xas long as short
Phoenix MET0.0000%1h0.2786+0.418%$14K$15K5xas long as short
Bybit METUSDTlong+0.0017%4h0.2774long leg$4.8M$3.2M25x
BloFin MET-USDT+0.0069%4h0.2777+0.108%$284K$89K50xas long as short
Lighter MET+0.0096%1h0.2771−0.123%$168K$425K5xas long as short
Hyperliquid MET+0.0100%1h0.2777+0.090%$3.8M$1.7M3xas long as short
Aster METUSDT+0.0100%4h0.2776+0.067%$52K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2775+0.036%$4.8M$12.2M50xas long as short
OKX MET-USDT-SWAP+0.0100%4h0.2775+0.036%$1.2M$3.3M20xas long as short
Gate MET_USDT+0.0100%4h0.2776+0.072%$178K$171K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MET_USDT+0.0100%4h0.2775+0.036%$932K$280K20xas long as short
KuCoin METUSDTM+0.0100%4h0.2776+0.072%$1.3M$2.6M50xas long as short
Bitget METUSDT+0.0100%4h0.2778+0.144%$650K$865K25xas long as short
Backpack MET_USDC_PERP+0.0100%1h0.2777+0.101%$315K$310K5xas long as short
ApeX Omni METUSDT+0.0100%1h0.2778+0.144%$36K$118K50xas long as short
SunX MET-USDTshort+0.0100%4h0.2775+0.036%$2K$1.6M20x