Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Gate−0.080%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.080% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MET_USDT	0.2869	0.0100	pay 0.0050% / 4h	37m 22s	$193K	$189K	50x
Short	Aster METUSDT	0.2867	0.0100	get 0.0050% / 4h	37m 22s	$54K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → 0.000%: −$7.97
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.97
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 34 min ago; Aster: no order-book sample. Net counts fees only.

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 Gate live order book, 34 min ago	7.01 bp	61.7 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.1723% / S +0.0247%	1h	0.2873	+0.145%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2878	+0.296%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0096%	4h	0.2873	+0.139%	$302K	$84K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2868	−0.049%	$4.3M	$1.3M	3x	as long as short
Aster METUSDTshort	+0.0100%	4h	0.2867	−0.080%	$54K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2864	−0.174%	$5.1M	$11.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2866	−0.094%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2865	−0.139%	$1.3M	$3.5M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2869	long leg	$193K	$189K	50x
MEXC MET_USDT	+0.0100%	4h	0.2866	−0.105%	$1.0M	$278K	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	0.2868	−0.035%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2868	−0.035%	$690K	$868K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2868	−0.035%	$37K	$115K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2871	+0.070%	$2K	$1.6M	20x	as long as short
Lighter MET	+0.0240%	1h	0.2876	+0.241%	$264K	$250K	5x	as long as short
Backpack MET_USDC_PERP	+0.0882%	1h	0.2875	+0.227%	$334K	$258K	5x	as long as short