Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.053%
Price spread now: Backpack against Gate+0.059%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1301.299% of the position
Funding, last 7 days+0.363%+$36 on $10k
+Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.059%, 7d avg +0.059%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MET_USDT | 0.2722 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $179K | $187K | 50x |
| Short | Backpack MET_USDC_PERP | 0.2724 | 0.0100 | get 0.0013% / 1h | 32m 40s | $309K | $279K | 5x |
Gate MET_USDT
Backpack MET_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.059% → +0.059%
- $0.02
- Slippage, 4 orders
- −$104.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$129.89
- Costs to cover
- 1.299%
- Break-even
- never at this rate
Slippage from Gate: live order book, 8 min ago; Backpack: live order book, 16 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 Gate live order book, 8 min ago | 3.67 bp | 39.2 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 16 min ago | 0.18 bp | 9.6 bp −$10 | doesn't fit | 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 −0.0717% / S +0.0209% | 1h | 0.2722 | −0.010% | $4K | — | 50x | as long as short |
| Phoenix MET | 0.0000% | 1h | 0.2721 | −0.055% | $13K | $14K | 5x | as long as short |
| Lighter MET | +0.0096% | 1h | 0.2724 | +0.070% | $166K | $424K | 5x | as long as short |
| Hyperliquid MET | +0.0100% | 1h | 0.2724 | +0.066% | $3.6M | $1.9M | 3x | as long as short |
| Aster METUSDT | +0.0100% | 4h | 0.2726 | +0.159% | $51K | $11K | 5x | as long as short |
| Binance METUSDT | +0.0100% | 4h | 0.2726 | +0.130% | $4.6M | $12.4M | 50x | as long as short |
| Bybit METUSDT | +0.0100% | 4h | 0.2724 | +0.073% | $4.7M | $3.2M | 25x | as long as short |
| OKX MET-USDT-SWAP | +0.0100% | 4h | 0.2726 | +0.147% | $1.2M | $3.2M | 20x | as long as short |
| Gate MET_USDTlong | +0.0100% | 4h | 0.2722 | long leg | $179K | $187K | 50x | |
| MEXC MET_USDT | +0.0100% | 4h | 0.2722 | 0.000% | $911K | $279K | 20x | as long as short |
GMX MET/USD [WBTC.b-USDC]
Phoenix MET
Lighter MET
Hyperliquid MET
Aster METUSDT
Binance METUSDT
Bybit METUSDT
OKX MET-USDT-SWAP
MEXC MET_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin METUSDTM | +0.0100% | 4h | 0.2723 | +0.037% | $1.3M | $2.7M | 50x | as long as short |
| Bitget METUSDT | +0.0100% | 4h | 0.2725 | +0.110% | $673K | $949K | 25x | as long as short |
| Backpack MET_USDC_PERPshort | +0.0100% | 1h | 0.2724 | +0.059% | $309K | $279K | 5x | |
| ApeX Omni METUSDT | +0.0100% | 1h | 0.2732 | +0.367% | $34K | $119K | 50x | as long as short |
| SunX MET-USDT | +0.0100% | 4h | 0.2722 | 0.000% | $1K | $1.6M | 20x | as long as short |
| BloFin MET-USDT | +0.0104% | 4h | 0.2735 | +0.478% | $277K | $93K | 50x | as long as short |
KuCoin METUSDTM
Bitget METUSDT
ApeX Omni METUSDT
SunX MET-USDT
BloFin MET-USDT