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: Bitget against Gate+0.072%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1291.291% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.072%, 7d avg +0.040%

Together, before fees+0.006%+$1 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: Bitget is 0.032% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MET_USDT	0.2762	0.0100	pay 0.0050% / 4h	3h 08m	$179K	$174K	50x
Short	Bitget METUSDT	0.2764	0.0100	get 0.0050% / 4h	3h 08m	$658K	$864K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.040%: $3.23
Slippage, 4 orders: −$102.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$125.92
Costs to cover: 1.291%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; Bitget: live order book, 42 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, 37 min ago	7.16 bp	41.4 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 42 min ago	7.15 bp	25.9 bp −$26	95.8 bp −$958	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 −0.0498% / S +0.0175%	1h	0.2765	+0.100%	$4K	—	50x	as long as short
Phoenix MET	−0.0029%	1h	0.2770	+0.290%	$13K	$15K	5x	as long as short
BloFin MET-USDT	+0.0080%	4h	0.2772	+0.362%	$283K	$88K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2765	+0.112%	$169K	$424K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2766	+0.135%	$3.7M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2765	+0.109%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2765	+0.109%	$4.7M	$12.1M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2763	+0.036%	$4.8M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2767	+0.181%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2762	long leg	$179K	$174K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2764	+0.072%	$928K	$282K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2764	+0.072%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDTshort	+0.0100%	4h	0.2764	+0.072%	$658K	$864K	25x
Backpack MET_USDC_PERP	+0.0100%	1h	0.2765	+0.094%	$313K	$272K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2768	+0.217%	$35K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2763	+0.036%	$2K	$1.6M	20x	as long as short