Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.072%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$348as in the Funding arb table

Net, price: spread back to 7d avg − costs−$318as in the Price arb table

costs, in and out, $10k−$3213.212% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.072%, 7d avg +0.041%

Together, before fees−0.183%−$18 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: KuCoin is 0.031% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MET_USDT	0.2775	0.0100	pay 0.0050% / 4h	47m 59s	$178K	$171K	50x
Short	KuCoin METUSDTM	0.2777	0.0100	get 0.0050% / 4h	47m 59s	$1.3M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.041%: $3.15
Slippage, 4 orders: −$294.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$318.04
Costs to cover: 3.212%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 4 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, 3 min ago	7.19 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	7.18 bp	130.3 bp −$130	388.3 bp −$3,883	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	0.2775	−0.014%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2786	+0.382%	$14K	$15K	5x	as long as short
Bybit METUSDT	+0.0021%	4h	0.2774	−0.036%	$4.8M	$3.2M	25x	as long as short
BloFin MET-USDT	+0.0069%	4h	0.2777	+0.072%	$284K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2775	−0.007%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2777	+0.058%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2778	+0.094%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2775	0.000%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2776	+0.036%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2775	long leg	$178K	$171K	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	0.2776	+0.036%	$933K	$280K	20x	as long as short
KuCoin METUSDTMshort	+0.0100%	4h	0.2777	+0.072%	$1.3M	$2.6M	50x
Bitget METUSDT	+0.0100%	4h	0.2777	+0.072%	$649K	$865K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2776	+0.047%	$315K	$310K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2778	+0.108%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2776	+0.036%	$2K	$1.6M	20x	as long as short