Funding arb · Price arb /

MET

all MET markets

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: MEXC against Gate+0.035%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1351.354% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.035%, 7d avg −0.006%

Together, before fees−0.090%−$9 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: MEXC is 0.041% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MET_USDT	0.2847	0.0100	pay 0.0050% / 4h	7m 03s	$193K	$190K	50x
Short	MEXC MET_USDT	0.2848	0.0100	get 0.0050% / 4h	7m 03s	$1.0M	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.006%: $4.09
Slippage, 4 orders: −$116.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$131.28
Costs to cover: 1.354%
Break-even: never at this rate

Slippage from Gate: live order book, 64 min ago; MEXC: live order book, 3 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, 64 min ago	7.01 bp	61.7 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.75 bp	8.6 bp −$9	33.6 bp −$336	205.1 bp −$20.5K	731.7 bp −$365.9K

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	0.2844	−0.117%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2848	+0.049%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0062%	4h	0.2844	−0.105%	$294K	$83K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2851	+0.126%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2850	+0.114%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2849	+0.070%	$5.0M	$11.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2847	−0.014%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2850	+0.105%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2847	long leg	$193K	$190K	50x
MEXC MET_USDTshort	+0.0100%	4h	0.2848	+0.035%	$1.0M	$280K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2848	+0.035%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2849	+0.070%	$685K	$874K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2844	−0.105%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2845	−0.070%	$1K	$1.6M	20x	as long as short
Lighter MET	+0.0216%	1h	0.2852	+0.172%	$249K	$268K	5x	as long as short
Backpack MET_USDC_PERP	+0.0480%	1h	0.2851	+0.130%	$332K	$262K	5x	as long as short