Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1130%/8h= +123.8% APRpaid last 24h +0.027%

Price spread now: Aster against GMX+0.105%51s7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Aster is 0.105% dearer against GMX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MET/USD [WBTC.b-USDC]	0.2822	L −0.1030% / S +0.0174%	get 0.0129% / 1h	39m 30s	$9K	—	50x
Short	Aster METUSDT	0.2825	0.0100	get 0.0050% / 4h	2h 39m	$52K	$10K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.105%Rate

Funding earned: $237.39
Price spread: +0.105% → 0.000%: $10.53
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $227.92
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

GMX and 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]long	L −0.1030% / S +0.0174%	1h	0.2822	long leg	$9K	—	50x
Phoenix MET	−0.0197%	1h	0.2826	+0.137%	$14K	$13K	5x	as long as short
BloFin MET-USDT	+0.0093%	4h	0.2820	−0.058%	$293K	$81K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2824	+0.091%	$260K	$243K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2816	−0.192%	$4.3M	$1.2M	3x	as long as short
Aster METUSDTshort	+0.0100%	4h	0.2825	+0.105%	$52K	$10K	5x
Binance METUSDT	+0.0100%	4h	0.2815	−0.235%	$4.9M	$11.0M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2814	−0.256%	$4.9M	$2.8M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2814	−0.270%	$1.3M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2820	−0.058%	$193K	$194K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2815	−0.235%	$927K	$259K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2817	−0.164%	$1.3M	$2.4M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2817	−0.164%	$662K	$845K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2818	−0.129%	$37K	$110K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2821	−0.022%	$2K	$1.6M	20x	as long as short
Backpack MET_USDC_PERP	+0.0343%	1h	0.2824	+0.070%	$330K	$252K	5x	as long as short