Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0598%/8h= +65.5% APRpaid last 24h +0.171%

Price spread now: Binance against GMX−0.006%50s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Binance

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$18 a day on $10k at the current rate. The two prices were read 50 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]	0.2785	L −0.0498% / S +0.0175%	get 0.0062% / 1h	2m 36s	$4K	—	50x
Short	Binance METUSDT	0.2785	0.0100	get 0.0050% / 4h	2m 36s	$4.8M	$12.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.006%Rate

Funding earned: $125.57
Price spread: −0.006% → 0.000%: −$0.58
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $102.99
Costs to cover: 0.220%
Break-even: 1.3 days

Slippage unknown: GMX: no order-book sample; Binance: live order book, 8 min ago. 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 Binance live order book, 8 min ago	1.80 bp	19.8 bp −$20	87.8 bp −$878	doesn't fit	doesn't fit

GMX: 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 −0.0498% / S +0.0175%	1h	0.2785	long leg	$4K	—	50x
Phoenix MET	0.0000%	1h	0.2783	−0.082%	$14K	$15K	5x	as long as short
BloFin MET-USDT	+0.0077%	4h	0.2780	−0.182%	$284K	$89K	50x	as long as short
Bybit METUSDT	+0.0095%	4h	0.2783	−0.075%	$4.8M	$3.1M	25x	as long as short
Lighter MET	+0.0096%	1h	0.2785	+0.001%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2786	+0.033%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2781	−0.139%	$52K	$11K	5x	as long as short
Binance METUSDTshort	+0.0100%	4h	0.2785	−0.006%	$4.8M	$12.1M	50x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2789	+0.141%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2780	−0.182%	$178K	$173K	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	0.2784	−0.039%	$936K	$282K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2784	−0.039%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2784	−0.039%	$651K	$863K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2787	+0.083%	$317K	$305K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2774	−0.398%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2785	−0.003%	$2K	$1.6M	20x	as long as short