Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1143%/8h= +125.2% APRpaid last 24h +0.027%

Price spread now: Gate against GMX−0.012%7-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 Gate

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: +$34 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MET/USD [WBTC.b-USDC]	0.2812	L −0.1043% / S +0.0176%	get 0.0130% / 1h	38m 45s	$9K	—	50x
Short	Gate MET_USDT	0.2812	0.0100	get 0.0050% / 4h	2h 38m	$192K	$194K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.012%Rate

Funding earned: $240.04
Price spread: −0.012% → 0.000%: −$1.17
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $211.86
Costs to cover: 0.270%
Break-even: 0.8 days

Slippage unknown: GMX: no order-book sample; Gate: live order book, 45 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 Gate live order book, 45 min ago	7.07 bp	52.3 bp −$52	doesn't fit	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 −0.1043% / S +0.0176%	1h	0.2812	long leg	$9K	—	50x
Phoenix MET	−0.0197%	1h	0.2826	+0.468%	$14K	$13K	5x	as long as short
BloFin MET-USDT	+0.0080%	4h	0.2812	−0.012%	$289K	$80K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2820	+0.259%	$260K	$243K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2814	+0.049%	$4.3M	$1.2M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2813	+0.041%	$52K	$10K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2812	+0.005%	$4.9M	$11.0M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2813	+0.024%	$4.9M	$2.8M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2812	−0.012%	$1.3M	$3.3M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2812	−0.012%	$192K	$194K	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	0.2812	−0.012%	$926K	$259K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2812	−0.012%	$1.3M	$2.4M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2813	+0.024%	$661K	$845K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2818	+0.202%	$37K	$110K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2816	+0.130%	$2K	$1.6M	20x	as long as short
Backpack MET_USDC_PERP	+0.0314%	1h	0.2814	+0.045%	$329K	$252K	5x	as long as short