Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1823%/8h= +199.6% APRpaid last 24h +0.083%

Price spread now: MEXC against GMX+0.021%7-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 MEXC

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

Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and MEXC is 0.021% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MET/USD [WBTC.b-USDC]	0.2840	L −0.1723% / S +0.0247%	get 0.0215% / 1h	58m 57s	$10K	—	50x
Short	MEXC MET_USDT	0.2841	0.0100	get 0.0050% / 4h	3h 58m	$1.0M	$276K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.021%Rate

Funding earned: $382.75
Price spread: +0.021% → 0.000%: $2.15
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: $368.9
Costs to cover: 0.160%
Break-even: 0.3 days

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	1.75 bp	8.8 bp −$9	26.1 bp −$261	206.9 bp −$20.7K	598.6 bp −$299.3K

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 −0.1723% / S +0.0247%	1h	0.2840	long leg	$10K	—	50x
Phoenix MET	−0.0112%	1h	0.2846	+0.190%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0073%	4h	0.2843	+0.092%	$294K	$83K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2839	−0.038%	$4.2M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2842	+0.070%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2840	−0.025%	$5.0M	$11.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2839	−0.049%	$4.9M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2841	+0.021%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2841	+0.021%	$193K	$185K	50x	as long as short
MEXC MET_USDTshort	+0.0100%	4h	0.2841	+0.021%	$1.0M	$276K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2843	+0.092%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2842	+0.057%	$681K	$878K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2843	+0.092%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2840	−0.014%	$2K	$1.6M	20x	as long as short
Lighter MET	+0.0128%	1h	0.2847	+0.219%	$248K	$268K	5x	as long as short
Backpack MET_USDC_PERP	+0.0260%	1h	0.2841	+0.029%	$331K	$262K	5x	as long as short