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: OKX 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 OKX

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 +$18 a day on $10k at the current rate, and OKX 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]	0.2777	L −0.0498% / S +0.0175%	get 0.0062% / 1h	46m 38s	$4K	—	50x
Short	OKX MET-USDT-SWAP	0.2778	0.0100	get 0.0050% / 4h	46m 38s	$1.2M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $125.57
Price spread: +0.021% → 0.000%: $2.05
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $105.62
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: GMX: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	7.20 bp	24.8 bp −$25	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 −0.0498% / S +0.0175%	1h	0.2777	long leg	$4K	—	50x
Phoenix MET	0.0000%	1h	0.2774	−0.109%	$14K	$15K	5x	as long as short
Bybit METUSDT	+0.0026%	4h	0.2777	−0.015%	$4.8M	$3.2M	25x	as long as short
BloFin MET-USDT	+0.0071%	4h	0.2775	−0.087%	$284K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2775	−0.091%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2778	+0.006%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2777	−0.015%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2777	−0.015%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2778	+0.021%	$1.2M	$3.3M	20x
Gate MET_USDT	+0.0100%	4h	0.2776	−0.051%	$178K	$171K	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	0.2777	−0.015%	$933K	$280K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2779	+0.057%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2779	+0.057%	$650K	$865K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2778	+0.013%	$315K	$310K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2772	−0.196%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2777	−0.015%	$2K	$1.6M	20x	as long as short