Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid+0.090%7-day average −0.020% · you sell dearer than you buy

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

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.090%, 7d avg −0.020%

Together, before fees+0.045%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.110% dearer against Hyperliquid than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MET	0.2769	0.0100	pay 0.0013% / 1h	57m 57s	$3.8M	$1.7M	3x
Short	Bitget METUSDT	0.2772	0.0100	get 0.0050% / 4h	57m 57s	$648K	$881K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → −0.020%: $11.03
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.97
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 min ago; Bitget: live order book, 63 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 Hyperliquid live order book, 4 min ago	1.26 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 63 min ago	7.19 bp	27.8 bp −$28	91.6 bp −$916	doesn't fit	doesn't fit

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]	L −0.0498% / S +0.0175%	1h	0.2771	+0.070%	$4K	—	50x	as long as short
Bybit METUSDT	+0.0019%	4h	0.2768	−0.040%	$4.8M	$3.2M	25x	as long as short
BloFin MET-USDT	+0.0048%	4h	0.2775	+0.199%	$286K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2770	+0.018%	$168K	$425K	5x	as long as short
Hyperliquid METlong	+0.0100%	1h	0.2769	long leg	$3.8M	$1.7M	3x
Aster METUSDT	+0.0100%	4h	0.2772	+0.102%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2768	−0.037%	$4.8M	$12.3M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2768	−0.054%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2771	+0.054%	$178K	$170K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2769	−0.018%	$931K	$279K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2772	+0.090%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDTshort	+0.0100%	4h	0.2772	+0.090%	$648K	$881K	25x
Backpack MET_USDC_PERP	+0.0100%	1h	0.2772	+0.083%	$314K	$312K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2772	+0.090%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2772	+0.090%	$2K	$1.6M	20x	as long as short
Phoenix MET	+0.0173%	1h	0.2771	+0.051%	$13K	$15K	5x	as long as short