Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against KuCoin+0.056%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.056% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it 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	KuCoin METUSDTM	0.2749	0.0100	pay 0.0050% / 4h	1h 59m	$1.3M	$2.7M	50x
Short	Aster METUSDT	0.2751	0.0100	get 0.0050% / 4h	1h 59m	$52K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → 0.000%: $5.63
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; Aster: no order-book sample. 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 KuCoin live order book, 8 min ago	5.45 bp	81.7 bp −$82	461.2 bp −$4,612	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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]	L −0.0738% / S +0.0214%	1h	0.2745	−0.160%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2753	+0.138%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0054%	4h	0.2746	−0.109%	$274K	$94K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2750	+0.022%	$168K	$420K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2749	0.000%	$3.6M	$1.9M	3x	as long as short
Aster METUSDTshort	+0.0100%	4h	0.2751	+0.056%	$52K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2750	+0.036%	$4.7M	$12.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2745	−0.146%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2751	+0.073%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2748	−0.036%	$171K	$194K	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	0.2748	−0.036%	$846K	$288K	20x	as long as short
KuCoin METUSDTMlong	+0.0100%	4h	0.2749	long leg	$1.3M	$2.7M	50x
Bitget METUSDT	+0.0100%	4h	0.2751	+0.073%	$691K	$961K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2751	+0.080%	$310K	$280K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2745	−0.146%	$34K	$120K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2745	−0.146%	$2K	$1.6M	20x	as long as short