MET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.072%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$282as in the Funding arb table

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$2952.954% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 7 days+0.103%+$10 · spread now −0.072%, 7d avg +0.025%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.096% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.135%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METUSDTM	0.2791	0.0100	pay 0.0050% / 4h	1h 14m	$1.3M	$2.6M	50x
Short	Bybit METUSDT	0.2789	0.0089	get 0.0045% / 4h	1h 14m	$4.8M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$2.29
Price spread: −0.072% → +0.025%: −$9.63
Slippage, 4 orders: −$272.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$307.32
Costs to cover: 2.954%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 4 min ago.

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, 3 min ago	5.36 bp	100.9 bp −$101	409.3 bp −$4,093	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.79 bp	40.5 bp −$40	174.9 bp −$1,749	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 −0.0599% / S +0.0206%	1h	0.2789	−0.077%	$4K	—	50x	as long as short
Bybit METUSDTshort	+0.0089%	4h	0.2789	−0.072%	$4.8M	$3.2M	25x
Lighter MET	+0.0096%	1h	0.2790	−0.050%	$169K	$423K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2790	−0.047%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2790	−0.026%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2790	−0.036%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2789	−0.072%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2791	0.000%	$180K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2789	−0.072%	$938K	$284K	20x	as long as short
KuCoin METUSDTMlong	+0.0100%	4h	0.2791	long leg	$1.3M	$2.6M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2792	+0.036%	$654K	$888K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2789	−0.072%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2788	−0.107%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0114%	4h	0.2791	0.000%	$285K	$90K	50x	as long as short
Phoenix MET	+0.0173%	1h	0.2804	+0.462%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0391%	1h	0.2791	−0.014%	$315K	$310K	5x	as long as short