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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.072%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$294as in the Funding arb table

Net, price: spread back to 7d avg − costs−$324as in the Price arb table

costs, in and out, $10k−$3213.212% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.072%, 7d avg −0.041%

Together, before fees+0.183%+$18 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: Gate is 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METUSDTM	0.2778	0.0100	pay 0.0050% / 4h	49m 21s	$1.3M	$2.6M	50x
Short	Gate MET_USDT	0.2776	0.0100	get 0.0050% / 4h	49m 21s	$178K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.041%: −$3.14
Slippage, 4 orders: −$294.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$324.33
Costs to cover: 3.212%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 2 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	7.18 bp	97.5 bp −$98	371.7 bp −$3,717	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	7.19 bp	48.4 bp −$48	doesn't fit	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	0.2775	−0.116%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2786	+0.274%	$14K	$15K	5x	as long as short
Bybit METUSDT	+0.0017%	4h	0.2774	−0.144%	$4.8M	$3.2M	25x	as long as short
BloFin MET-USDT	+0.0070%	4h	0.2782	+0.144%	$285K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2776	−0.072%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2776	−0.072%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2777	−0.036%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2774	−0.144%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2777	−0.036%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2776	−0.072%	$178K	$171K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2775	−0.108%	$932K	$280K	20x	as long as short
KuCoin METUSDTMlong	+0.0100%	4h	0.2778	long leg	$1.3M	$2.6M	50x
Bitget METUSDT	+0.0100%	4h	0.2777	−0.036%	$649K	$865K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2782	+0.133%	$315K	$310K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2778	0.000%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2775	−0.108%	$2K	$1.6M	20x	as long as short