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: SunX against KuCoin−0.036%7-day average −0.007% · you buy dearer than you sell

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 3 days (all we have)+0.297%+$30 · spread now −0.036%, 7d avg −0.007%

Together, before fees+0.583%+$58 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: SunX is 0.029% 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 −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METUSDTM	0.2781	0.0100	pay 0.0050% / 4h	2h 03m	$1.3M	$2.6M	50x
Short	SunX MET-USDT	0.2780	0.0100	get 0.0050% / 4h	2h 03m	$2K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.007%: −$2.93
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$22.93
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; SunX: live order book, 12 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 KuCoin live order book, 4 min ago	5.41 bp	89.5 bp −$89	326.4 bp −$3,264	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	501.79 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

MET on 15 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 −0.1415% / S +0.0215%	1h	0.2779	−0.055%	$9K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2774	−0.234%	$14K	$15K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2781	0.000%	$168K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2780	−0.036%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2782	+0.041%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2781	−0.009%	$4.8M	$12.2M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2780	−0.040%	$4.8M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2779	−0.072%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2780	−0.036%	$179K	$183K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2780	−0.036%	$930K	$287K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMlong	+0.0100%	4h	0.2781	long leg	$1.3M	$2.6M	50x
Bitget METUSDT	+0.0100%	4h	0.2781	0.000%	$650K	$892K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2782	+0.018%	$316K	$282K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2772	−0.324%	$35K	$117K	50x	as long as short
SunX MET-USDTshort	+0.0100%	4h	0.2780	−0.036%	$2K	$1.6M	20x