Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.054%
Price spread now: Backpack against MEXC+0.065%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$490.495% of the position
Funding, last 7 days+0.431%+$43 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.065%, 7d avg +0.064%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MET_USDT | 0.2774 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $921K | $285K | 20x |
| Short | Backpack MET_USDC_PERP | 0.2776 | 0.0100 | get 0.0013% / 1h | 8m 16s | $315K | $283K | 5x |
MEXC MET_USDT
Backpack MET_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.065% → +0.064%
- $0.08
- Slippage, 4 orders
- −$35.47
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$49.39
- Costs to cover
- 0.495%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 63 min ago; Backpack: live order book, 60 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 MEXC live order book, 63 min ago | 3.51 bp | 13.8 bp −$14 | 45.7 bp −$457 | 198.2 bp −$19.8K | 653.7 bp −$326.8K |
| Sell Backpack live order book, 60 min ago | 1.23 bp | 13.5 bp −$14 | 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 | 0.2775 | +0.040% | $9K | — | 50x | as long as short |
| Phoenix MET | 0.0000% | 1h | 0.2786 | +0.436% | $14K | $15K | 5x | as long as short |
| Lighter MET | +0.0096% | 1h | 0.2775 | +0.036% | $168K | $421K | 5x | as long as short |
| Hyperliquid MET | +0.0100% | 1h | 0.2774 | +0.018% | $3.8M | $1.7M | 3x | as long as short |
| Aster METUSDT | +0.0100% | 4h | 0.2769 | −0.186% | $52K | $11K | 5x | as long as short |
| Binance METUSDT | +0.0100% | 4h | 0.2775 | +0.030% | $4.8M | $12.2M | 50x | as long as short |
| Bybit METUSDT | +0.0100% | 4h | 0.2773 | −0.050% | $4.8M | $3.1M | 25x | as long as short |
| OKX MET-USDT-SWAP | +0.0100% | 4h | 0.2775 | +0.036% | $1.2M | $3.4M | 20x | as long as short |
| Gate MET_USDT | +0.0100% | 4h | 0.2774 | 0.000% | $179K | $183K | 50x | as long as short |
| MEXC MET_USDTlong | +0.0100% | 4h | 0.2774 | long leg | $921K | $285K | 20x |
GMX MET/USD [WBTC.b-USDC]
Phoenix MET
Lighter MET
Hyperliquid MET
Aster METUSDT
Binance METUSDT
Bybit METUSDT
OKX MET-USDT-SWAP
Gate MET_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin METUSDTM | +0.0100% | 4h | 0.2774 | 0.000% | $1.3M | $2.6M | 50x | as long as short |
| Bitget METUSDT | +0.0100% | 4h | 0.2777 | +0.108% | $649K | $894K | 25x | as long as short |
| Backpack MET_USDC_PERPshort | +0.0100% | 1h | 0.2776 | +0.065% | $315K | $283K | 5x | |
| ApeX Omni METUSDT | +0.0100% | 1h | 0.2773 | −0.036% | $35K | $117K | 50x | as long as short |
| SunX MET-USDT | +0.0100% | 4h | 0.2772 | −0.072% | $2K | $1.6M | 20x | as long as short |
KuCoin METUSDTM
Bitget METUSDT
ApeX Omni METUSDT
SunX MET-USDT