Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.109%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$710.706% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.109%, 7d avg +0.045%

Together, before fees−0.108%−$11 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: Bitget is 0.064% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MET_USDT	0.2754	0.0100	pay 0.0050% / 4h	3h 40m	$846K	$289K	20x
Short	Bitget METUSDT	0.2757	0.0100	get 0.0050% / 4h	3h 40m	$686K	$918K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.045%: $6.44
Slippage, 4 orders: −$54.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$64.19
Costs to cover: 0.706%
Break-even: never at this rate

Slippage from MEXC: live order book, 61 min ago; Bitget: live order book, 56 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, 61 min ago	3.69 bp	8.7 bp −$9	33.4 bp −$334	197.1 bp −$19.7K	758.1 bp −$379.0K
Sell Bitget live order book, 56 min ago	7.39 bp	30.8 bp −$31	99.4 bp −$994	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 −0.0738% / S +0.0214%	1h	0.2757	+0.118%	$4K	—	50x	as long as short
Phoenix MET	−0.0206%	1h	0.2758	+0.145%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2760	+0.207%	$170K	$435K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2756	+0.076%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2756	+0.072%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2755	+0.036%	$4.6M	$12.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2754	+0.007%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2757	+0.109%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2756	+0.073%	$174K	$168K	50x	as long as short
MEXC MET_USDTlong	+0.0100%	4h	0.2754	long leg	$846K	$289K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2756	+0.073%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDTshort	+0.0100%	4h	0.2757	+0.109%	$686K	$918K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2750	−0.145%	$34K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2753	−0.036%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0132%	4h	0.2754	0.000%	$271K	$91K	50x	as long as short
Backpack MET_USDC_PERP	+0.0312%	1h	0.2757	+0.116%	$315K	$249K	5x	as long as short