Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.030%

Price spread now: GMX against MEXC+0.224%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.224% dearer against MEXC than usual: you sell high and buy low (spread +0.224% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MET_USDT	0.2842	0.0100	pay 0.0050% / 4h	3h 59m	$1.0M	$276K	20x
Short	GMX MET/USD [WBTC.b-USDC]	0.2848	L −0.1723% / S +0.0247%	pay 0.0031% / 1h	59m 32s	$10K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.224%Rate

Funding earned: −$72.8
Price spread: +0.224% → 0.000%: $22.41
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$66.38
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; GMX: no order-book sample. 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 MEXC live order book, 1 min ago	1.75 bp	8.0 bp −$8	40.4 bp −$404	233.6 bp −$23.4K	599.1 bp −$299.5K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]short	L −0.1723% / S +0.0247%	1h	0.2848	+0.224%	$10K	—	50x
Phoenix MET	−0.0112%	1h	0.2846	+0.134%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0056%	4h	0.2846	+0.141%	$294K	$83K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2842	+0.004%	$4.2M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2843	+0.045%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2841	−0.050%	$5.0M	$11.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2840	−0.070%	$4.9M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2842	0.000%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2844	+0.070%	$193K	$185K	50x	as long as short
MEXC MET_USDTlong	+0.0100%	4h	0.2842	long leg	$1.0M	$276K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2846	+0.141%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2844	+0.070%	$681K	$878K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2843	+0.035%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2848	+0.211%	$2K	$1.6M	20x	as long as short
Lighter MET	+0.0160%	1h	0.2848	+0.201%	$249K	$268K	5x	as long as short
Backpack MET_USDC_PERP	+0.0479%	1h	0.2849	+0.246%	$332K	$262K	5x	as long as short