Settings8H · net · $10k
Funding arb · Price arb /

MET

all MET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.081%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$510.506% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 7 days−0.024%−$2 · spread now +0.081%, 7d avg +0.066%
Together, before fees−0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC MET_USDT0.28520.0100pay 0.0050% / 4h3h 43m$1.0M$277K20x
ShortHyperliquid MET0.28540.0100get 0.0013% / 1h43m 07s$4.2M$1.4M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.081% → +0.066%
$1.49
Slippage, 4 orders
−$37.55
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$49.06
Costs to cover
0.506%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago1.75 bp10.7 bp −$1148.2 bp −$482249.8 bp −$25.0K836.2 bp −$418.1K
Sell Hyperliquid live order book, 8 min ago0.88 bp16.0 bp −$16doesn't fitdoesn't fitdoesn't fit

MET on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MET/USD [WBTC.b-USDC]L −0.1723% / S +0.0247%1h0.2851−0.046%$10K50xas long as short
Hyperliquid METshort+0.0100%1h0.2854+0.081%$4.2M$1.4M3x
Aster METUSDT+0.0100%4h0.2852+0.017%$54K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2853+0.037%$5.0M$11.8M50xas long as short
Bybit METUSDT+0.0100%4h0.2852−0.011%$5.0M$3.1M25xas long as short
OKX MET-USDT-SWAP+0.0100%4h0.2855+0.105%$1.3M$3.4M20xas long as short
Gate MET_USDT+0.0100%4h0.2851−0.035%$193K$185K50xas long as short
MEXC MET_USDTlong+0.0100%4h0.2852long leg$1.0M$277K20x
KuCoin METUSDTM+0.0100%4h0.2853+0.035%$1.3M$2.6M50xas long as short
Bitget METUSDT+0.0100%4h0.2854+0.070%$684K$880K25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni METUSDT+0.0100%1h0.2847−0.175%$36K$116K50xas long as short
SunX MET-USDT+0.0100%4h0.2851−0.035%$1K$1.6M20xas long as short
BloFin MET-USDT+0.0134%4h0.28520.000%$294K$83K50xas long as short
Phoenix MET+0.0197%1h0.2850−0.084%$15K$15K5xas long as short
Lighter MET+0.0512%1h0.2860+0.288%$257K$278K5xas long as short
Backpack MET_USDC_PERP+0.0531%1h0.2855+0.095%$333K$263K5xas long as short