Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC+0.147%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1551.548% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 7 days−0.147%−$15 · spread now +0.147%, 7d avg +0.031%

Together, before fees−0.348%−$35 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: KuCoin is 0.116% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MET_USDT	0.2720	0.0100	pay 0.0050% / 4h	1h 04m	$842K	$293K	20x
Short	KuCoin METUSDTM	0.2724	0.0100	get 0.0050% / 4h	1h 04m	$1.3M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.031%: $11.64
Slippage, 4 orders: −$138.82
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$143.18
Costs to cover: 1.548%
Break-even: never at this rate

Slippage from MEXC: live order book, 41 min ago; KuCoin: live order book, 2 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, 41 min ago	1.84 bp	6.9 bp −$7	27.1 bp −$271	181.7 bp −$18.2K	609.6 bp −$304.8K
Sell KuCoin live order book, 2 min ago	5.50 bp	75.6 bp −$76	439.3 bp −$4,393	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 −0.0599% / S +0.0178%	1h	0.2726	+0.212%	$4K	—	50x	as long as short
Phoenix MET	−0.0029%	1h	0.2728	+0.290%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0066%	4h	0.2726	+0.221%	$272K	$91K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2725	+0.173%	$165K	$438K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2724	+0.158%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2724	+0.155%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2721	+0.037%	$4.6M	$12.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2724	+0.143%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2723	+0.110%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2723	+0.110%	$170K	$195K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDTlong	+0.0100%	4h	0.2720	long leg	$842K	$293K	20x
KuCoin METUSDTMshort	+0.0100%	4h	0.2724	+0.147%	$1.3M	$2.7M	50x
Bitget METUSDT	+0.0100%	4h	0.2725	+0.184%	$667K	$958K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2727	+0.268%	$308K	$275K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2720	0.000%	$34K	$120K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2726	+0.221%	$2K	$1.6M	20x	as long as short