Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against MEXC0.000%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.016%+$2 · spread now 0.000%, 7d avg +0.031%

Together, before fees+0.065%+$6 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: OKX is 0.031% cheaper against MEXC than usual: you would sell low and buy high, −$3 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	0.2846	0.0100	pay 0.0050% / 4h	3h 38m	$1.0M	$277K	20x
Short	OKX MET-USDT-SWAP	0.2846	0.0100	get 0.0050% / 4h	3h 38m	$1.3M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.031%: −$3.07
Slippage, 4 orders: −$52.68
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$69.75
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	3.51 bp	11.1 bp −$11	39.5 bp −$395	240.7 bp −$24.1K	783.3 bp −$391.6K
Sell OKX live order book, 4 min ago	3.50 bp	23.8 bp −$24	72.8 bp −$728	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 −0.1723% / S +0.0247%	1h	0.2845	−0.020%	$10K	—	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2848	+0.077%	$4.2M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2847	+0.036%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2846	0.000%	$5.0M	$11.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2843	−0.098%	$4.9M	$3.1M	25x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2846	0.000%	$1.3M	$3.4M	20x
Gate MET_USDT	+0.0100%	4h	0.2847	+0.035%	$193K	$185K	50x	as long as short
MEXC MET_USDTlong	+0.0100%	4h	0.2846	long leg	$1.0M	$277K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2847	+0.035%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2848	+0.070%	$683K	$880K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni METUSDT	+0.0100%	1h	0.2846	0.000%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2846	0.000%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0127%	4h	0.2854	+0.281%	$294K	$88K	50x	as long as short
Phoenix MET	+0.0197%	1h	0.2853	+0.246%	$15K	$15K	5x	as long as short
Lighter MET	+0.0568%	1h	0.2853	+0.264%	$256K	$278K	5x	as long as short
Backpack MET_USDC_PERP	+0.0571%	1h	0.2849	+0.095%	$333K	$264K	5x	as long as short