Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against MEXC−0.172%7-day average +0.036% · you buy dearer than you sell

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.670%+$67 · spread now −0.172%, 7d avg +0.036%

Together, before fees+0.761%+$76 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: SunX is 0.208% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MET_USDT	0.2904	0.0100	pay 0.0050% / 4h	47m 48s	$1.0M	$276K	20x
Short	SunX MET-USDT	0.2899	0.0100	get 0.0050% / 4h	47m 48s	$2K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $0
Price spread: −0.172% → +0.036%: −$20.82
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.82
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 27 min ago; SunX: live order book, 7 min ago. 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, 27 min ago	1.75 bp	9.2 bp −$9	40.3 bp −$403	214.2 bp −$21.4K	592.7 bp −$296.3K
Sell SunX live order book, 7 min ago	502.43 bp	doesn't fit	doesn't fit	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	0.2902	−0.059%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2895	−0.317%	$14K	$13K	5x	as long as short
BloFin MET-USDT	+0.0051%	4h	0.2895	−0.310%	$295K	$84K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2905	+0.038%	$4.4M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2904	−0.003%	$55K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2902	−0.069%	$5.2M	$11.5M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2902	−0.059%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2905	+0.034%	$1.3M	$3.5M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2904	0.000%	$197K	$188K	50x	as long as short
MEXC MET_USDTlong	+0.0100%	4h	0.2904	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	0.2904	0.000%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2906	+0.069%	$698K	$860K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2889	−0.517%	$37K	$112K	50x	as long as short
SunX MET-USDTshort	+0.0100%	4h	0.2899	−0.172%	$2K	$1.6M	20x
Lighter MET	+0.0272%	1h	0.2912	+0.272%	$269K	$248K	5x	as long as short
Backpack MET_USDC_PERP	+0.1569%	1h	0.2907	+0.107%	$338K	$258K	5x	as long as short