Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.065%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1231.225% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.065%, 7d avg +0.022%

Together, before fees−0.006%−$1 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: Bybit is 0.087% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MET-USDT-SWAP	0.2756	0.0100	pay 0.0050% / 4h	3h 39m	$1.2M	$3.2M	20x
Short	Bybit METUSDT	0.2754	0.0100	get 0.0050% / 4h	3h 39m	$4.7M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.022%: −$8.73
Slippage, 4 orders: −$101.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$131.25
Costs to cover: 1.225%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 3 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 OKX live order book, 2 min ago	5.44 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.82 bp	38.6 bp −$39	179.1 bp −$1,791	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 −0.0738% / S +0.0214%	1h	0.2757	+0.046%	$4K	—	50x	as long as short
Phoenix MET	−0.0206%	1h	0.2758	+0.073%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2760	+0.134%	$170K	$435K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2755	−0.025%	$3.6M	$1.8M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2756	−0.001%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2754	−0.086%	$4.6M	$12.6M	50x	as long as short
Bybit METUSDTshort	+0.0100%	4h	0.2754	−0.065%	$4.7M	$3.3M	25x
OKX MET-USDT-SWAPlong	+0.0100%	4h	0.2756	long leg	$1.2M	$3.2M	20x
Gate MET_USDT	+0.0100%	4h	0.2756	0.000%	$174K	$168K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2755	−0.036%	$846K	$289K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2756	0.000%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2757	+0.036%	$686K	$918K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2750	−0.218%	$34K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2753	−0.109%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0132%	4h	0.2754	−0.073%	$271K	$91K	50x	as long as short
Backpack MET_USDC_PERP	+0.0312%	1h	0.2757	+0.044%	$315K	$249K	5x	as long as short