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: MEXC against OKX−0.220%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days+0.162%+$16 · spread now −0.220%, 7d avg −0.032%

Together, before fees+0.132%+$13 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: MEXC is 0.188% cheaper against OKX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MET-USDT-SWAP	0.2731	0.0100	pay 0.0050% / 4h	1h 06m	$1.2M	$3.3M	20x
Short	MEXC MET_USDT	0.2725	0.0100	get 0.0050% / 4h	1h 06m	$844K	$293K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.220%Rate

Funding earned: $0
Price spread: −0.220% → −0.032%: −$18.81
Slippage, 4 orders: −$42.18
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$74.99
Costs to cover: 0.562%
Break-even: never at this rate

Slippage from OKX: live order book, just now; MEXC: live order book, 39 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, just now	5.50 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 39 min ago	1.84 bp	8.4 bp −$8	27.3 bp −$273	182.5 bp −$18.3K	622.0 bp −$311.0K

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	0.2729	−0.079%	$4K	—	50x	as long as short
Phoenix MET	−0.0029%	1h	0.2724	−0.264%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0076%	4h	0.2724	−0.256%	$273K	$91K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2733	+0.062%	$165K	$438K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2729	−0.081%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2728	−0.119%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2728	−0.118%	$4.6M	$12.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2725	−0.231%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAPlong	+0.0100%	4h	0.2731	long leg	$1.2M	$3.3M	20x
Gate MET_USDT	+0.0100%	4h	0.2724	−0.256%	$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_USDTshort	+0.0100%	4h	0.2725	−0.220%	$844K	$293K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2725	−0.220%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2729	−0.073%	$667K	$958K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2730	−0.022%	$308K	$276K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2720	−0.403%	$34K	$120K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2729	−0.073%	$2K	$1.6M	20x	as long as short