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: Binance against SunX+0.032%7-day average −0.052% · you sell dearer than you buy

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

Long on SunX Short on Binance

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)−0.718%−$72 · spread now +0.032%, 7d avg −0.052%

Together, before fees−0.809%−$81 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: Binance is 0.084% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MET-USDT	0.2838	0.0100	pay 0.0050% / 4h	1h 40m	$2K	$1.6M	20x
Short	Binance METUSDT	0.2839	0.0100	get 0.0050% / 4h	1h 40m	$4.9M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.052%: $8.39
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$9.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Binance: live order book, 15 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 SunX live order book, 5 min ago	500.70 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.76 bp	20.1 bp −$20	110.9 bp −$1,109	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	0.2839	+0.043%	$10K	—	50x	as long as short
Phoenix MET	−0.0114%	1h	0.2825	−0.444%	$14K	$13K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2846	+0.278%	$262K	$244K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2839	+0.020%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2844	+0.211%	$53K	$10K	5x	as long as short
Binance METUSDTshort	+0.0100%	4h	0.2839	+0.032%	$4.9M	$11.1M	50x
Bybit METUSDT	+0.0100%	4h	0.2842	+0.144%	$4.9M	$2.9M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2838	0.000%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2842	+0.141%	$193K	$187K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2840	+0.070%	$949K	$262K	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	0.2843	+0.176%	$1.3M	$2.4M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2844	+0.211%	$668K	$847K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2831	−0.247%	$37K	$111K	50x	as long as short
SunX MET-USDTlong	+0.0100%	4h	0.2838	long leg	$2K	$1.6M	20x
BloFin MET-USDT	+0.0104%	4h	0.2839	+0.035%	$289K	$79K	50x	as long as short
Backpack MET_USDC_PERP	+0.0782%	1h	0.2840	+0.070%	$330K	$256K	5x	as long as short