Funding arb · Price arb /

MET

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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: OKX against SunX+0.037%7-day average −0.025% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.356%−$36 · spread now +0.037%, 7d avg −0.025%

Together, before fees−0.394%−$39 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 0.062% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MET-USDT	0.2718	0.0100	pay 0.0050% / 4h	42m 37s	$2K	$1.6M	20x
Short	OKX MET-USDT-SWAP	0.2719	0.0100	get 0.0050% / 4h	42m 37s	$1.2M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.025%: $6.19
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.81
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 13 min ago; OKX: live order book, 5 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, 13 min ago	501.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	5.51 bp	23.8 bp −$24	124.5 bp −$1,245	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 −0.0599% / S +0.0178%	1h	0.2719	+0.019%	$4K	—	50x	as long as short
Phoenix MET	−0.0059%	1h	0.2719	+0.029%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0070%	4h	0.2718	0.000%	$270K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2723	+0.188%	$165K	$436K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2716	−0.074%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2718	0.000%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2716	−0.074%	$4.5M	$12.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2716	−0.088%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2719	+0.037%	$1.2M	$3.3M	20x
Gate MET_USDT	+0.0100%	4h	0.2717	−0.037%	$170K	$190K	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_USDT	+0.0100%	4h	0.2717	−0.037%	$807K	$286K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2719	+0.037%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2718	0.000%	$676K	$962K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2720	+0.066%	$311K	$285K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2713	−0.184%	$34K	$119K	50x	as long as short
SunX MET-USDTlong	+0.0100%	4h	0.2718	long leg	$2K	$1.6M	20x