Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0314%/8h= −34.4% APRpaid last 24h −0.078%

Price spread now: GMX against Aster−0.080%7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.080% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METUSDT	0.2713	0.0100	pay 0.0050% / 4h	20m 47s	$51K	$11K	5x
Short	GMX MET/USD [WBTC.b-USDC]	0.2710	L −0.0738% / S +0.0214%	pay 0.0027% / 1h	20m 47s	$4K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$66.03
Price spread: −0.080% → 0.000%: −$8
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$94.03
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; GMX: no order-book sample. 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 Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]short	L −0.0738% / S +0.0214%	1h	0.2710	−0.080%	$4K	—	50x
Phoenix MET	−0.0059%	1h	0.2706	−0.241%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2712	−0.027%	$165K	$438K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2712	−0.016%	$3.6M	$1.9M	3x	as long as short
Aster METUSDTlong	+0.0100%	4h	0.2713	long leg	$51K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2711	−0.056%	$4.5M	$12.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2712	−0.016%	$4.6M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2713	+0.013%	$1.1M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2711	−0.060%	$170K	$190K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2712	−0.024%	$806K	$287K	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	0.2711	−0.060%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2712	−0.024%	$673K	$963K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2714	+0.046%	$310K	$254K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2702	−0.392%	$33K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2711	−0.060%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0132%	4h	0.2707	−0.208%	$269K	$89K	50x	as long as short