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Funding arb /

MET

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC+0.0449%/8h
next payment, per $10,000+$0.56paid, last 24h−0.077%paid, last 7 days−0.450%to open and close $10k−$79
Long on BackpackShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack MET_USDC_PERP0.2719−0.0349get 0.0044% / 1h59m 58s$315K$252K5x
ShortHyperliquid MET0.27190.0100get 0.0013% / 1h59m 58s$4.1M$1.2M3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$94.23
Slippage, 4 orders
−$59.59
Fee Backpack: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$15.64
Break-even
5.8 days
Slippage from Backpack: live order book, 40 min ago; Hyperliquid: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.004%
Avg gap 7d
−0.006%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 40 min ago1.82 bp14.7 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago2.21 bp30.5 bp −$30doesn't fitdoesn't fitdoesn't fit

MET on 16 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix MET−0.0432%1h$13K$16K5xas long as short
Backpack MET_USDC_PERPlong−0.0349%1h$315K$252K5x
Bybit METUSDT−0.0102%4h$4.6M$3.0M25xas long as short
GMX MET/USD [WBTC.b-USDC]L +0.0093% / S +0.0101%1h$25K—50xas long as short
Hyperliquid METshort+0.0100%1h$4.1M$1.2M3x
Aster METUSDT+0.0100%4h$50K$9K5xas long as short
Binance METUSDT+0.0100%4h$4.6M$10.7M50xas long as short
OKX MET-USDT-SWAP+0.0100%4h$1.2M$3.2M20xas long as short
Gate MET_USDT+0.0100%4h$188K$245K50xas long as short
MEXC MET_USDT+0.0100%4h$883K$239K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin METUSDTM+0.0100%4h$1.3M$2.5M50xas long as short
Bitget METUSDT+0.0100%4h$643K$911K25xas long as short
ApeX Omni METUSDT+0.0100%1h$34K$117K50xas long as short
SunX MET-USDT+0.0100%4h$2K$1.6M20xas long as short
BloFin MET-USDT+0.0102%4h$279K$85K50xas long as short
Lighter MET+0.0176%1h$261K$368K5xas long as short