Settings8H · net · $10k
Funding arb · Price arb /

MET

all MET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.057%
Price spread now: SunX against Backpack−0.022%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.344%−$34 on $10k
Price spread, last 4 days (all we have)+0.916%+$92 · spread now −0.022%, 7d avg −0.034%
Together, before fees+0.571%+$57 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack MET_USDC_PERP0.27830.0100pay 0.0013% / 1h21m 36s$317K$308K5x
ShortSunX MET-USDT0.27820.0100get 0.0050% / 4h21m 36s$2K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Backpack. 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

Funding earned
$0
Price spread: −0.022% → −0.034%
$1.22
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$16.78
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Backpack: live order book, 37 min ago; SunX: live order book, 4 min ago. Net counts fees only.

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, 37 min ago1.26 bp16.4 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 4 min ago502.69 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

MET on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MET/USD [WBTC.b-USDC]L −0.0498% / S +0.0175%1h0.2781−0.063%$4K50xas long as short
Phoenix MET0.0000%1h0.2782−0.007%$14K$15K5xas long as short
Bybit METUSDT+0.0023%4h0.2780−0.104%$4.8M$3.1M25xas long as short
BloFin MET-USDT+0.0062%4h0.2784+0.050%$284K$89K50xas long as short
Lighter MET+0.0096%1h0.2781−0.058%$168K$425K5xas long as short
Hyperliquid MET+0.0100%1h0.2782−0.032%$3.8M$1.7M3xas long as short
Aster METUSDT+0.0100%4h0.2782−0.014%$52K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2780−0.078%$4.8M$12.2M50xas long as short
OKX MET-USDT-SWAP+0.0100%4h0.2782−0.022%$1.2M$3.3M20xas long as short
Gate MET_USDT+0.0100%4h0.2782−0.022%$178K$172K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MET_USDT+0.0100%4h0.2780−0.093%$934K$281K20xas long as short
KuCoin METUSDTM+0.0100%4h0.2784+0.050%$1.3M$2.6M50xas long as short
Bitget METUSDT+0.0100%4h0.2785+0.086%$651K$866K25xas long as short
Backpack MET_USDC_PERPlong+0.0100%1h0.2783long leg$317K$308K5x
ApeX Omni METUSDT+0.0100%1h0.2782−0.022%$36K$118K50xas long as short
SunX MET-USDTshort+0.0100%4h0.2782−0.022%$2K$1.6M20x