Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−0.024%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$900.905% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.144%+$14 · spread now −0.024%, 7d avg +0.044%

Together, before fees+0.177%+$18 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: Bitget is 0.068% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2790	0.0100	pay 0.0050% / 4h	1h 33m	$4.8M	$12.2M	50x
Short	Bitget METUSDT	0.2789	0.0100	get 0.0050% / 4h	1h 33m	$653K	$890K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.044%: −$6.77
Slippage, 4 orders: −$68.48
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$97.26
Costs to cover: 0.905%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 28 min ago.

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 Binance live order book, 7 min ago	1.80 bp	17.5 bp −$18	126.7 bp −$1,267	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	7.19 bp	27.8 bp −$28	91.6 bp −$916	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 −0.0560% / S +0.0195%	1h	0.2789	−0.008%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2789	−0.027%	$169K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2790	−0.002%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2790	+0.010%	$53K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2790	long leg	$4.8M	$12.2M	50x
Bybit METUSDT	+0.0100%	4h	0.2789	−0.020%	$4.8M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2791	+0.048%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2787	−0.095%	$180K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2789	−0.024%	$930K	$282K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2789	−0.024%	$1.3M	$2.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDTshort	+0.0100%	4h	0.2789	−0.024%	$653K	$890K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2777	−0.454%	$35K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2788	−0.060%	$1K	$1.6M	20x	as long as short
Backpack MET_USDC_PERP	+0.0143%	1h	0.2792	+0.070%	$315K	$311K	5x	as long as short
BloFin MET-USDT	+0.0151%	4h	0.2787	−0.095%	$285K	$89K	50x	as long as short
Phoenix MET	+0.0173%	1h	0.2784	−0.196%	$14K	$15K	5x	as long as short