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

MET

all MET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.062%7-day average +0.064% · you sell dearer than you buy
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−0.027%−$3 on $10k
Price spread, last 7 days−0.056%−$6 · spread now +0.062%, 7d avg +0.064%
Together, before fees−0.083%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance METUSDT0.27310.0100pay 0.0050% / 4h3h 56m$4.5M$12.6M50x
ShortHyperliquid MET0.27320.0100get 0.0013% / 1h56m 24s$3.6M$1.9M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.062% → +0.064%
−$0.13
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$19.13
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 14 min ago; Hyperliquid: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 14 min ago1.84 bp15.9 bp −$1696.2 bp −$962doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago2.57 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 −0.0738% / S +0.0214%1h0.2731−0.001%$4K50xas long as short
Phoenix MET−0.0059%1h0.2725−0.216%$13K$14K5xas long as short
Lighter MET+0.0096%1h0.2736+0.180%$168K$435K5xas long as short
Hyperliquid METshort+0.0100%1h0.2732+0.062%$3.6M$1.9M3x
Aster METUSDT+0.0100%4h0.2733+0.078%$51K$11K5xas long as short
Binance METUSDTlong+0.0100%4h0.2731long leg$4.5M$12.6M50x
Bybit METUSDT+0.0100%4h0.2732+0.037%$4.7M$3.2M25xas long as short
OKX MET-USDT-SWAP+0.0100%4h0.2733+0.088%$1.2M$3.2M20xas long as short
Gate MET_USDT+0.0100%4h0.2730−0.022%$171K$167K50xas long as short
MEXC MET_USDT+0.0100%4h0.2729−0.059%$839K$288K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin METUSDTM+0.0100%4h0.2731+0.015%$1.3M$2.7M50xas long as short
Bitget METUSDT+0.0100%4h0.2732+0.051%$679K$930K25xas long as short
ApeX Omni METUSDT+0.0100%1h0.2716−0.535%$34K$117K50xas long as short
SunX MET-USDT+0.0100%4h0.2729−0.059%$2K$1.6M20xas long as short
BloFin MET-USDT+0.0101%4h0.2718−0.461%$272K$89K50xas long as short
Backpack MET_USDC_PERP+0.0279%1h0.2733+0.077%$312K$249K5xas long as short