Funding arb · Price arb /

MET

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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: KuCoin against Binance+0.206%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$286as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2662.663% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.196%−$20 on $10k

Price spread, last 7 days−0.189%−$19 · spread now +0.206%, 7d avg +0.029%

Together, before fees−0.385%−$39 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: KuCoin is 0.176% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2782	0.0100	pay 0.0050% / 4h	1h 27m	$4.8M	$12.2M	50x
Short	KuCoin METUSDTM	0.2788	0.0100	get 0.0050% / 4h	1h 27m	$1.3M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.206%Rate

Funding earned: $0
Price spread: +0.206% → +0.029%: $17.62
Slippage, 4 orders: −$244.28
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$248.66
Costs to cover: 2.663%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 9 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, 12 min ago	1.80 bp	17.5 bp −$18	126.7 bp −$1,267	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	7.19 bp	131.4 bp −$131	437.2 bp −$4,372	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 −0.0574% / S +0.0199%	1h	0.2786	+0.139%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2782	−0.010%	$168K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2782	−0.014%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2791	+0.299%	$53K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2782	long leg	$4.8M	$12.2M	50x
Bybit METUSDT	+0.0100%	4h	0.2784	+0.062%	$4.8M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2782	−0.010%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2785	+0.098%	$180K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2783	+0.026%	$928K	$283K	20x	as long as short
KuCoin METUSDTMshort	+0.0100%	4h	0.2788	+0.206%	$1.3M	$2.6M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2785	+0.098%	$652K	$889K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2788	+0.206%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2786	+0.134%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0132%	4h	0.2785	+0.098%	$284K	$89K	50x	as long as short
Phoenix MET	+0.0173%	1h	0.2789	+0.227%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0233%	1h	0.2784	+0.076%	$314K	$311K	5x	as long as short