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: MEXC against Binance+0.050%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.050%, 7d avg 0.000%

Together, before fees−0.018%−$2 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: MEXC is 0.051% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2788	0.0100	pay 0.0050% / 4h	1h 29m	$4.8M	$12.2M	50x
Short	MEXC MET_USDT	0.2789	0.0100	get 0.0050% / 4h	1h 29m	$930K	$283K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → 0.000%: $5.05
Slippage, 4 orders: −$43.61
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$52.55
Costs to cover: 0.576%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; MEXC: live order book, 36 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, 11 min ago	1.80 bp	17.5 bp −$18	126.7 bp −$1,267	doesn't fit	doesn't fit
Sell MEXC live order book, 36 min ago	1.80 bp	13.0 bp −$13	42.6 bp −$426	238.3 bp −$23.8K	932.5 bp −$466.3K

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 −0.0571% / S +0.0198%	1h	0.2787	−0.023%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2788	+0.015%	$169K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2787	−0.004%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2792	+0.165%	$53K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2788	long leg	$4.8M	$12.2M	50x
Bybit METUSDT	+0.0100%	4h	0.2789	+0.050%	$4.8M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2788	+0.015%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2788	+0.015%	$180K	$175K	50x	as long as short
MEXC MET_USDTshort	+0.0100%	4h	0.2789	+0.050%	$930K	$283K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2790	+0.086%	$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 METUSDT	+0.0100%	4h	0.2790	+0.086%	$653K	$889K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2788	+0.015%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2788	+0.015%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0121%	4h	0.2785	−0.093%	$285K	$89K	50x	as long as short
Phoenix MET	+0.0173%	1h	0.2789	+0.036%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0218%	1h	0.2789	+0.040%	$315K	$311K	5x	as long as short