Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance+0.018%7-day average +0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.331%+$33 · spread now +0.018%, 7d avg +0.042%

Together, before fees+0.399%+$40 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: SunX is 0.024% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2723	0.0100	pay 0.0050% / 4h	12m 04s	$4.5M	$12.8M	50x
Short	SunX MET-USDT	0.2723	0.0100	get 0.0050% / 4h	12m 04s	$1K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.042%: −$2.38
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.38
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; SunX: live order book, 3 min ago. Net counts fees only.

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, 13 min ago	1.85 bp	13.8 bp −$14	90.3 bp −$903	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	501.56 bp	doesn't fit	doesn't fit	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 −0.0738% / S +0.0214%	1h	0.2724	+0.044%	$4K	—	50x	as long as short
Phoenix MET	−0.0059%	1h	0.2720	−0.111%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2731	+0.293%	$166K	$438K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2724	+0.040%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2725	+0.084%	$51K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2723	long leg	$4.5M	$12.8M	50x
Bybit METUSDT	+0.0100%	4h	0.2723	+0.011%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2727	+0.165%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2723	+0.018%	$171K	$191K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2723	+0.018%	$837K	$292K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2724	+0.055%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2725	+0.091%	$676K	$954K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2725	+0.099%	$311K	$253K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2716	−0.239%	$34K	$119K	50x	as long as short
SunX MET-USDTshort	+0.0100%	4h	0.2723	+0.018%	$1K	$1.6M	20x
BloFin MET-USDT	+0.0130%	4h	0.2724	+0.055%	$269K	$89K	50x	as long as short