Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Bitget−0.106%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1391.394% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 7 days+0.121%+$12 · spread now −0.106%, 7d avg +0.013%

Together, before fees+0.027%+$3 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: Bybit is 0.119% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METUSDT	0.2841	0.0100	pay 0.0050% / 4h	1h 30m	$674K	$854K	25x
Short	Bybit METUSDT	0.2838	0.0100	get 0.0050% / 4h	1h 30m	$4.9M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → +0.013%: −$11.91
Slippage, 4 orders: −$116.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$151.34
Costs to cover: 1.394%
Break-even: never at this rate

Slippage from Bitget: live order book, 50 min ago; Bybit: live order book, 2 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 Bitget live order book, 50 min ago	8.81 bp	28.6 bp −$29	110.6 bp −$1,106	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.76 bp	37.9 bp −$38	155.2 bp −$1,552	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 −0.1723% / S +0.0247%	1h	0.2843	+0.059%	$10K	—	50x	as long as short
Phoenix MET	−0.0114%	1h	0.2842	+0.035%	$14K	$13K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2846	+0.176%	$264K	$245K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2842	+0.018%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2840	−0.040%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2839	−0.057%	$5.0M	$11.2M	50x	as long as short
Bybit METUSDTshort	+0.0100%	4h	0.2838	−0.106%	$4.9M	$2.9M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2840	−0.035%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2840	−0.035%	$193K	$188K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2839	−0.070%	$964K	$269K	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	0.2841	0.000%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDTlong	+0.0100%	4h	0.2841	long leg	$674K	$854K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2842	+0.035%	$37K	$111K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2841	0.000%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0118%	4h	0.2841	0.000%	$290K	$79K	50x	as long as short
Backpack MET_USDC_PERP	+0.0605%	1h	0.2842	+0.039%	$330K	$257K	5x	as long as short