Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget−0.073%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1321.320% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.073%, 7d avg −0.042%

Together, before fees+0.015%+$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: Gate is 0.031% cheaper against Bitget than usual: you would sell low and buy high, −$3 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	Bitget METUSDT	0.2732	0.0100	pay 0.0050% / 4h	3h 56m	$679K	$930K	25x
Short	Gate MET_USDT	0.2730	0.0100	get 0.0050% / 4h	3h 56m	$171K	$167K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.042%: −$3.11
Slippage, 4 orders: −$104.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$135.07
Costs to cover: 1.320%
Break-even: never at this rate

Slippage from Bitget: live order book, 40 min ago; Gate: live order book, 35 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, 40 min ago	7.39 bp	19.7 bp −$20	83.4 bp −$834	doesn't fit	doesn't fit
Sell Gate live order book, 35 min ago	7.39 bp	41.3 bp −$41	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	0.2731	−0.053%	$4K	—	50x	as long as short
Phoenix MET	−0.0059%	1h	0.2725	−0.267%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2736	+0.143%	$168K	$435K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2732	+0.011%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2733	+0.024%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2730	−0.073%	$4.5M	$12.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2731	−0.029%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2731	−0.037%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2730	−0.073%	$171K	$167K	50x
MEXC MET_USDT	+0.0100%	4h	0.2729	−0.110%	$839K	$288K	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	0.2731	−0.037%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDTlong	+0.0100%	4h	0.2732	long leg	$679K	$930K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2716	−0.586%	$34K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2730	−0.073%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0101%	4h	0.2718	−0.512%	$272K	$89K	50x	as long as short
Backpack MET_USDC_PERP	+0.0364%	1h	0.2732	−0.007%	$312K	$249K	5x	as long as short