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: OKX against Bitget−0.072%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$930.929% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.072%, 7d avg −0.013%

Together, before fees+0.043%+$4 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: OKX is 0.059% cheaper against Bitget than usual: you would sell low and buy high, −$6 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	0.2783	0.0100	pay 0.0050% / 4h	3h 25m	$653K	$857K	25x
Short	OKX MET-USDT-SWAP	0.2781	0.0100	get 0.0050% / 4h	3h 25m	$1.2M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.013%: −$5.88
Slippage, 4 orders: −$70.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$98.78
Costs to cover: 0.929%
Break-even: never at this rate

Slippage from Bitget: live order book, 25 min ago; OKX: 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, 25 min ago	7.15 bp	20.3 bp −$20	95.7 bp −$957	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.59 bp	23.2 bp −$23	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 −0.0498% / S +0.0175%	1h	0.2783	+0.001%	$4K	—	50x	as long as short
Phoenix MET	−0.0029%	1h	0.2788	+0.180%	$14K	$15K	5x	as long as short
BloFin MET-USDT	+0.0065%	4h	0.2785	+0.072%	$286K	$87K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2783	0.000%	$168K	$423K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2782	−0.026%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2781	−0.078%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2781	−0.075%	$4.8M	$12.1M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2781	−0.072%	$4.8M	$3.1M	25x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2781	−0.072%	$1.2M	$3.2M	20x
Gate MET_USDT	+0.0100%	4h	0.2782	−0.036%	$180K	$173K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2781	−0.072%	$934K	$281K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2783	0.000%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDTlong	+0.0100%	4h	0.2783	long leg	$653K	$857K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2783	0.000%	$35K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2784	+0.036%	$2K	$1.6M	20x	as long as short
Backpack MET_USDC_PERP	+0.0301%	1h	0.2783	−0.004%	$317K	$269K	5x	as long as short